#2 Too Much House
When you buy a home you’ll get a monthly mortgage, but don’t forget about taxes, insurance and PMI (if you put down less than 20%). Do you have a lawn mower? A snowblower? Tools?
Expenses add up fast and as the size of a house increases so does the upkeep required to maintain it, in both time and money. Ask yourself if you need a 2600 sqft home or if you can be happy with 1900 sqft instead?