6 Mistakes First Time Home Buyers Make

Looking for your first home, a place to possibly raise your children and grow old with your beloved spouse? Check out these tips before buying!

1. Not understanding the importance of credit scores – The higher your credit score the lower your rates and fees will be, which can save you thousands of dollars. So check your score!

2. Don’t consider renting as the best possible option – Sometimes it’s good to take a step back and ask yourself if you really need to own a new home or maybe you’re better off renting for now. You can always wait on buying a new home once you’re financially stable.

3. Not willing to put in home improvement effort – You’re better off finding a cheaper home that needs a little bit of elbow grease than spending much more on a brand new home. Put in the effort and you can save thousands!

4. Skipping home inspection – Do not try and cut costs by skipping the inspection fee. This inspection is vital to your home and could save you a lot of money down the road.

5. Assume a home is an investment – People tend to think that a house is an investment that will make them money down the road. This is not always the case. Keep in mind that things break, leak and crack… it costs money to maintain!

6. Don’t trust the Internet – Just because the internet lists a house at a certain price does not mean it’s correct. You should consult with someone who understands the real estate market before making a purchase.