
As I was saying, watching shows where people look for homes and then "hating" on them is one of our favorite pass times. CLEARLY it is just jealously but still, the cohab and I are really convinced we are smarter than the average buyer, even though we have no experience with real estate and have never owned a home. STILL! These dumb dumbs that go house shopping...yikes. I thought I'd compile a list of the top mistakes I think these people make when they're "house hunting" and that I would (of course) have the logical mind to never do (ha, I know I'll be laughing at this post later in life).
1. Shopping out of their price range (and inevitably falling in love with their "dream home" that they don't need) and then selling their souls to get that home.
2. Being turned off by carpet, paint, clutter, decorations. DUH! This is the #1 rule of house hunting! Don't let minor cosmetic changes mask what might really be there! Add the cost of the improvements onto the price tag. I would expect with a first home that you may have a little work ahead of you (not a lot, but some, imo).
3. Thinking they need their first home to be their dream home. Granted, I want my starter home to be one that I love, but I don't expect it to be my dream home right out the gate.
4. Compromising on pretty much everything to get MORE SPACE. What. Is. Up. With. That. I mean, we live in about 8-900 glorious square feet, and I want a walk-in closet more than anyone. BUT - why do people always sacrifice everything they want once they get a taste of a giant bathroom?
5. Compromising on the location. Same thing. It seems like a mistake to move further away from public transportation just to "get more for your money". I see how that seems logical, getting more square feet per dollar, but your property is instantly less desirable if it's in the boonies! (maybe that's just me though).
I admit that when the day comes that we are ready to house hunt, we'll have a budget and that budget is going to dictate most of our decisions, and I'm sure compromising on this and that to not live in a run-down shack is going to make total sense. But more often than not we're just yelling at the TV watching people get all excited over GRANITE and turned off by a 70's light fixture. Drives me crazy!
What mistakes have YOU made, or do you think other people make when they buy?