Experts discuss common mistakes

It can be easy to be overwhelmed with excitement and angst when looking at a potential new house, especially for first-time home buyers. Experts urge buyers to first take into account all of the details that go into purchasing any property.

Pamela Messina of Messina Properties said one of the most important thing to consider when it comes to buying a house is whether the buyer is financially ready to own property.

"Pre-approval for a loan is the first step," she said. "But it is important, especially for first-time buyers, to know what their budget is."

Before closing any deals or accepting any loans, most Agents recommend hiring a licensed property inspector to provide a detailed summary of the home's condition and advise the buyer on any issues of which to take note.

"A home is one of, if not the largest, investment a person will make in their lifetime," said Steve Kelly, professional inspector and owner of Integrity Property Inspection Services. "[Buyers] need someone on their side to provide an impartial and unbiased opinion of the home's structural and operating systems. Armed with this information, you will have the knowledge to help decide if you would like to purchase the property."

Kelly recommends obtaining feedback from community members whose homes may have been built by the same builders. He also said it is vitally important to pay attention to the details. For instance, signs of fresh paint and patched or new concrete could be hiding previous repairs or issues.

"Regardless if you are building a home, buying an inventory home or buying an existing home, always do your homework," Kelly said. "Remember, just because you are buying a new home does not mean everything is perfect or up to code."