Three Common Mistakes To Avoid When Searching For Your First Home

by Mark Johnson

in Properties

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Most homeowners who look back on their first property purchase will admit that they should have done things differently. Indeed, there are a number of mistakes that many people make when searching for their first home all of which can add stress and strain to the process. But this doesn’t have to be an inevitable consequence of buying your first home. By becoming educated on the common mistakes made by first-time buyers, you can take measures to avoid these errors and prepare for as smooth a home search as possible. So, here are some of the most common mistakes to avoid when looking for your first property purchase.

Mistake #1: Restricting your home search

While there may be elements that you are totally unprepared to compromise on, in the other areas, try to be as open as you can when looking at homes for sale. By being a little flexible with some of your criteria, you will give yourself a better chance of finding a property that ticks your most important boxes. For example, by spreading your search a little wider than your favored location, you might find a few gems with the garden, view, extra bedroom and other items on your wish list.

Mistake #2: Not conducting a thorough viewing

Many homeowners rush property viewings because they don’t have time, or they feel uncomfortable with the process of inspecting the seller’s home. But it’s really important to conduct a thorough search so that you can be absolutely sure the home is right or wrong for you. Make sure you only schedule a viewing when you have plenty of time and don’t feel rushed by the seller. It is in their interests to allow you to inspect the house properly. And do make sure to scope out the neighborhood as well as the property itself. Some buyers find it helpful to bring along a checklist to remind themselves of all the things they need to inspect and the questions they want to ask.

Mistake #3: Not doing a second (or even third) viewing

If you find a property that you very keen on, make sure you view it at least twice. It’s one of the biggest purchases you will make and, as is the case with any large investment, you must be well-educated about what you are about to get yourself into.  If you can, try to change the times of the viewing so that you can see the house and the neighborhood at different points during the day and evening. At the first viewing, you may have been looking at the details, but on the second viewing you should take a step back and look at the property as a whole.

It’s important to be aware that buying property is a complicated process and even with plenty of experience, problems can and do crop up along the way. However, you will minimise the stress involved in this process by being a thorough and well informed first-time buyer.

Thank you for reading.

Image: Mark Moz

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