by Rita Mcconnell

Created on: December 20, 2008   Last Updated: April 18, 2011

For first-time home buyers, committing to a specific property can be stressful. Even worse is finding, after settling in, that your dream home is really a nightmare.

While it's almost impossible not to encounter at least one problem in the home buying process, here are some tips for first-time home buyers to consider when purchasing a home:

1. Hire a home inspector. A thorough home inspection will add cost to purchasing a home, but it could be the best investment first-time home buyers can make. A home inspector particularly if he or she is a professional engineer can point out issues with that potential buyers could easily miss, including rot, structural and foundation damage, electrical problems and plumbing problems. Inspectors can offer first-time buyers sound advice on when damage is fixable or a deal-breaker. Along with a realtor, inspectors can also help buyers negotiate repairs to be made in advance of closing, or additional discounts to the price of the home based on damage. When hiring an inspector, ask for and check out references, and be sure that he or she is properly licensed.

2. Scout the neighborhood. When purchasing a home, first-time home buyers should be sure to canvas the area before making an offer, considering more than the street the home is located on. Is it close to a noisy highway? Is a plant with stack emissions located nearby? What boarders the property? Do neighbors attend to their yards? Talk to township officials about proposed and approved developments in the area. Ask neighbors about the neighborhood. Count "for sale" signs on the street too many could be a sign. First-time buyers should also visit the home at various times during the day to check out traffic and other daily business.

3. Do research. The Internet has made it easy than ever for first-time home buyers to research prospective properties before purchasing a home. Check local newspapers for problems in the area. Look for articles outlining the types of crimes that occur in the area, if any. Visit Web sites that list child predators. Find out how far the fire and EMS stations are from the property, and look into the reputation of local schools. The most recent census numbers will show area demographics. Check out the homes builder or the neighborhood developer.

4. Take tests. Again, having a prospective home tested for specific problems will add to the overall home cost for first-time buyers, but it's better to be safe, particularly if children will someday be living in the home. If mining has occurred in the area, or it's known for natural resources like coal, natural gas or oil, have the house tested for radon. If the home was built before 1978, have it tested for lead paint, and be sure the inspector is certified.

Nearly all properties have histories or challenges that must be overcome. Careful first-time home buyers can protect their investment and be confident when purchasing a new home.

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