The Mistakes Usually Happen When Someone Buy First Home

You buy the first home is interesting. No more rent payments to the owner to make money for other people. Instead, you will buy your own home and investing in yourself. Money to pay for your home mortgage real investment in the future. This is not surprising that the first time home buyer is very happy, sometimes so happy that they make mistakes. There are some common mistakes that first time home buyers, with the knowledge and direction can be avoided.

First, it is always better to research the housing market and see what is already there. Yes, the first house you see it May be perfect, but there are other people out there for sale also. Be sure to see at least a few before deciding on the one you want to buy.

Watch the cost of the home, you will not be swayed to think that you can not barter down the cost of the home, you may be able to.

Insist on home inspections by qualified inspectors. There are many people who will provide home warranty when you buy their house and try to sway you should check the house.

Having home insurance is important, and many first time home buyers just do not know that they must be able to get one or when they buy an old house. Home insurance product is not new, they have been around for years, but many people think that they are only for new home, not realizing that they can be purchased for an old house as well.

A home insurance makes sense of security when you buy an older home - you do not know the house very well until you have lived in it. A home insurance (warranty) protects the first time home buyers from the cost of repairs and replacements that may appear. First time home buyer can make a big mistake if he does not understand that if something goes wrong, they are responsible to fix it. There is no owner to call and bear all costs for them. This is one of the main reasons that it is important to invest in home warranty when you buy an older home. If there are major improvements need to occur, most often the home warranty will cover the costs, so have a house worth more.

When you look for a home warranty, it is important to have a basic understanding of what you want. When you speak with an agent, there are many questions that you need to ask you to ensure you get what level of security. Questions to ask include:

What is covered with a home warranty? Most electrical systems, plumbing systems, heating systems, cooling systems / AC, and the application included in the primary insurance.
What is excluded from coverage with home insurance? Most often this includes the water outside the room, including the sprinkler system, faucet repair, hot tubs, swimming pool, spa, and the cost of hauling away debris and old applications.

What is the price / premium? How much will you pay for home warranty?
What has been reduced on the home warranty? The deductible is how much you will have to pay when you make a claim. Most deductible is $ 50, this amount will be deducted from the overall cost of the reparations paid by the insurance company.
How long is the warranty on to? Most home warranties offered in the one-year terms.

Is the assurance is renewed at the end of the term? If you purchased yourself as a buyer, possibly renewed. But, if the seller purchased the home warranty will not be renewed.


What are the terms of assurance? When will be the assurance void? Usually if your item has been misused, or if it is not up to code or not installed correctly, then the warranty will be void and will not cover all repair.
How to handle claims?
How do I make a claim?

With the above information, the first time home buyers can avoid some of the serious mistakes that are usually made, and then through the purchase of a house knowledgeable and safe from falling out of the potential serious error. Errors such as those listed above that can be the first time home owners in serious debt to pay for the improvements they are not prepared to finance. Have their own home is very exciting, especially a first home, but make sure you enter with the eyes open, and secure your financial plan for the future will cause problems with one of the main components of the house.