10 Lessons I Learned When Buying A Home

10 lessons learned when buying a home

See this beautiful home at ComFree.com

Buying a home is an exciting experience but if you delve into it unwarily, it can be a disastrous endeavor. Being one of the biggest purchases people will make in their lifetime, it helps to know lessons that others have learned from their home buying experiences. Having this knowledge makes the process more enjoyable, less stressful and saves a lot of hassle down the road.

Be thorough when looking at properties.

When you are perusing homes in the double-digits, writing things down is a good idea so that you don’t forget what you saw in a particular home that you liked or didn’t like. Don’t rely purely on memory. This will keep you from questions later like “how many closets were there in the first home we looked at?”

Visit a lot of homes within your price range.

If you want to have a really good idea about what is available in your market, settling for the first place you see is usually not wise. That is, unless you saw 12 others after it and realized it was the best one after all. The point is, you need something to compare a home to.

Shop for home insurance quotes ahead of time.

Getting a final quote for the best home insurance policy requires a lot of thought and it is an important element to help secure your home loan. Start doing your research in advance to find great discounts and earn big savings. La Capitale, for instance, offers loans and home insurance and offers exclusive discounts if you become a member of their partner association. Look for credentials, accreditation and other home buyer’s recommendations when choosing an agency.

Be sure that you will be living in the area for several years.

One home that I bought was in a market where the home prices had hit bottom, so it was cheaper for me to buy a home than to rent one. But as a general rule, only buy in a location where you know you will be living for a while.

Check your credit history.

You will want to have a clean and error-free credit history before taking the step of buying a home. Be aware of what your credit score is before you decide to purchase a house.

Put as much money down as you possibly can.

While it’s true that you can still buy a home without having a 20% deposit, you want to ensure you’re your monthly mortgage payments aren’t astronomical, so do your best to save up as much as you can before you invest in a home.

Don’t become house poor.

Even if you qualify to buy a $800,000 home, that doesn’t mean that it is the kind of home you should shop for. You do not have to choose the most expensive home you are qualified to buy. The objective is to live comfortably and not struggle to make ends meet should you find yourself in an emergency situation.

Learn the lingo.

Get informed about the terminology that mortgage specialists and home technicians use. Being aware of the language will make you less likely to get taken for a ride.

Make sure the home is in a good school district.

This is important whether you have children or not. When you decide to sell the home, a good school system helps to maintain the value of your home.

Look over every document carefully.

A simple error like a typo or omitting a suffix like “Jr.” can cause delays. Make sure you and your lawyer go through the documents with a fine tooth comb before signing on the dotted line.

If you want to buy or sell a home, visit ComFree.com today.


  1. michael@michaelhachem.com says:

    You nailed it when you said learn the lingo. Many people use confusing lingo to get you to feel like they are the ones in charge. If there is something you don’t understand, just stop the conversation and ask questions. Always remember that your agent is there for you and no one else.

  2. Chris says:

    A home can become unbearable if it is placed near commercial property. Consider the safety, comfort and noise levels of the home and the surrounding area.

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