5 Things New Home-owners Regret

Buying a house can be a difficult and an important decision in anyone’s life. As home-owners to-be, yhomou have to get a house that mainly fits your budget and if there is room for your family. And if you have the liberty, you can move on to even looking up for a house your style.

Even if you think you have found the house of your dreams there could still be things you are skipping on because it is what you always wanted ever since you can remember. It is always best to learn from others when putting all your money in a house you might want to step out from in a month or two!

Don’t waive the inspection

An inspection can reveal a lot problems with the house before you go ahead and make a financial commitment. A necessary step that reveals from mold to drain problems to even the roof and pests, an inspection is a MUST before you are buying your new home.

Didn’t research the neighborhood

Finding the exact house you dreamt of that fits your budget and in great condition in the middle of a drug-ravaged neighborhood can be a nightmare you cannot wake up from. Make sure you research about the neighborhood about good schools, crime rate and even wastewater system.

Don’t buy a house that needs work

If you are going all in when buying this house you might not have the funds to repair the house or even remodel it. Even if the house is the perfect fit for your expectations, think about the bigger picture since roof restoration or drainage system replacement is unbelievably expensive.

Don’t go House Poor

A great rule of thumb is to not pay 30% more than your gross income on the housing. Even if you predict you can earn more in the future, it is extremely risky to go for a house you cannot afford.