Financial Mistakes To Avoid When Buying A Home

There’s a good chance that you are going to be living next to your new neighbors for a very long time, so you will want to make sure that you don’t end up regretting investing all of your hard-earned money into a home where you and your neighbors don’t get along.

As a real estate agent, I always speak to the neighbors, when possible. If I’m out showing a home to clients or holding an open house and I happen to see someone tending to their garden, taking out the trash, or walking their dog, I’ll ask them if they like living in the neighborhood. You will be surprised at some of the answers that you’ll get if you just take the time to ask. I once helped a client dodge a huge bullet when the neighbor told us of the sober living home that was across the street. My client had young children and she decided to look at other homes in the area that would be more family-friendly.

There’s not much you can do if you end up buying a home next to a group of young adults that throws wild parties twice a week or if your neighbors have dogs that bark throughout the night. This is not a situation you want to find yourself in as a new homebuyer since you won’t be in a good financial situation to be able to get out of it.