Tag Archive | “cosmetic fixes”

Ten Deadly Sins of Home Buyers

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When you are buying your first home, many things can go wrong. In all the excitement, you can make simple mistakes. To avoid these mistakes, it is important that you get a good idea about what to expect. The knowledge will help you in making all the right decisions.

Know What You Can Afford:

Know What You Can Afford

It is extremely important that you realize what your total budget is. You should have a very clear idea about how much you can spend on a house. There is a difference between what the bank says you can afford and what you know yourself. Calculate the total expenses and find your range. This will make sure that you are not looking at houses out of your price range.

Additional Expenses:

Never make the mistake of ignoring all the additional expenses that you will have. These include the property taxes, maintenance costs, repairs and insurance against disasters. All of these additional expenses should be in your mind always.

Mortgage Qualification:

You should always get approved for a loan first before making any offer for purchasing a house. You never know how much the bank is willing to lend you. The figures may be quite different from what you were expecting. So it is better to clear that up before starting the purchase offers. You might end up wasting the seller’s and the agent’s time otherwise.

Picky in Choosing:

First time home buyers mostly make the mistake of expecting too much from their first home. That is okay as long as you are ready to be flexible. You will have to compromise on some areas because of the limited funds.

Getting Tricked:

The sellers can play with your emotions with the help of just a few upgrades and cosmetic fixes. The house’s physical appeal will increase but you should be careful not to be swept away. Read the full story


September 2011
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