looking to buy first house...any tips?

[Moxie]

Hmm, well some things vary by state. That said, here are a few things to watch out for:

Try to avoid a house on a corner lot. Often property taxes vary with the amount of footage touching the street. A corner house will have higher property taxes.

Try to avoid what I call a 'border house'. That's a house with a large amount of empty land directly behind it or next to it. You could purchase the house only to have a strip mall go up next to you in a few years.

Try to avoid a house that has neighboring houses much smaller or larger. If you buy a house and the house next door is huge in comparison, this will hurt resale value, because your house will look puny. If your house is huge compared to the house next door, your home value will probably wind up overinflated. Great at selling time, but your insurance and taxes will be higher in the meantime.

I hope this helps.

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Moxie Racing

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