Thinking of
Buying a Home for the First Time?
A
fter being in the real estate business for almost 25 years I’ve heard so much feedback from first time home buyers on things they wish they had done differently when purchasing their 1st home. I thought I’d share a few of those with you if you’ll be shopping for your first home this spring. One of the biggest complaints I hear most from first-time home buyers is that their new homes turned out not to be enough space in a much faster time frame than they originally anticipated. When you’re buying your first home you may be used to living in a small apartment or even still having a room at home with parents, so it’s easy to get ahead of yourself and think you’ll be content with only one bathroom or minimal closets. As expected most first-time home buyers start
32 TRACY ELLIS: REAL ESTATE MAGAZINE
their family and or add pets to their home and quickly realize they need more space. Another regret we often hear is that although they bought homes in neighborhoods they could afford at the time, they wish they had purchased a home that didn’t check all the boxes on their wish list thinking this could have allowed them to purchase a home in a better neighborhood. Thinking that this would’ve allowed them to make improvements to their home as their family grew and their income increased and not price themselves out of the neighborhood. Being a first-time home buyer and not used to the cost to upkeep a home, many buyers aren’t prepared for the extra costs unexpectedly added to their budget. Some buyers feel they overspent on their first home and weren’t prepared for home maintenance on top of the