Five Mistakes To Avoid When You Buy A Home

Dated: 05/03/2016

Views: 116

 

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As we enter the busy spring market, I thought it would be a good time to give you some advice on buying a home. There are many mistakes that you can make, and I'm here to help you avoid those pitfalls.

 

    1. Don't buy a home if you're planning to move again soon. You're better off renting if you're not planning on staying in the home for more than 5-6 years.

    2. Don't break your budget. You want to be able to live comfortably in the home that you buy, and there are a lot of unexpected expenses that you run into. You're not just paying a mortgage every month, you'll also have to pay title insurance, mortgage insurance, homeowner's insurance, and probably other things like car insurance and general maintenance costs.

    3. Don't forget about added costs.Over the years you're going to have a lot of added costs. For example, if you need a new roof or a new AC system, you're going to have to shell out quite a bit of money. Plan for these expenses now.

    4. Get everything in writing. Oral contracts usually don't hold up, so be sure to get everything that was promised to you written down. This can prevent squabbling and can ensure that you're getting what you bargained for.


    1. Don't skip inspections. You don't want to buy a home to find out later that it has a bad roof or a termite problem. These types of things can turn into complete disasters, and they can all be avoided if you choose to pay a little up front for home inspections.


Hopefully, these tips can help you avoid a disastrous situation when you set out to buy a home. The process can be stressful, but not when you work with my team!

 

Please don't hesitate to contact us for a free consultation! We would be happy to help you.

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