10 Helpful Lessons For First Time Home Buyers

Dated: 12/06/2017

Views: 683


1. Start Saving Right Away

You can put yourself in a better position by stashing $50 or $100 per month into a new home fund. The bottom line: The sooner you start, the better.

2. Don’t Rush Things

There are lots of factors to consider when buying a home, and you can often benefit by searching in different areas and neighborhoods.

3. Build Your Emergency Fund

When you’re a first-time home buyer, it’s easy to be shocked by the many “extras” that appear in your monthly budget. Things that didn’t exist before–like larger utility bills, home repairs, and lawn maintenance–start adding up and making a huge difference in your bottom line.

4. Price-Shop for a Mortgage

The easiest way to get the best mortgage rates is to shop around as much as you can.

5. Pay Attention During the Home Inspection

Follow the home inspector through every room. Asked questions. take notes.  Always inspect the home on your own and pay attention to the details.


10 Lessons for First Time Buyers

6. Get a Second (or Third) Opinion

it’s important to bring a family, friend or relative along. Since they aren’t buying the property themselves, they’re more likely to see it for what it is. 

7. Shop Around for Homeowners Insurance

This is likely the biggest investment you’ll ever make, so you want a high-quality policy that will serve its purpose if you should ever need it. So don’t shop just on price alone–consider the quality of the policy and its coverage options. If you ever need to file a claim, you’ll be glad you did.

8. Don’t Go Furniture Shopping the Day After You Move In

When you’re a first-time home buyer, it’s easy to forget that your new home will bring with it a whole new set of expenses you’ve never had to worry about before. So before you go on a furniture-shopping spree, take some time to figure out what your new budget might look like, and what you actually need for your new home.

9. Offer to Help Others Move for Years in Advance

Help others move, they will help you move.

10. Know What You Can Change, and What You Can’t

The number-one thing you can’t change about a house is its location, so remember: When you buy a home, you’re not just buying a house, you’re buying the neighborhood. Meanwhile, other problems can be fixed.  Every home has some issues. Some of them are things you can live with, while some are things you can’t; some are things you can change, and some are permanent features.

Blog author image

Arlene Mendez

The Mendez Group's extensive knowledge and experience allow them to handle a wide range of clients and situations. Whether their clients are looking for a home for the very first time or they are sea....

2 comments in this topic

  • Posted by Valerie-Pedro Flores
    12/07/2017
    Great blog very important information. Thanks for posting...
  • Posted by Norma Robles
    05/16/2018
    Thanks for the tips we do need help on getting our own home

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