1- Not researching the neighborhood to make sure it fits within your lifestyle…
You don’t want to move into your dream home only to find out that you don’t like the community where it is located. Researching the neighborhoods before you start shopping for your home in order to make sure it’s a good fit for your lifestyle is extremely important. Key things to consider are the distance of your commute to work, necessary amenities like shopping, banking and health care. Even if you don’t have children, choosing areas with the best schools and close proximity to sports facilities are important. Keep in mind: A great neighborhood will increase your home’s value, while a bad one will lower it over time. With 20+ years of experience we are local experts on our market and will assist in finding the best combination to fit your lifestyle and be a strong financial investment.
2-Not taking into consideration the future resale value when purchasing a home.
The property you purchase should be a place that feels like home to you and your family, but it's important to remember that it's also a huge investment. When shopping for a home, it pays to think about resale down the road. Search for homes in sought-after locations and look for features that future buyers will want.
3- Waiting for the market to improve or not buying at all.
No one can predict precisely where the market is going, so trying to time your home purchase with the bottom of the market is futile. If you're financially and emotionally ready to be a homeowner, it's always a good time to buy. Just think: all the time you spend procrastinating on purchasing a home, you could be building equity, getting tax deductions and enjoying the many other benefits of home-ownership!
For more insights, don't miss this fantastic resource: 'The First-Time Homeowner’s Guide to Affordable Home Ownership.' by Sofia Medina. It's packed with valuable information to help you navigate your journey to owning your dream home. Take a look and discover how you can make affordable home-ownership a reality.