mistakes that first time buyers make

Download Mistakes that first time buyers make

Post on 10-Jan-2017




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  • Spending Too Much

    Its important to be realistic about what you can afford. The final sale

    price isnt the only cost to take into account when owning a home.

    Houses come with plenty of bills like heating and property taxes, future

    renovations and occasional unforeseen costs like burst pipes or city

    trees needing to be trimmed

  • Look closely at what developments

    or infrastructure is planned around

    the area.

  • Not Doing Your Research

    Blindly buying a home can be a big mistake. Whether youre

    paying too much attention to your realtor and family who just

    LOVE the place! or are feeling the pressure to make a quick buy,

    moving into a house that hasnt been thoroughly vetted can be a

    big, expensive, regretful mistake

  • Grab a coffee or a meal in your

    new suburb. Pretend you

    already live there to get the feel.

  • Buying With Your Heart

    Sure the house is gorgeous, fully renovated and painted your favourite

    shade of cream and has an ensuite bathroom for every bedroom. But its

    on a busy road and you have three young kids and two cats who like to run


    Be smart! Visit the house at least twice (youd be surprised at how your

    opinion can change on a second and third visit) and think critically. Go

    through every aspect of the house, every room, every floor, its location

    and neighbourhood and really try to picture yourselves in the house for

    years down the road.

  • Spending Too Little

    Yes, this can also be a mistake! If you spend too little on a home that youll

    outgrow quickly, youll incur the expense of moving (which can be quite

    pricey) perhaps before you need to.

    What you can do about it: Think ahead. Are you planning on starting a family

    soon? Will you outgrow the house? Perhaps stretching your money a little bit

    to stay in a house for longer is a more sound financial decision