10 Mistakes First Time Homebuyers Often Make
How To Avoid Common First Time Homebuyers Errors
Buying your first home is one of the most significant purchases you’ll ever make. It can feel intimidating and overwhelming, and you may be worrying about making a big mistake. Gain some confidence by working with a Maricopa real estate company and avoiding these ten common mistakes.
1. Relying Too Heavily On House Listings
Sometimes, listings contain mistakes. Or a realtor may list a home as two bedrooms even though it could easily be converted to a three bedroom. If you’re having a hard time finding what you’re looking for, try expanding your search criteria, or request a showing at a home that seems close to what you want. The only way to really get accurate information about a home is by taking a look at it.
2. Focusing On Home Details That Are Easily Changed
When browsing through listings or touring homes, it’s really easy to get caught up with details such as paint colors, ugly furniture, and outdated décor. Keep in mind that furniture and décor will leave with the old owner, and that paint is a very inexpensive way to transform a room in just a few hours. While the bones of the house will stay the same, the feel and appearance of a home can be easily changed to fit your style.
3. Not Hiring a Great Realtor
Choosing a realtor is one of the most important decisions you’ll make as you purchase your first home. An experienced Maricopa real estate agent will help you understand the entire home buying process from start to finish, advise you about different facets of the home and any repairs it may need, won’t pressure you to make a decision, and will help you make an offer quickly in the right situation. Don’t skimp on finding yourself a great realtor!
4. Getting Emotionally Attached To a Home
This can be one of the hardest parts of buying a home, whether it’s your first or fifth home purchase. There are many stages of the home buying process that can fall apart at any time, and it can be extremely disappointing to get attached only for things to not work out. It’s also important to evaluate the criteria you need in a home so that you don’t get attached to something that won’t end up being the right fit. Do your best to stay emotionally neutral as you view homes.
5. Buying An Older Home Without Understanding Repairs
Many first-time buyers find that they can’t afford a newer home, or simply prefer the character and details they find in older homes. One mistake that many first-time buyers make is choosing an older home without realizing the potential work it may need – and how much those repairs can cost. Ask your Maricopa real estate broker for advice and work with an experienced home inspector to reduce the surprises that inevitably come with older homes, such as lead paint, asbestos, a failing septic system, and an under-insulated attic.
6. Not Completing Renovations Before Moving In
Simple repairs or maintenance such as painting, refinishing hardwood flooring, and cleaning HVAC systems are much easier to complete before you move anything into the home. Try to stagger your moving dates so that you have time to perform these tasks. Not only is it easier to paint when you aren’t working around boxes, but you’ll love moving into a clean and upgraded home that already feels like yours!
7. Assuming Renovations Are Like HGTV
Many first-time homebuyers have big plans for renovation and updates to their new home. But before you get started, take time to plan out the cost and work of these updates. Your Maricopa real estate company can help point you in the right direction. It turns out that many repairs are not as easy as they look on TV, and can be very expensive.
8. Not Paying Attention To The Neighborhood
It’s easy to get caught up in the details of your new home and skip over its surroundings. Take time to drive around your potential new neighborhood and even consider knocking on some doors. Check for parks within walking distance, consider whether you’ll want your kids to play with the neighbors, and who might be regularly passing by your home.
9. Skipping Over The Yard
Since acreage or larger yards can be expensive, first-time homebuyers tend to overlook the exterior of their potential new home to keep costs down. But it’s important to consider the yard with your Maricopa real estate agent. Spend some time walking around outside and imagine where you might add a patio or fit a swing set. You may find yourself wanting more acreage than you initially expected.
10. Waiting Too Long For The Perfect House
Unless your budget is unlimited, you’ll eventually need to concede a few things on your wishlist. Make sure your home search includes both needs and wants, so you can get the basics that you must have without skipping over great homes because something small is missing. The perfect home on a limited budget usually doesn’t exist.
Hire An Experienced Realtor In Maricopa
Being a first-time home buyer can feel overwhelming. Get the right real estate agent on your side so you can avoid common mistakes and make a great purchase! The Maricopa Real Estate Agency is the top-rated agency in Maricopa with years of experience and results. Our agents are ready to help you buy the home of your dreams! Contact us today to get started.
The Maricopa Real Estate Company
21300 N John Wayne Pkwy Suite 101
Maricopa, AZ 85139