Navigating the home buying process as a first-time buyer can be difficult. Be sure to avoid these four mistakes as you prepare to buy your first home, and check out our four best tips for first-time home buyers.
1. Don’t forget to factor in insurance.
When you forget to factor in insurance, you run the risk of purchasing a home you truly can’t afford. Be sure to use estimates for your home insurance when calculating your monthly total payment. One way to cut down on your insurance premiums is by installing upgrades such as security systems. Consider bundling your home insurance together with auto, life, RV and motorcycle insurance with Shorewest Insurance Services.
2. Don’t use HGTV as your guide.
With the overload of home magazines, television shows and blogs, it’s easy to get bogged down thinking your home will never live up to the hype. Be sure to research amenities that will fit within your budget for homeownership and know that you’ll always have the opportunity to upgrade to that stainless steel appliance a few years down the road. Remember that your personal touches for décor will be far more meaningful than any styled shoot in a magazine.
3. Don’t visit homes out of your price range.
Popping into any open house “just to look” will end up altering your expectations of home living. It can be hard to go back to homes within your price range when you’ve seen other homes on the market you can’t afford. Be sure to stick with your pre-determined realistic price range when you are touring homes to avoid any potential heartbreak.
4. Don’t start your search too early.
Be sure to start your search only when you’re truly ready. In today’s competitive market, houses are staying on the market for much shorter periods of time. Avoid falling in love with a house only to realize you’re still a few months out from buying. Once you start, be sure to use Shorewest’s Property Search to help you find a home that is everything you need.
Talk to your Shorewest, REALTOR® today about what you are looking for in a home! They will best be able to help you avoid these pitfalls. #ShorewestRealtors #HomeBuying