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5 common home buying mistakes

Buying a new home can be stressful but it's also one of the most rewarding experiences a family or individual can go through. Of course, it's one of the biggest financial decisions that you'll ever make; so it makes sense that you'll want to take time deciding on the perfect house. Once you find the perfect house, however, you want to make sure that you ask the right questions so that you can avoid as many problems as possible.

These five mistakes are some of the most common ones that people make when buying a home. Make sure that you don't repeat their problems.

  1. Ignoring standing water. Standing water in a yard is expected immediately after a storm, but if it hasn't rained in a while, then you need to be suspicious of any puddles. Standing water can mean that a water pipe is broken or that there is a drainage problem. Either way, it's crucial to make sure that the problem is taken care of before you move in and have to deal with water damage.

  2. Skipping the security system. Security systems do a lot more than protect your home from thieves. They can also monitor fire, carbon monoxide, and provide remote control options that allow you to monitor your utilities and heating and cooling systems while you're away. For a small amount of money each month, you'll get a lot of protection. Furthermore, many people can get discounts on their homeowner's insurance when they activate a system.

  3. Not looking at the tile. Floor tiles are in a lot of higher-end homes, but not a lot of people pay too much attention to them. Cracked tiles, however, can indicate problems with the foundation. While this isn't always the case, if there are several tiles in a row that have a continuous crack you will want to consider having a structural engineer take a look at the house. Even if you notice the cracks after you buy, getting things fixed now is a lot cheaper than fixing them later on.

  4. Ignoring the roof. Hardly anyone ever thinks about their roof until it starts leaking. The problem with this is that by the time water gets into your new home, it has probably done thousands of dollars in damage. Instead of waiting for your roof to fall in, have a roof inspector take a look at it. It won't cost too much, and you'll know exactly what you're dealing with.

  5. Going crazy with the redecorating. It's very tempting to want to replace all of the flooring, paint, and furniture in every room of a new house, especially when the previous owners haven't updated anything for years. Too many people have discovered, however, that when they don't have a plan, they end up spending way too much money and wasting a lot of time. Instead of starting everything at once, come up with a well-reasoned plan and budget of how you want to make changes and improvements.

    There are a lot of people who buy houses, but many of them make mistakes that cost them thousands of dollars and a lot of time. Follow this advice, and you'll be on the path to avoiding these errors.

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