We all know that buying a house is one of the most significant financial commitments that many of us will make during our lifetime. However, it is important especially as a first time buyer to not let this change your mind. We have teamed up with Estate Agents, Greenaway Residential to find out what their top tips are for first time buyers.
Choosing The Right Mortgage
As a first time buyer, the most important thing to bear in mind is whether you can afford the step. Before you even start looking for a property, make sure you have an idea of your budget, this is particularly important for the mortgage as nowadays there are strict checks in place. Make sure you don’t go for the first mortgage company you find, have a look around to see what options you have before making the final decision.
Check Out The Local Area
The location of your new home is one of the most important things that you need to consider, it’s all good falling in love with the house, but if you don’t like the location then you will never be truly happy. Asking the neighbours can also be beneficial as if they have lived there for a while then they will know quite a lot about the area and they will be honest with you as they don’t have anything to lose.
Furthermore, many prospective homeowners may feel more comfortable if they make the decision to purchase a home in a neighborhood that has a homeowners association (HOA). When you buy a home here, you automatically become members. Better still, when you get elected to the board, you will have the opportunity to enforce rules and regulations such as the Davis-Stirling Act in California (if this is where you reside) to ensure that everyone follows the rules that have been set out. By doing so, you may find that your area becomes a much safer place to live, which will be so important to many new homeowners.
It is also necessary to factor in the intrusion of wild animals on your property as well. Several localities, such as suburban areas, tend to be situated near forests. So, a viable solution to that would be to discuss with nearby Fence Companies to set up a border best suited to your house and the surrounding areas. Besides, it could also offer you privacy and a certain level of security, especially if you have little children.
Find Out Why The House is For Sale
Knowing this is crucial when making your final decision, it is good to know whether the owners are motivated sellers who want to move quickly or whether they are just seeing what interest they can get on their home. If they are looking to sell the house quickly, then it does provide you with the opportunity to offer a lower price.
Think Home Improvement
Before closing any deal, get a fair understanding of the home improvements that you may need to opt for. If they are too many in number, then it may prove to be a costly affair on your part. However, if the home needs only a few things to be taken care of such as the porch built with the help of a Porch Builder, the backyard renovated, or the roof fixed, then you know that it is a great deal that you should not let go of.
Is Anything Included Within The Sale
A lot of people get worried about asking this question, but it can be very useful to know, especially for first time buyers. For example, the sellers could be including a dishwasher or a washing machine within their sale, and having these essentials can make the move feel a lot smoother and releases the stress of you having to buy household goods yourself.
Like every situation, there are always areas that you need to consider and look into, but we hope the steps above help with making your decision on your future.