{"id":140,"date":"2018-03-16T07:00:11","date_gmt":"2018-03-16T07:00:11","guid":{"rendered":"http:\/\/www.bridgettbyzewski.com\/real-estate-blog\/?p=140"},"modified":"2018-03-12T14:03:18","modified_gmt":"2018-03-12T14:03:18","slug":"5-donts-of-home-buying","status":"publish","type":"post","link":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/2018\/03\/16\/5-donts-of-home-buying\/","title":{"rendered":"5 Don’ts of Home Buying"},"content":{"rendered":"

Whether you are buying your first home or your last home, there are several things you will do right and some things that you may get wrong. One of our jobs is to help minimize the things that you may get wrong. Here are some tips for making sure the next home you buy is a sound investment for you and your family.<\/p>\n

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Home buying is complicated!<\/figcaption><\/figure>\n

1: Don\u2019t buy the most expensive house in the neighborhood<\/h2>\n

We are all drawn to the biggest, most beautiful house in the neighborhood. But bigger is usually not better when it comes to houses. We suggest that you don\u2019t buy the biggest, best house in the area. Your home is only going to go up in value as much as the other houses around you. If you pay $750,000 for a home and your neighbors pay $350,000 to $500,000, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the best house.<\/p>\n

2: Don\u2019t buy a home without a home inspection<\/h2>\n

Would you buy a used car without checking under the hood? Even if you are one of the few that would, don\u2019t buy your house that way. Hire a home inspector. It\u2019ll cost a few hundred dollars but could end up saving you thousands. A home inspector\u2019s sole responsibility is to provide you with information so that you can decide whether to buy. It\u2019s really the only way to get an unbiased third-party opinion. If the inspector does find any issues with the home, you can use it as a bargaining tool for lowering the price of the home. It\u2019s better to spend the money up front on an inspector than to find out later you must spend a fortune.<\/p>\n

3: Don\u2019t buy a home without understanding all homeownership costs<\/h2>\n

The difference between renting and home ownership is a bunch of expenses you aren\u2019t used to paying as a renter. Most people just focus on their mortgage payment, but they also need to be aware of the other expenses such as property taxes, utilities and homeowner-association dues. New homeowners also need to be prepared to pay for repairs, maintenance and home improvements. Make sure you budget for these expenses, so you\u2019ll be covered and won\u2019t risk losing your house.<\/p>\n

4: Don\u2019t try to time the market before buying a home<\/h2>\n

Don\u2019t obsess with trying to time the market and figure out the best time to buy. Trying to anticipate the housing market is impossible. The best time to buy is when you find a house you like and can afford. Real estate is cyclical, it goes up and it goes down and it goes back up again. So, if you try to wait for the perfect time, you\u2019re probably going to miss out.<\/p>\n

5: Don\u2019t buy a home based on your emotional reaction<\/h2>\n

Buying a house based on emotions is going to break your heart. If you fall in love with something, you might end up making a bad financial decision. There\u2019s a big difference between your emotions and your instincts. Going with your instincts means that you recognize that you\u2019re getting a great house for a good value. Going with your emotions is being obsessed with the paint color or the backyard. It\u2019s an investment, so stay calm and make wise decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Whether you are buying your first home or your last home, there are several things you will do right and some things that you may get wrong. One of our jobs is to help minimize the things that you may get wrong. Here are some tips for making sure the next home you buy is […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,1],"tags":[7,12,33,9,25,16,15,20,19,6,17],"class_list":["post-140","post","type-post","status-publish","format-standard","hentry","category-home-buying","category-real-estate","tag-bradenton","tag-home-buying","tag-home-maintenance","tag-lakewood-ranch","tag-luxury-real-estate","tag-manatee-county","tag-real-estate","tag-real-estate-agent","tag-realtor","tag-sarasota","tag-sarasota-county"],"_links":{"self":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":1,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"predecessor-version":[{"id":142,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/posts\/140\/revisions\/142"}],"wp:attachment":[{"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bridgettbyzewski.com\/real-estate-blog\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}