20 Things to Avoid When Buying a Home
Are you looking to buy a new home but you're worried that you will make some very disastrous errors? Don't worry because if you simply follow this easy guide you are sure to avoid all of the major mistakes when buying a home.
1.
Avoid buying a house that you are not in love with.
The first thing you should make sure is that you're 100% sure that you like the house you're about to buy.
2.
Avoid spending lots of money after first buying your home.
Do not immediately go out and buy a new car or a hot tub after buying a home.
3.
Avoid a low interest rate that is adjustable by the bank.
You should aim for a fixed interest rate.
4.
Avoid buying a house that will require major renovations.
5.
Avoid going out on a whim.
Make sure you think about which house you truly want now, and which house will serve you best in the future.
6.
Avoid spending every cent from every one of your savings accounts.
Make sure you still have some money left over in case of emergencies.
7.
Avoid crime infested areas.
Visit your local police department and ask for crime statistics in the area.
8.
Avoid getting sucked into mortgage plans that seem too good to be true.
9.
Avoid not having a minimum or a maximum price that you are willing to pay for a home, before you go hunting.
10.
Avoid thinking you are in a better financial position than you truly are.
You should be fully aware of your financial position and what type of house you can truly afford.
11.
Avoid spending more than 2.
5 times your annual income on a home.
Use this figure as a rough estimate for how much you should be spending on your home.
12.
Avoid thinking that you know more about real estate than your agent.
You probably don't.
13.
Avoid thinking that a budget in unnecessary.
Before going hunting for a home, have a strict budget that accounts for heating, electricity, and other additional costs that you might have.
14.
Avoid not fully understanding the terms of your mortgage agreement.
Make sure you fully understand your mortgage agreement and talk to a specialist if needed.
15.
Avoid changing or losing your job immediately after buying a house 16.
Avoid choosing an agent you do not like or trust.
Feel free to have an interview with a potential agent before you hire them.
17.
Do not avoid negotiating with the seller.
Often, you will be able to negotiate a lower price with the seller of a house.
18.
Avoid skipping out on home inspections.
These are absolutely necessary and can save you a lot of hardship down the road.
19.
Avoid buying a house with any type of water damage.
This is evidence of bad plumbing and will only result in high costs for maintenance and repair in the future.
20.
Avoid not having a specific, detailed plan of what type of house you want or need.
So, as long as you follow these simple guidelines, you are guaranteed to be pleased and comfortable living in your first home for many years.
Use these tips and go find the home you've been dreaming of.
1.
Avoid buying a house that you are not in love with.
The first thing you should make sure is that you're 100% sure that you like the house you're about to buy.
2.
Avoid spending lots of money after first buying your home.
Do not immediately go out and buy a new car or a hot tub after buying a home.
3.
Avoid a low interest rate that is adjustable by the bank.
You should aim for a fixed interest rate.
4.
Avoid buying a house that will require major renovations.
5.
Avoid going out on a whim.
Make sure you think about which house you truly want now, and which house will serve you best in the future.
6.
Avoid spending every cent from every one of your savings accounts.
Make sure you still have some money left over in case of emergencies.
7.
Avoid crime infested areas.
Visit your local police department and ask for crime statistics in the area.
8.
Avoid getting sucked into mortgage plans that seem too good to be true.
9.
Avoid not having a minimum or a maximum price that you are willing to pay for a home, before you go hunting.
10.
Avoid thinking you are in a better financial position than you truly are.
You should be fully aware of your financial position and what type of house you can truly afford.
11.
Avoid spending more than 2.
5 times your annual income on a home.
Use this figure as a rough estimate for how much you should be spending on your home.
12.
Avoid thinking that you know more about real estate than your agent.
You probably don't.
13.
Avoid thinking that a budget in unnecessary.
Before going hunting for a home, have a strict budget that accounts for heating, electricity, and other additional costs that you might have.
14.
Avoid not fully understanding the terms of your mortgage agreement.
Make sure you fully understand your mortgage agreement and talk to a specialist if needed.
15.
Avoid changing or losing your job immediately after buying a house 16.
Avoid choosing an agent you do not like or trust.
Feel free to have an interview with a potential agent before you hire them.
17.
Do not avoid negotiating with the seller.
Often, you will be able to negotiate a lower price with the seller of a house.
18.
Avoid skipping out on home inspections.
These are absolutely necessary and can save you a lot of hardship down the road.
19.
Avoid buying a house with any type of water damage.
This is evidence of bad plumbing and will only result in high costs for maintenance and repair in the future.
20.
Avoid not having a specific, detailed plan of what type of house you want or need.
So, as long as you follow these simple guidelines, you are guaranteed to be pleased and comfortable living in your first home for many years.
Use these tips and go find the home you've been dreaming of.