What no one tells you until it’s too late.

Buying your first home is one of the biggest—and most emotional—purchases you’ll ever make. It’s exciting, terrifying, and full of questions you didn’t even know you needed to ask. I learned a lot the hard way, and if you’re just starting your homebuying journey, here’s what I wish someone had told me.

1. The Mortgage Is Just the Beginning

I thought I had my budget all figured out until the HVAC needed replaced and the roof was damaged in the 2012 derecho, a word I had never heard before the storm hit! Beyond your monthly mortgage, you’ll need to budget for:

• Property taxes
• Homeowner’s insurance
• Utility bills (often higher than rentals)
• Maintenance and repairs
• HOA fees (if applicable)

Pro tip: Add at least 1–2% of your home’s value per year for unexpected costs.

2. Your Offer Shouldn’t Be Emotional

I got attached way too fast, which I am sure is no surprise for anyone who is part of my inner circle. The minute I walked into the house, I was already mentally moving in—and that mindset cost me. I skipped negotiation points, and ignored red flags, all because I didn’t want to “lose it.”

Here’s what I wish I knew: It’s okay to be excited, but don’t lead with emotion. Lean on your real estate agent to reel in your emotions and to help you make decisions based on facts: comparable sales, inspection results, repair costs, and your actual budget. A clear head now will save you from buyer’s remorse later.

3. The Inspection Isn’t a Guarantee

The home passed inspection, so I assumed everything was solid. Inspectors can only see what’s visible—don’t treat it like a full warranty.

Tip: Ask specific questions about the roof, foundation, plumbing, and electrical systems—and be present during the inspection.

4. What’s Going on Around the Neighborhood Matters More Than You Think

I fell in love with the house but did not do any research about the area. Turns out, they started a huge road construction project just outside the neighborhood not long after buying and traffic was a nightmare for over two years.

5. Don’t Skip the Commute Test

The house was only “15 minutes from work” on Google Maps… but that didn’t account for rush hour. After moving in, my commute doubled. Always test the drive at the times you’ll actually be commuting.

6. You’ll Second-Guess Everything

Buyer’s remorse is real. I went from euphoria to panic within days of closing. Was it the right house? Did I overpay? Should I have waited? It’s normal. Stick to your original needs, and trust that the initial doubt will fade as the place becomes yours.

7. There’s No Such Thing as a Perfect House

I passed on several good homes waiting for “the one”—and ended up compromising anyway. Prioritize what you can’t change (location, layout) over what you can (paint, floors, landscaping).

8. Renovations Always Cost More Than You Think

I planned a $5,000 kitchen refresh that quickly turned into a $15,000 project. Hidden issues, supply delays, and “might as well fix this too” moments added up fast. Always pad your budget—and patience.

9. Ask About the Neighbors

You can’t choose your neighbors, but you can try to meet them. Walk the block, visit at different times, and ask current owners what the community is like. One great neighbor can make a big difference; one loud one can ruin your peace.

10. Don’t Be in a Hurry—Wait for a Home That is Right for You

I rushed into buying because I felt like I should. Everyone around me was buying, and I thought I was “falling behind.” But homebuying isn’t a race—it’s one of the most personal decisions you’ll ever make.

What I’ve learned: Just because a house is available now doesn’t mean it’s your house. The right home will align with your needs, your lifestyle, and your gut. It’s okay to wait until you find one that truly feels like home—not just a place to live.

Final Thoughts

Buying your first home is a learning experience, and you’re not expected to get everything right. But a little more knowledge upfront can save you thousands—and spare a lot of regret. If you’re a first-time buyer, I hope this list gives you a head start. And if you’ve already bought your first home, what do you wish you knew beforehand?