3 Fatal Mistakes When Buying A New Home

Buying a new home is truly an exciting venture and if its family home then its even more exciting. A home is so much more than just a roof over your head. It reflects your life, your lifestyle and gives a family that sense of belonging and feeling safe inside the four walls. Apart from that, any home is a significant investment and its probably the biggest investment you will ever make. For that very reason its important that you make the investment wisely.

So many people make silly mistakes when buying a new home. Some mistakes can be costly financially while some mistakes can cost you in terms of space and comfort. Lets quickly look at 3 very common mistakes.

1. Impulse Buying
Buying a pair of shoes on impulse is probably okay. Buying a new home on impulse definitely ain't. So many people get swept up by their excitement when they first see a home they really like and end up buying it - on impulse. You need to set your emotions aside when making any investment and look at it from a practical and logical perspective.

2. Location
No matter what property you buy, location is critically important. No matter how great the property, you need to look at the broader context to truly access its value. Proximity to schools, public transport and amenities are very important aspects that can affect the resale value of the property.

3. Price
No matter what you are buying there is one important thing that is always negotiable and that is the price. Sellers want to get as much as possible while buyers want to save as much as possible. Its important that you always get an accurate evaluation of the value of the property in the current market and never pay more than that.