Buying a house is an exciting task. Successfully completing the purchase of a property can make one feel like a million bucks. But since the process is lengthy and challenging, it is easy for one to make mistakes at any point. These mistakes can be made by first-time buyers as well as experienced home buyers, and they can prove to be costly either way, impacting one’s overall finances and stability. Not sticking to the budget In several cases, buying a house is the single most expensive purchase one might make. This may lead to a desire to splurge on the property. But, with the amount of money involved in the purchase, it is important to have a fixed budget for the house, including factors like possible renovations and other costs. This will keep one from overspending while protecting their assets. Not hiring an agent A big mistake people can make while buying a home is directly contacting the person registered on the listing. As a buyer, this step can cost heavily. Chances are that the listed person is the home seller’s agent, who would want to get the best possible quote for their client. For buyers to find a deal that best suits their interests, hiring a buyer’s agent is important.