10 Tips Every New Home Buyer Should Know

The biggest investment many of us will make is buying a house, and mistakes can be costly. To help weed through the home-buying jungle, we've gathered the knowledge and strategies every home buyer should know before beginning the hunt.

By Stephanie Welch AlexanderMore in Home Improvement

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Photo 4 of 10

Photo 4 of 10Location is one of the most important factors when buying a home.

- Your Lifestyle
- Costs of Ownership
- Build or Buy
- Location, Location, Location
- After the Sale
- Added Taxes

Location, Location, Location(4 of 10)

A bargain is never really a bargain when located in a bad neighborhood. Sometimes lightning will strike and gentrification of certain areas will result in skyrocketing property value — but that's rare. It's better to take a chance on a smaller home — or one in need of repair — in a great area where the value will only rise.

Next Photo: Loan Types