What are some mistakes that buyers make when looking for a home? We’re going to break it down into four sections.
Number one, money. Don’t go looking for a house. Before you have a pre-approval. You need to know your budget. The second one in the money section is don’t save too little for your down payment. That’s going to help you either lower your monthly costs or get you a higher budget. The third thing there is don’t drain your savings. Things come up, things break down, stuff happens. Make sure you have some money, put aside.
Number two, bones. Pay attention to the structure and the bones of the house. Do a home inspection. Find out what the flaws are, see if they’re fixable or if they’re showstoppers. Don’t be distracted by staging and flashy details like granite countertops. And on the flip side of that, don’t be distracted by horrible paint color, and outdated cabinets, because you can probably change those.
Number three, location. Know the neighborhood, like the neighborhood. You can probably fix a home in a neighborhood you like, but you can’t move the perfect home from a neighborhood you’re not that hot.
Number four, holding out for the perfect house. When we started looking for our first home, we were thinking forever home. Once we got out of that frame of mind, because a friend reminded us that we might just be there for five or 10 years, we found the perfect home for the next 12 years.
If you’re looking to buy a home, contact us. We can help.
Watch the video here