It goes without saying that purchasing your first home is one the biggest milestones in your life. There are so many things to think about and sometimes (without the help of an awesome real estate agent!) the process can get overwhelming. Here are some common regrets of first-time home buyers and how to avoid them when purchasing your own home – whether it’s your first one or not!
- Not being realistic about their budget. Sure, you may be approved for a monthly mortgage payment that seems doable – but have you considered closing costs, HOA fees, utility bills, and home maintenance down the road? If you’ve considered all of these expenses AND have factored them into your monthly budget, then your dream house might be the perfect fit.
- Caring more about the square footage instead of the layout. When you’ve never lived in a home before, the square footage may seem like the most important thing to you. But is the space livable? If the square footage is spread out amongst a lot of smaller rooms, you might find that an open floor plan (even with less square footage) would have been a better fit for you.
- Not loving the neighborhood. Having good neighbors that you have fun with and trust is the best. Take the time before you move in to visit the house and drive around the neighborhood more than once (and at different times of the day!). Are there young families walking around the block pushing strollers and walking their dogs? Are there loud parties happening on Friday nights? Is no one ever outside? These all might be indicators of the type of neighborhood you would be a part of. Knock on the doors of the neighbors next door and try to get a feel for the neighborhood before you make an offer.
- Thinking about the NOW instead of the FUTURE. The house that you want to purchase might be the perfect fit for you now, but where do you envision your life in 5 years? Will you need extra rooms for possible children down the road? Is it a possibility that your aging parent might have to move in with you? Taking some time to really think about how long you plan to live in the house and what life events might take place while you’re there, will ensure that you pick the right home for the long-term.
No matter if this is your first home or your third home in Tehachapi, Bear Valley Springs, Golden Hills, or Stallion Springs, we’d love to help you find your dream house! Contact us to schedule a time to talk.