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10
biggest home-buying mistakes
David Weekley, CEO of Houston-based David Weekley Homes, is
one of the country's largest home builders and also the author
of a new book, How to Buy a Home Without Getting Hammered.
Based on 25 years of home-building experience
for 30,000 people, Weekley offers these 10 biggest mistakes
in home buying:
Not doing your homework. Knowledge is power.
Tremendous information is available on the Internet. There
is no excuse for entering the market unprepared.
Trying to make a shrewd investment. People
need to buy based on what fits their family. Don't try to
guess what will happen to the market.
Choosing a poor location.
Even within a neighborhood, location matters. Is
it on the busiest street? Is there a shopping center out the
back window?
Overlooking an inferior floor plan for an attractive
exterior. It may have gorgeous curb appeal, but you don't
live on the lawn. No matter how attractive the exterior, you
need a livable home.
Overlooking how the house will function for
your family. How do you really live? Do you really need a
formal dining room and living room? Would you be happier with
an eat-in kitchen and a great room and a den to use as a home
office? The house only needs to fit one family -- yours.
Not having the home properly
inspected in a resale. This is not the time for
surprises. Get an inspection from a qualified, respected professional.
Not checking out the builder's
reputation on a new home. Talk to three or four
people who live in the builder's homes and see what they have
to say. If one builder did all the houses in a neighborhood,
talk to the residents and get their input. (It's also a great
way to see what your neighbors would be like.)
Article continued at http://www.bankrate.com/brm/news/mtg/
20010322b.asp?page=default
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