Sam's Home Buying Tips

How to Avoid the 10 Biggest Mistakes Buying a New Home

Mistake No. 7 – Not Staying Organized from the Start:

Who Can Remember the Details?

Once the home buying process begins, it’s a common mistake to simply start looking at lots of properties without any system for comparing them. Many people simply rely on memory or cryptic notes. This can be particularly problematic over an extended time period when it’s easy to confuse the many different homes visited.

A lot of stress can be removed from the home buying process by starting immediately with a consistent method for comparing critical attributes across all properties of interest visited. This section of the guide provides a ‘Property Comparison Table’ that allows you to list each property visited and assign a score of 1 to 10 for critical attributes by summarizing prior checklists from sections 2 through 6. A guidance chart for scoring each checklist attribute relative to your needs is also provided below. Note that a 'one' indicates completely unsatisfactory and a '10' means outstanding.

Checklist Subject

Score 1-3

Score 4-7

Score 8-10

Neighborhood Neighborhood does not address any of your major needs. Neighborhood addresses some of your major needs, Neighborhood addresses most or all of your major needs.
Site Numerous concerns about condition and maintenance requirements. Some concerns about condition and maintenance requirements. Site is in great condition with no obvious maintenance concerns.
Exterior Numerous concerns about condition and maintenance requirements. Some concerns about condition and maintenance requirements. Exterior is in excellent condition with no major concerns visually obvious.
Interior Numerous concerns about condition and quality of materials and finish. Some concerns about condition and quality of materials and finish. Excellent quality materials and finishes with no obvious concerns.
Performance Very high utility bills and significant concerns about quality of heating and cooling system, construction, and insulation levels. Moderate utility bills with some concerns about quality of heating and cooling system, construction, and insulation levels. Low utility bills with high-performance heating and cooling system and very energy efficient construction.
EEBA
EEBA