It’s easy to make mistakes as a first time home buyer. Here are five houses you should avoid at all costs!
The Tiny House
It’s cool – it’s trendy – it’s on TV, but it might not be functional. That 2 bed 1 bath house is going to feel tight when your family starts to grow. It’s easy to fall in love with that cute cottage house, but it might not work 2 years down the road. It’s important to look ahead to what type of house is going to work for your family going forward.
The house is great, but the lot is HUGE. If you’re a master gardener, perfect! But do you really want to take care of that 2 acre yard when you get home from work? It might be better to keep it simple unless you want to hire a lawn service company. First time home buyers should be avoiding a headache!
The SICK house
Everything in this house is upgraded AND you can afford it. Everyone thinks the crown molding and the elevated ceilings are amazing. The problem is, it’s priced about $50 per square foot more than any other house in the neighborhood. It would be an accomplishment for a first time buyer, but a nightmare for a first time seller. Buying high can be a setback for a first time home buyer. The purchase should be looked at as an investment first and foremost!
The Project House
It seems like a great deal – there’s so much potential! But ask yourself, are your weekend hobbies centered around household projects, or other outside activities/hobbies? Many underestimate the time, financial resources and skill it requires to install new floors, cabinets, siding and a roof. If a buyer has these skills, the project house might be a great deal!
Right House in the Wrong Place
It has everything you need – the bedrooms, the big bonus room, an open kitchen! The only problem is, you’ll be hearing more sirens around the neighborhood than kids playing. The location should be extremely important to a first time home buyer. Things such as schools, crime rates and neighbors should all be taken into account. The quality of the area will drive the homes value and maximize your investment potential.