17 June 2021

What to Look For When Buying a New Home

2021 is the year I decided to take the plunge and purchase my first ever home. With the process nearly coming to an end, I should be looking to move in within the next month or so. Now let me tell you, this whole process has not been easy. Don't get me wrong, I definitley knew it was going to be a stressful process, but I really think I underestimated just how stressful. When viewing houses, it's sometimes easy to get caught up in the excitement of it all, and not consider what you should be looking for or questions you should be asking. So hopefully, these little tips will help you know what to look for when deciding to purchase your first home:

Is It Within Your Budget?

Arguably the biggest factor when it comes to purchasing a property, is your budget. You have to consider how much the property is, how much deposit you'll need, how much you'll need for upfront costs, and how much your monthly repayments will be. Please make sure you're paying the right price for the property. It's easy to overpay which can cause a loss for you should you wish to resell in the future. To avoid this, you'll need to book a valuation which you can learn more about on the Grow Property website. After the property value has been determined you can then assess whether or not this will be within your budget.

The Location

Location is something else you'll have to consider when purchasing a home. And I'm not just talking about your street. You'll want to do a little bit of research to check for things like crime rates, local schools, transport options etc. You might also want to look at the current housing market trends in the area if reselling is something you want to do in the future.

The Finer Details

So you're viewing your dream home, and at first glance everything seems beautiful. However, please make sure you check the finer details of the property. You should check for things such as exposed wires, broken light switches, damp and mold, water pressure, drains and guttering, etc. All of these are examples of smaller things that can often be overlooked, resulting in the buyer having the pay out more money to fix these issues once moved in.

A Good Solicitor & Broker

And finally, getting yourself a good solicitor and mortgage broker will truly make all the difference when purchasing your property. My property purchase ended up being quite a last minute thing, meaning I was in a rush to find a solicitor and mortgage broker. And I've ended up having a few issues with my mortgage broker as a result. So please, do your research and have someone in mind that you're happy to hire once you've 

What tips would you give to first tie buyers looking to purchase a home?

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