Sign In
  • Best Buys
  • Household Money
  • Banking & Borrowing
  • Mortgages & Home
  • Saving & Making Money
  • Rights, Scams & Politics
  • Motoring & Travel
  • Investing & Pensions
  • Savings & ISAs
  • Features
  • Compare

Expensive mistakes people make when buying a home

Potential house-hunting pitfalls to avoid
Failing to get pre-approval
Overlooking current market trends
Not negotiating the price
Not putting in an early low offer
Skipping professional inspections
Failing to negotiate repairs
Being scared to commit early on
Holding out for the perfect home
Only looking online
Buying the wrong fixer-upper
Looking at only perfect properties
Focusing on the finishes
Not being registered to vote
Not improving a bad credit score
Underestimating overall costs
Not using a mortgage broker
Using the wrong solicitor
Being confused about leasehold and freehold
Getting the wrong mortgage
Overspending
Ignoring your head for your heart
Putting down a small deposit
Not thinking about your next step
Rushing in
Compromising (too much)
Not checking building regulations approval
Buying a non-standard property
Not thinking about the resale
Not considering the neighbourhood
1 of 30
fizkes/Shutterstock

Potential house-hunting pitfalls to avoid

House-hunting can be a fun and exhilarating experience, but it can also be a very stressful process that's fraught with pitfalls and hidden costs.

Nobody wants to waste money during the buying process, but unfortunately, many of us fall into the trap.

From failing to understand current market trends to skipping professional inspections, click or scroll through some of the most common costly mistakes people make when buying a new home...

Gallery view |
List View

Abby Driver

10 October 2024

Investing

See more on this topic

Share the love