Buying a new home can be an exciting process but first time home buyers can skip some important steps when buying a new home that can cause long term issues. Here are some common mistakes that you should avoid if you are in market to buy a new build home in Coppell ISD, Carroll ISD, Frisco ISD or Highland Park ISD.
Not getting an inspection - I don't care, new construction, resale even Mom's house (buying from family). Get it inspected... the piece of mind alone is worth it. In Texas, this will cost you roughly $500 or less. A good report might be 50+ pages. The key is to be informed, yet not be alarmed. There's always things wrong with a home, there's always things that might need to be replaced in the coming months or years. It's part of owning a resale home. If you are not comfortable with the idea of replacing an air conditioning unit in next 5 years, buy a new home!
Not shopping / interviewing - (HUGE!!!) Most buyers choose the first vendor they interact with, whether that's a real estate agent, lender, inspector, the list goes on. It's sooo worth it to get good people. Online shopping for people can be hit or miss depending on the profession. In general, stay away from mortgage people online, whereas you might only be able to find a good inspector by visiting ASHI (American Society of Home Inspectors) first. Do your research. And ask your REALTOR for recommendations!
Not working with a budget. - If you've been renting it makes sense to buy, but a lot of buyers just see what they can get vs what they can afford. It's very common to see first time home buyers end up "house poor" where they can't afford to furnish the home.
Not driving the neighborhood - Not driving from the neighborhood to work, or shopping, etc. Nothing worse than