Common Mistakes of First Time Buyers
Leap before you look
According to a recent article in the Globe and Mail “jumping into a deal is one of the most common mistakes first-time home buyers make. They fall in love with a property, worry about losing out, and throw caution to the wind.”Skipping a qualified Home Inspection, especially when it is due to pressure from an over anxious agent, or fear of loosing the deal, remain some of the worst mistakes first time buyers can make.
Not understanding costs
Being a new homeowner brings new expenses especially when faced with unexpected repairs. A certified Home Inspector can help you avoid those type of surprises by making sure that you are well educated on any potential issues with your new home. Things like understanding the estimated shelf life of your major components like furnaces and air conditioning, and structural maintenance issues like how long you can expect your roof to last will help you to have some visibility on the major expenses you will have to deal with.
Accompany the Inspector
Sometimes due to timing or distance, a new homeowner will skip the actual inspection choosing only to review the final report. This is a golden opportunity missed. Accompanying your home inspector is a tremendous learning opportunity and allows you to view your new property through an unbiased, unemotional perspective. Qualified inspectors can suggest tips on how to maintain a home that could literally save you thousands of dollars over the long term. It’s also a great time to ask questions and take advantage of your inspectors years of experience and expertise to really get to understand your new property. It’s no surprise that amongst the biggest regrets that any homeowners later recall “skipping the inspection” is always at the top of the list. ALWAYS insist on a home inspection by a qualified, accredited inspector, and then make sure you get all the value you can by accompanying them on the job and learning from their experience.