Falling in love can be a wonderful thing. It enables you to see the inner beauty of another person and it makes you happy to be alive. But falling in love can also be a bad thing – it can blind you to someone’s faults and make a fool out of you. In much the same way, when a first-time home buyer falls in love with a house, it could be their worst financial mistake, especially if they stubbornly ignore the sound advice of experts.
Some people seek out homes they feel an emotional connection with. That’s fine, but you should still be careful when you find your “dream” home. Think about how you’re going to feel when the honeymoon phase is over. You might ignore its idiosyncrasies now, but as a first-time home buyer, you may suffer remorse when you have to deal everyday with creaky floorboards or a cramped kitchen.