5 Things I Wish I Knew Before Buying My First Home

5 Things I Wish I Knew Before Buying My First Home

1. There’s More to the Cost Than Just the Price Tag

It’s easy to focus on the purchase price, but there are so many extra costs that sneak up on you—closing costs, land transfer taxes, lawyer fees, home insurance, and even moving expenses. And don’t forget about ongoing costs like property taxes and maintenance! Make sure you budget for more than just your down payment.

2. Your Mortgage Pre-Approval Isn’t a Guarantee

Getting pre-approved for a mortgage is super helpful, but it doesn’t mean your financing is locked in. Lenders will do a final check before closing, so avoid making big financial changes—like quitting your job or taking on new debt—until after your home is officially yours.

3. A Home Inspection is Worth Every Penny

We know, it’s tempting to skip this step, especially in a competitive market. But trust us, a home inspection can save you from major headaches (and expenses) down the road. You don’t want to find out about a leaky roof or faulty wiring after moving in!

4. The Right Realtor Makes All the Difference

Having an agent who truly understands your needs (and isn’t just trying to make a sale) is key. A good realtor will guide you through the process, point out things you might not notice, and help you navigate negotiations. We often find ourselves advising more people not to buy a house than encouraging them to make a purchase. The right support can make your home-buying journey way less stressful.

5. Think Beyond Right Now

When you’re house hunting, it’s easy to get caught up in what works for you today. But consider where you’ll be in a few years—will you need more space? Is the neighborhood right for your future plans? Buying a home is a long-term investment, so think ahead!

Final Thoughts

Buying your first home is a learning experience, but with the right prep (and the right team on your side), you can avoid common mistakes and feel confident in your decision. If you’re thinking about buying, we’d love to help—let’s chat and make sure you’re set up for success!