Property
5 Common Mistakes of First-Time Home Buyers
By ValueChampion  •  September 19, 2019

There are a lot of important decisions to make before you can move into your first home. While it may be overwhelming to keep track of all of these issues, neglecting to do so can end up costing you thousands of dollars. We strongly recommend keeping an eye out for the following missteps in order to comfortably enjoy your new home.

Not Creating a Feasible Budget

Before you even start visiting homes, it's important to have a good idea of how much you can afford to pay for your new place. With that in mind, there are two cost categories to consider as a prospective homeowner. First, it is important to understand the upfront cost of a down payment. Those choosing to use a home loan from a bank will have to make a downpayment of at least 25% of their home's value, including a cash payment of at least

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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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