Mistake #4: Buying a home without a professional inspection

If you neglect to get your home inspected prior to buying it, you may have to pay for additional repair expenses that may cause you to default on your monthly loan payment.

Paying for a home inspection is one cost associated with buying house that must be budgeted. It is like saving for a down payment. Don't start house-hunting until you have the money to pay for an inspection. Once you make an offer, it will need to be done in a short amount of time after making the offer.