7 mistakes to avoid when buying your first property

1. Choosing the wrong home loan Given a new property is probably the most expensive purchase you’ll ever make, it’s important to shop around for your home loan.

2. Over investing It’s important to do your own calculations, not just accept the maximum your lender puts on the table.

3. Not considering the resale value At some point, you might want to sell up to relocate. Can you reasonably expect your home to increase in value so you can afford the move?

4. Being influenced by your emotions Once your emotions are in play, it’s human nature to take a “do or die” approach to buying and end up paying more than you can afford. 

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