Your investment is too large to just “learn by experience”. For example, you will have to decide which type mortgage suits your needs the best. Your investment meaning downpayment. If you are considering purchasing a home priced at $100,000, then you would need $10,000 to $20,000 as a downpayment. Would you just hand that kind of money over to someone you didn’t know and have yet to trust? I am sure you would not without considering many things prior to doing it. A “learning curve” would not be the best approach.

The best approach would be to seek some training on the issues of every home. The realtor will show you a flowery picture and will try to cover up or pass over the imperfections with their profit in mind. You and you alone are responsible for discovering the imperfections and if you don’t, you are buying a house “as is”. Training will give you some creative ideas on negotiation for seller concessions.

Here is the guide that will best help you figure out some of the necessities in buying your “American Dream” or your first house smartly: Guide to Buying Your First House

Your rented space has a heating system so you are acquainted with “a” heating system. Do you know what the other heating system possibilities are? Do you know how important it is to change furnace filters and perform other maintenance tasks? Chances are, your landlord did most of the maintenance tasks for you.

How old is an old furnace? 10 years, 15 years, 20 years?
The truth is, if you have the furnace inspected annually by a licensed furnace dealer, it could last indefinitely. It may not be efficient or energy-saving as the newer models are, but nonetheless, it would be functioning.

I have discussed just one small issue why planning is important when buying your first house.

What To Look For When Buying Your First House

Happy House Hunting !

Norine Peardon