Common Pitfalls to Avoid When Buying Your First Home in Savannah

Learn from other buyers’ mistakes, from inspection issues to financing snafus.

Buying your first home in Savannah is exciting, but the process can be filled with unexpected turns. Between the region’s historic architecture and complex zoning quirks, even savvy buyers can miss crucial steps. Here are the most common pitfalls to avoid so your closing day feels like a celebration, not a cautionary tale.

1. Skipping the Historic-Specific Home Inspection

Savannah’s charm often comes with age. Many first-time buyers fall in love with 100-year-old homes in areas like Thomas Square or Ardsley Park, but forget to factor in the cost of repairs. Always hire an inspector who’s experienced with older homes. Look out for galvanized plumbing, outdated electrical panels, and structural settling.

2. Underestimating Flood Zones

Much of Chatham County is low-lying. First-time buyers are often surprised to learn they need flood insurance, even if the property doesn’t feel “on the water.” According to FEMA data, some neighborhoods in the 31404 and 31410 zip codes are especially flood-prone. Before you fall in love, check the flood map and get a quote for insurance.

3. Waiting Too Long to Secure Financing

In a market as competitive as Savannah’s, being pre-approved can make or break your offer. Median home prices in Chatham County rose to $335,000 in early 2025, with well-priced homes often going under contract in under 7 days. Without financing in hand, you could lose your spot to a cash buyer or someone who came prepared.

4. Overlooking Closing Costs

Many first-timers focus solely on the down payment and forget to budget for closing costs. In Georgia, these fees often range between 2% and 5% of the purchase price. That means you could need an additional $10,000 to close on a $300,000 home once you factor in taxes, insurance, and lender fees.

5. Not Thinking About Resale

Your first home doesn’t have to be your forever home, but it should still be a smart investment. Before you buy, consider how the neighborhood is trending, how long homes tend to stay on the market, and whether any major developments are planned nearby. Areas like Baldwin Park and Windsor Forest have seen steady appreciation over the past few years.

Final Thought

First-time buyers who do their homework and surround themselves with a solid agent, inspector, and lender are more likely to end up with a home that’s both beautiful and financially sound.

Contact Us