When you purchase a home, it is sometimes easy to get caught up in mistakes even if you have already gone through the process before. Thus, one of the best ways to prepare for a new home purchase is through the review of common home buyer mistakes.
Once you have a handle on these, you can often spot the biggest issues before they become a personal problem for you.
What is the location like?
Business Insider takes a look at potential housing market mistakes people often make. First, many forget to focus on the location. This is one of the only features of a property that you cannot change, and thus, it should take precedence over almost everything else. What is the crime rate in the area like? Have property values decreased or appreciated over time? What is the projected infrastructure going to look like in five, ten, fifteen years or more?
Always think of the fundamentals
Next, do not get distracted by the bells and whistles. Sellers will often dress up their house with fancy stainless steel appliances or granite countertops, knowing that many buyers will not look beyond these surface features. However, you should always focus on things like the basement, attic, insulation, roof and plumbing. If any of these fundamentals have problems, it will cost you a lot more to fix them than it would to install new countertops.
Finally, let your real estate agent do the talking for you. Even if you have been around the block a few times, it is your job to navigate the market. They can get you the best deal and find you the best property that suits your needs