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The 10 Biggest Home Buying Mistakes: Mistake 1-5

November 21, 2005 on 11:02 am | In Buying a Home |

David Weekley, CEO of Houston-based David Weekley Homes, is one of the country’s largest home builders. He has compiled a list of the 10 biggest mistakes people make when buying a home.

Mistake #1: Not Doing Your Homework
The old saying “knowledge is power” is so true and with the rise of the Internet there is a ton of information available to help prepare you to buy a home. So, there is really no excuse for going out unprepared.

Mistake #2: Trying to Make a Savvy Investment
You need to buy a house that fits the needs of your family. Don’t try to guess what is going to happen to the market in 10 years.

Mistake #3: Choosing a Poor Location
Is you home on a busy street? Is there a retail center out your back window? Choosing a house around a lot of hustle and bustle may wear on your nerves down the road.

Mistake #4: Overlooking a Inferior Floor Plan for and Attractive Exterior
The house you look at may have tons of curb appeal but you don’t do all your living in your yard. No matter how good the outside of a home looks you still need the inside of the home to be livable.

Mistake #5: Overlooking How the Home will Function for Your Family
How does your family really live? If you eat-in a lot you may want a nice big kitchen. Do you entertain enough to constitute having a formal dining room? Could you do some of your office work at home if you had a home office? The bottom line is that the house you pick should be functional for your family.