#nzgirlhacks: 5 Things to Remember When Buying Your First Home

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If you are getting ready to buy your first home, you’re probably feeling incredibly excited about finally owning something of your own. However, it’s important not to get too caught up in the excitement that you forget the basics. These are a few of the main things that you should remember when buying your first home.

1. Don’t Overbuy

First of all, it is important to make sure that you do not overbuy. When you’re viewing homes, it can be easy to fall into the trap of wanting to overextend yourself just because you see a home that you really love. However, things can get tough if you move in and find that you can’t afford to make the payments on it each month. Your lender will probably use a calculator to determine the maximum amount you can borrow for a mortgage loan, but don’t assume that you should buy a home just because you technically can get qualified for the loan. Instead, lean toward the lower side of what you can afford; this will leave you more money in your budget for home maintenance and things like home decor, and it will help prevent your new home from being a major burden on your finances.

2. Make Sure You Know What You’re Getting Yourself Into

When buying a home, you’ll want to make sure that you know what you are getting yourself into so that there are no surprises. Make sure that you tour the home multiple times and that you take a close look to look for any problems. It is also imperative to have a home inspection done. Then, you can find out if the home has any issues that are going to cause you problems or cost you money later on down the line. In some cases, you can use the information from a home inspection to negotiate a lower price on your home as well.

3. Shop Around for Home Insurance

You are going to need home insurance to protect your investment and satisfy your mortgage lender. Make sure that you shop around to find the most affordable policy possible while ensuring that your home is amply covered. By shopping around, you can save a lot of money in policy premiums, and you can ensure that you are working with a homeowner’s insurance company that you can really count on in the event that something happens to your home, such as a flood, fire, earthquake or major storm.

4. Ask About Warranty Information

Warranty coverage on various components in and around the home, such as the heating and air conditioning unit, can provide you with peace of mind and can save you a lot of money later on if there are repair issues. A brand new home will probably have a lot of warranties in place. For a pre-owned home, this might not be the case, but some components might have transferable warranties. This is something that you’ll want to ask about before signing on the dotted line. You may also want to invest in an additional home warranty to help cover repair and replacement costs later on.

5. Plan Ahead for Furnishings and Landscaping

Once you buy your new home, chances are good that you’re going to want to personalise it a little bit and make it as comfortable as possible. This means that you’ll need to budget and plan for furnishings and landscaping for the home. Make sure that you leave money in your budget for these things, and start looking around to get ideas that will be suitable for your new home.


Buying your first home can be one of the most exciting things that you will ever do. When doing so, make sure that you remember these five key things. This will help you be as successful as possible in buying — and actually enjoying — your new house.



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Damien is very passionate about health, cooking, diet plans and anything that has to do with staying fit. He specializes mostly in real estate and home improvement as a writer. He grew up in Oregon but now is a resident of Salt Lake City, where he has fallen in love with the snow and the people.