There are lots of myths out there! Many false rumors and myths about owning a home have stuck around over the years. Many of these are untrue and may mislead you into making bad decisions or mistakes when buying a home for the first time!
Here are 7 myths homeowners shouldn’t believe:
01. Inspections will solve/find everything – This isn’t true. It’s not really possible for the inspector to inspect every little detail of your home within a short time, and so some things may go overlooked. To help counteract this, be sure to do a thorough walk thru yourself!
02. New homes won’t need maintenance – No matter how new, homes can have issues. Or they will eventually; thanks to weather, aging, and the wear and tear of living within it. And, every home construction team works differently during the build of a home.
03. Remodeling or DIY’s are easy, fast,or cheap – Despite all the popular DIY tv shows where people go in and transform a “fixer-upper” home, the process is complex and costly. It can take a very long time. Oftentimes, behind the scenes of these homes is a very large team working on the project, not just the stars or the show. Be smart before buying a home that needs work.
04. All home renovations add value – Although many improvements have the potential to add some value, not all renovations do. Something you may see as a selling point may actually be a turn-off for buyers.
Affordability and finances differ from person to person, so it’s best to research what option is best for you and your current needs.
05. It’s cheaper to rent than own – This isn’t necessarily true. Although renting may seem more affordable in the short term, rent prices can (and will) increase whereas a fixed-rate mortgage is steady payments. However, affordability and finances differ from person to person, so it’s best to research what option is best for you and your current needs.
06. You can do what you want with your home and yard – Unfortunately, depending on where you live and the rules of certain HOAs, zoning requirements, and residential codes, you may not be able to do whatever you want. This can be the appearance of your house, how many vehicles can be present on the property, lawn restrictions, as well as structures on your land.
07. Any home can be “fixed-up” – As mentioned before, fixing a home can be a lot of work and very costly. Sometimes, some homes are just beyond repair, or beyond what’s actually worth repairing. Digging deeper into the workings of the walls, floors, or ceilings of a home often reveals there are more issues than you thought from the outside view.
Interested in starting your home search process? Click here to connect with a Sage & Cedar agent, learn about the process, and the current market!