1) Failing to plan for the future – Even if you think you will live in your new house for the rest of your life, you should still plan your exit strategy. If, for some reason, you needed to sell your home, would you be able to? And, if you could sell the home, would you make any profit from it? Be sure to talk with your real estate agent about buying a home with resale value so that you can plan for any problems that may come up in the future. He or she should be able to tell you what to look for (and you can read our blog “Finding a Home with Resale Value").
2) Not checking the Covenants and Restrictions – Some neighborhood Homeowners Associations are stricter than others. An active HOA can be good (it can keep your neighbor from painting his house Pepto-Bismol Pink). But, if you want to store your boat at your house, add on a garage, or install a privacy fence, be sure to check with the HOA in the neighborhood before you buy. If one of the neighborhoods you’re interested in doesn’t allow your boat, for example, you can either price boat storage elsewhere or look in another neighborhood.
3) Not getting all agreements in writing – So that all parties will do what they say they are going to do, it is important to get these claims in writing. Your real estate agent may get the builder or the seller to sign written addendums in order to protect your best interests during the home buying process.
4) Neglecting to perform home inspections – When your real estate agent writes your contract to buy a home, he or she can include an inspection contingency. This contingency gives you a way out of the contract if the home inspection reports more repairs than you want to make. A termite inspection is usually required by your mortgage company, but a regular home inspection is usually not required. We recommend getting this standard home inspection so that you know the condition of the home before you buy it. So, if there are serious foundation problems that you did not notice earlier, your inspection contingency can get you out of the contract (and usually without any penalties).
5) Forgetting to do a final walk-through – You have an opportunity to walk through your new home right before you officially buy it. Usually the final walk-through takes place the day of or the day before your closing. Chances are that when you first looked at the home, the seller was still living there. So, during the walk-through you can see the home completely vacant and ready for you to move in. You can see for yourself that there are no problems with the house before you close on it. Also, if you know that you will not be able to go to your final walk-through because of a flight schedule, etc., you can ask your real estate agent to go instead.
Now that you’ve read five mistakes made by other home buyers, you shouldn’t make them yourself! Learn from other people’s mistakes so that you can have a good home buying experience!
First Home Buyers Programs
1. A sense of historic connection resonates with buyers today. French, English, Tuscan and Spanish homes with stone or stucco walls, tile roofs, iron fixtures, heavy beams and rustic floors are in demand. Old world styles are in demand.
2. The Craftsman style, built in the early 1900's, is back. Rustic stonework, deep eaves, tapered columns and wide trim, reflect the handmade look over the mass produced.
3. Farmhouses and country homes are sought after for remodeling and are a source of ideas for new homes. Wood windows, simple floor plans, local stone and muted colors connect with nature and earlier times.
4. The retro look is fashionable, and a great fit with fashionable mid century modern furniture styles. Younger folks are breathing new life into their parent's ranch styles and split levels from the 1950's.
5. Urban modern is everywhere, with experimental use of space, color, tile, glass, plastic and metal.
6. The preferred ceiling height is about 9 - 12 feet. Two story ceilings are out. In small rooms these feel like towers.
7. Lots of floor level changes are not desirable. These can cause tripping and are not pleasant to live with.
8. Most buyers today want at least two living areas and four bedrooms. Formal dining rooms are still in demand. Formal living rooms are often converted to studies, libraries, or guest rooms. Media rooms are a sought after feature when price range allows.
9. The visual and spatial connection between kitchen and family room is firmly established.
10. Cabinet space is required for large televisions and wall space is needed for the newer flat screens.
11. Three car garages are in demand, especially in areas without basements.
12. Structured wiring is important today for internet, phone, cable and sound. Desk space for computers, fax machines, printers, etc. is required.
13. Good access to the outdoors is a basic design requirement. French doors combine access with light. Sliding glass doors are not as favored.
14. Lots of storage is needed for today's lifestyle. People have lots of stuff. Huge master closets, pantries, laundry rooms, and extra storage closets are expected.
15. For some people, very spare lofts are perfect. Simplified spaces are an antidote to today's complex lifestyle.
16. Most buyers are savvy about kitchen design and appreciate good work spaces with easy access to range, refrigerator and sink. Lots of counter space, deep drawers, two sinks, nearby extra refrigerator, and butler's pantries are all desirable features.
17. Stainless appliances are still in vogue. In urban modern styles, white and colored appliances are back. High end homes conceal some appliances in cabinetry.
18. Eat-in kitchens, with breakfast bar or room for a small table, are a basic requirement for most buyers.
19. Antique tables or cabinets are being refurbished and used as bath cabinets. Kitchen cabinets that look like furniture are a great look.
20. Granite and stone counters are popular. However, granite tops added to 1980's cabinets do not go over well. Consider your architectural style before adding features. Concrete countertops are perfect for ultra modern, but are not a mainstream feature.
21. Built in refrigerators are desired. Wide, cabinet depth refrigerators have a built-in look, and are not as expensive as the true built-in type.
22. Large rustic stone or ceramic tiles, concrete or wood floors have a warm, functional appeal. Subway tile (3" x 6") is popular in bathrooms and on kitchen backsplashes. Patterned cultured marble and laminate are out. Slippery, white floor tile is out.
23. Generous trim is a much appreciated upgrade. Wide, baseboards (6"+), and door and window trim (4"+) are key features in old European and American styles.
24. Craftsman style doors work well with both old and modern looks. These are simple square frames with flat panels. Iron or heavy wood entry doors make strong statements that buyers love.
25. Rustic finishes on hardware, such as brushed nickel, oil rubbed bronze, weathered brass, and other non-shiny finishes are the popular choices.
26. Rustic wood beams or wood covered ceilings create a hand crafted, primitive look that buyers like.
27. Wrought iron gates, stair rails and light fixtures compliment the rustic style. Stair rails in ultra modern homes may be wire, pipe or painted metal.
28. Front porches and covered patios are always a strong selling point. Outdoor fireplaces are popping up everywhere.
29. Re-claimed wood used on floors or walls is very desirable. New wood floors that have been distressed or scraped are valued. A variety of wood boards with cracks exposed are being used instead of traditional wood flooring.
30. Bamboo floors are popular, especially in modern style homes where light colored floors are desired.
31. Concrete floors - often stained and scored are popular. These go well with the modern look, and are used in Craftsman and rustic European styles too.
32. Colorful laminate floors are a good fit with mid-century modern. Laminate floors that look like wood are out. Parquet floors are out, unless they are hand crafted.
33. Framed or hung mirrors are preferred, although plate glass works in ultra modern styles. Mirrors used on walls or ceilings are a turn off.
34. Colors are in, but soft is the word. Soft greens, yellows, earth tones and creams create a serene background that works with all styles. Complex colors, with more colors in the mix, are a more interesting choice. Deeply saturated colors, such as plums and reds, are used in moderation.
35. Flat paint on walls hides flaws and creates a designer look. Shiny is out. Soft whites are safe for trim.
36. Faux finishes are out. Often these do not turn out as well as expected, and are difficult to maintain. The same (or similar) wall color through adjoining spaces creates a more spacious feeling.
37. Historic paint colors such as sage greens, beiges, muted yellows, and grays work well on the exterior. Bold or harsh colors are a turn-off to most buyers.
38. Wallpaper is problematic and harder to change than paint. Very often it does not fit the buyer's taste. Heavily textured walls and popcorn ceilings are totally out.
39. Buyers want more windows, natural light, and a greater connection with the outdoors. People today are more discriminating about the quality of light. Windows on two sides of the room balance the lighting and reduce glare.
40. One light in the middle of the room will not do. Under cabinet task lighting is appreciated. Security lighting is important. Wall sconces offer soft ambient lighting. Recessed cans provide area light. Dimmers help to control the lighting.
41. Light fixtures are a decorative element in all styles. Retro fixtures are interesting decorative features in 1930's craftsman and 1950's ranch styles.
42. Clean, modern fixtures, such as pendant lights, recessed cans, and wire string lights compliment the urban look. Industrial metal fixtures are in. The un-decorated look of metal or stainless steel is being used with modern and rustic styles.
43. Heavy drapes are out. Light cotton, linen or silk drapes are used. Or, wood blinds. Or nothing. Retro woven wood blinds have made a comeback. Mini blinds are very yesterday.
44. Bath fixtures are finished in rustic bronze, nickel, or chrome. Old style two-handled faucets and farmhouse sinks are in style.
45. Bath sinks may be glass bowls, granite, stone, stainless or traditional china. Free standing tubs are in. Pedestal and wall hung lavatories are in. Cultured marble is out.
46. With fuel costs going up, energy efficiency is important. Buyers want high efficiency AC, good insulation, low-e glass, programmable thermostats, double pane windows, and ceiling fans.
47. Effective passive solar orientation is a great advantage. It shows a smart planning and use of natural solar energy. No one wants foil on windows or stick-on window film.
48. Instant hot water is a perk that buyers like, as are drinking water filters.
49. Do remove solar screens when they are not needed, such as under patio roofs, porches or shade trees. Light is more in demand than ever.
50. Screened porches are back. They create a fun, multi purpose space that is both indoors and outdoors.
Both Lee Keadle & Roselind Hejl are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Lee Keadle has sinced written about articles on various topics from Liposuction, Home Buyers Guide and Real Estate. Lee Keadle is a full-time real estate agent in Charleston, SC. Search our to find. Lee Keadle's top article generates over 9900 views. to your Favourites.
Roselind Hejl has sinced written about articles on various topics from Real Estate, Home Improvement and Buying and Selling Home. Roselind Hejl is a Realtor with Coldwell Banker United in Austin, Texas. Her website - - offers homes for sale, market trends, buyer and sel. Roselind Hejl's top article generates over 22200 views. to your Favourites.
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