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The 5 Biggest Home Owning Nightmares

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canstockphoto24781661Buying a home can be exciting, but making sure you find the right one for you can be time-consuming and stressful. If you are in the market for a house, here are five things you should avoid:

  1. Falling in love at first sight. A house can look great on the exterior, but have serious problems when you get inside. Don’t be blinded to a house’s very real issues by attractive curb appeal. It’s easy to love how a house looks, but if there are issues with the structure, the plumbing, etc., there can be very real consequences if you make a hurried decision
    based strictly on which house you love the most.
  2.  Buying too much home. It is easy to talk yourself into paying higher monthly mortgage prices when you actually don’t have the budget to cover that mortgage and all of the other costs that come along with owning a home. Many people will spring for a more expensive house because it feels like the right one, but will then spend the next thirty years sweating under a heavy mortgage payment.
  3.  Not maintaining that home. Houses need maintenance. They need regular time and attention in order to stay clean and functioning. It’s important to budget for routine maintenance or to make sure that you have the skills to take on those tasks yourself so that your home stays in prime condition.
  4.  Not having an inspection before buying. Never skip the inspection. You might be confident in your impression of the home, but only an inspector will be able to tell you if there are serious issues. Loving how a house looks shouldn’t negate the very real possibility that the house has termites, mold, or other pests that are expensive to remediate and can ultimately make a home unlivable.
  5.  Not considering your neighbors. How well your neighbors keep up their homes has a lot to do with the value of your home. You might be dedicated to mowing your lawn and trimming your shrubs, but if all of the houses around you let their lawns grow out of control (or die), or trash their houses, it will bring the value of your home down.

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