| After 8 years in the real estate industry. I can honestly | | | | 4. Buying A Fixer - Almost every home will require |
| say that these are the biggest mistakes first time | | | | some work. This includes, paint, landscape, flooring and |
| home buyers make. You can avoid these common | | | | fixing lots of little things. Make sure you have some |
| mistakes and make your first home buying experience | | | | money set aside for these things. You don't want to |
| a pleasurable one. | | | | put it on credit cards and increase your monthly |
| 1. Be Realistic - The first home for most home buyers | | | | expenses. |
| is one that is on the smaller side, affordable, probably | | | | 5. Buying Acreage - You need to realize that if you |
| needs some work, and may not be in the most | | | | buy a home with acreage you are really buying a |
| desirable part of town but does not have to be in a | | | | second part time job. If you have never lived on a |
| bad part of town either. Very rarely is your first home | | | | large piece of land I would highly recommend that you |
| your dream home. | | | | speak with someone who does to get a good idea on |
| 2. Watch Your Budget - It is very crucial that you | | | | how much work it entails. |
| watch your budget. Just because the bank or lender | | | | 6. Not Having Any Money - While it is possible to buy a |
| says you are approved for a certain monthly payment | | | | home with zero down, there are still costs associated |
| does not mean it is affordable. If you are struggling at | | | | with buying a home such as paying for inspections. |
| the end of the month then increasing your outflow an | | | | Also you will need some money for repairs, moving, |
| extra $200 a month is not a good idea. You know | | | | deposits, appliances, meals and a variety of other |
| your budget and finances better than anyone else. | | | | unforeseen expenses. |
| 3. Consider The Resell - Eventually as your family | | | | If you are thinking about buying a home, I would highly |
| grows as well as your income you will want to buy a | | | | urge you to consider the 6 biggest mistakes home |
| bigger home in a better neighborhood. When buying | | | | buyers make. Buying your first home is the biggest |
| your first home think about how difficult the home will | | | | financial decision you will make. Buying your first home |
| be to sell in the future. For example, manufactured | | | | the right way will make you a happy home owner in |
| homes are the most difficult home to finance, thus it | | | | the years to come. |
| will be more difficult to sell. | | | | |