| First time home buyers are often the victims of their | | | | instead. Buying your first home is about getting unto |
| own ambition. Buying your first home is a big first step | | | | the property ladder and that's it. In two or three years |
| in life and because its such a sizable investment it can | | | | time you will be able to actually afford your dream |
| quite literally put you ahead or knock you back in life. | | | | home and buy it quite comfortably. |
| While most people think they know how to evaluate | | | | - Impulse Buying |
| the value of a property, very few actually do because | | | | I'm sorry to say this but women are especially guilty of |
| they lack the financial management skills to evaluate | | | | this. So often the wife will fall in love with a house and |
| the true value of the investment. | | | | want it immediately. Impulse buying is fine when you |
| There are 3 very common mistakes that first time | | | | buy shoes but when you buy a property you need to |
| home buyer make and these are responsible for | | | | make a very calculated decision. You need to weigh |
| some of the worse investment decisions ever made. | | | | up all the issues and decide whether its a good |
| make sure you stay well clear of these and treat this | | | | investment or not. Impulse buying will almost always |
| investment with caution and respect. | | | | cause you to pay too much for something that isn't |
| - Buying Their Dream Home | | | | really as good as it looks on the surface. |
| One of the biggest mistakes that first time buyers | | | | - Listening To Novice Advice |
| make is to buy their dream home. Although there is | | | | When it comes to any investing you should never lend |
| nothing wrong with the idea, this usually leads to | | | | your ears out. Far too many bad investment decisions |
| couples over lending and extending their budget to the | | | | is the result of an uncle or a friend or even a real |
| very limit. the consequence is that they can hardly | | | | estate agent's "tip" or "insider advice". If you have to |
| make the monthly mortgage payments and having a | | | | listen to someone, find real experts that won't gain |
| tough month can really push them into the red | | | | financially from your decision and listen to them. Good |
| financially. This is really dangerous as it puts you on the | | | | investments is all about getting good advice - |
| back foot from day one. Treat it as a stepping stone | | | | especially if you are not an expert yet. |