Mistakes that first time buyers make

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Post on 10-Jan-2017

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<ul><li><p>Spending Too Much</p><p>Its important to be realistic about what you can afford. The final sale </p><p>price isnt the only cost to take into account when owning a home. </p><p>Houses come with plenty of bills like heating and property taxes, future </p><p>renovations and occasional unforeseen costs like burst pipes or city </p><p>trees needing to be trimmed</p></li><li><p>Look closely at what developments </p><p>or infrastructure is planned around </p><p>the area.</p></li><li><p>Not Doing Your Research </p><p>Blindly buying a home can be a big mistake. Whether youre </p><p>paying too much attention to your realtor and family who just </p><p>LOVE the place! or are feeling the pressure to make a quick buy, </p><p>moving into a house that hasnt been thoroughly vetted can be a </p><p>big, expensive, regretful mistake</p></li><li><p>Grab a coffee or a meal in your </p><p>new suburb. Pretend you </p><p>already live there to get the feel.</p></li><li><p>Buying With Your Heart</p><p>Sure the house is gorgeous, fully renovated and painted your favourite </p><p>shade of cream and has an ensuite bathroom for every bedroom. But its </p><p>on a busy road and you have three young kids and two cats who like to run </p><p>outside.</p><p>Be smart! Visit the house at least twice (youd be surprised at how your </p><p>opinion can change on a second and third visit) and think critically. Go </p><p>through every aspect of the house, every room, every floor, its location </p><p>and neighbourhood and really try to picture yourselves in the house for </p><p>years down the road. </p></li><li><p>Spending Too Little</p><p>Yes, this can also be a mistake! If you spend too little on a home that youll </p><p>outgrow quickly, youll incur the expense of moving (which can be quite </p><p>pricey) perhaps before you need to. </p><p>What you can do about it: Think ahead. Are you planning on starting a family </p><p>soon? Will you outgrow the house? Perhaps stretching your money a little bit </p><p>to stay in a house for longer is a more sound financial decision</p></li></ul>