The One First-Time Homebuyer Mistake That HGTV's Page Turner Says Breaks Her Heart
Page Turner is a woman of many trades who knows a thing or two when it comes to making a return investment on a home. Not only is she a certified-in-multiple-states real estate broker, but she also hosted the series "Flip or Flop Nashville" with her ex, former NFL-er DeRon Jenkins. Now she is set to help out first-time flippers with her own solo show called "Fix My Flip," which airs March 10, 2022, on HGTV.
On her new show, Turner takes her expertise to new homebuyers in order to steer them away from making those rookie mistakes that could potentially sink the profits of a first-time flip. So if Turner is offering free advice and you can see yourself as a budding future flipper, then you had better listen up. In an exclusive interview with The List, she passes on nuggets of information like the importance of knowing the "market position" of a home before buying to make sure you get a good return on your investment. Or how opening up areas in the kitchen and bathrooms as well as creating intimate spaces in a house — like a home office — could add great value to your project. With her years of experience, Turner also has some wise words regarding one common mistake that first-time buyers can commit.
What's the one mistake that Turner sees new homebuyers commit?
As a house-flipping expert, Page Turner has made it her business to stop newcomers from making the same mistakes she did when she was green to the scene. She understands the importance of having someone who has already been-there-done-that to guide you through the process. In an interview with realtor.com, Turner revealed how not properly balancing the costs of a flip on one of her early projects quickly put her over budget by $20,000. She explains how having a mentor early in your career can be an invaluable tool to help you in the future.
So one of the mistakes she sees newbie homebuyers make that really breaks her heart is not properly working out their finances before committing to the purchase of a home. Factor in all of the costs to buying a home, including downpayment and closing costs, so that you are still able to make your monthly mortgage payments after the purchase. She advises new owners to "save as much as you can" and to look for programs that might be available to help with the cost of a downpayment. Hopefully, new owners can keep Turner's sage words in the back of their minds, so they don't make the same mistakes in their future projects.