How to Avoid Home-Buying Mistakes

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By Margo Airst
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Avoid Home-Buying Mistakes

How to avoid some of the most common mistakes in home-buying

Difficulty: Moderate

Instructions

Step 1

Do your homework! There is a vast array of sources available on the internet and otherwise on the subject of buying a home.
Step 2

Buy based on what fits your family. Don't try to anticipate what will happen to the market.
Step 3

Choose a great location. Even within a small area, location counts! If your dream house is on a busy street or next to a shopping center, it's not a great location any more.
Step 4

Don't overlook an inferior floor plan for great curb appeal. Sure, the exterior of the home is very important, but you're living inside.
Step 5

Have the home properly inspected in a resale. Hire a qualified, respected professional.
Step 6

If you're buying a new home, check out the builder's reputation. Ask current residents what their experience has been with the company.
Step 7

Take your time...This is a big purchase, and rash decisions lead to oversights and major financial consequences.