Connect with us

Home Improvement

5 Steps To Buying Your First Home

buying home

So you’ve had enough of the renting life and have finally decided to put pen to paper on that new home you’ve always been dreaming about. While it’s usually a pretty exciting transition, it’s only natural that you are a bit daunted by the prospect of venturing into the unchartered territory of homeownership. To ease that journey, here are five general-rule-of-thumb steps to help you out:

1) Research

Research

Knowing is half the battle and that is exactly the case when it comes to buying a home so don’t forget to do your homework. It’s also important to put your finances in order-through savings and whatnot- so that acquiring a home loan doesn’t become a hassle. Be sure to find out from your mortgage broker just how much you can borrow and the type of loan and repayment plan best suited to your case. Fees may vary from one area to another which may necessitate the application of additional charges or incentives. Usually, lenders will require about a fifth of the property’s value as deposit so set your saving goals somewhere around that mark.

2) Picking out a good Home

vintage

Once you’ve got your finances figured out you can delve into the task of house hunting. Looking for a new home can be overwhelming given the sheer number of properties for sale on the market but you can narrow down that search parameter considerably by determining the kind of life you prefer- the inner-city or out-of-town-lifestyle, how much money you are willing to spend and the kind of design that tickles your fancy. Also, does the house come with the land? This is an important question that could also influence your purchase depending on what you’re looking for.

Fortunately, you don’t have to undergo the horrors of house hunting alone as that’s exactly what a real estate agent is for: to help analyze the properties in accordance with your preference and budget.

3) Getting ready

After submitting your offer or bid (in case of an auction) it’s time to conduct pest and pre-purchase building inspections. Enlist the services of professionals and don’t solely make a judgment off of what you see because the devil lies in the detail and the experts can help pick out those seemingly unnoticeable discrepancies. What’s more, possession of such details will help swing the value negotiations in your favor.

4) Buying

A purchase is only considered valid once you and the vendor have signed on the dotted lines of the contract. Before then though, you or the vendor can opt out of the deal. Different areas have varying policies and buying methods so consult a solicitor to help you understand how property purchases work in that particular area.

5) Moving in

cheers

You’ve finally gotten the papers over and done with and practically the purchase is now over the line. What’s left now? Not much else but to move into your home so congratulations are in order! The only other thing that’s left to do now is just to keep tabs on your mortgage repayment and, of course, the utility bills among other accruing charges.

Continue Reading

Recent Posts

Green & Energy6 days ago

Air Conditioning Installation: What You Need to Know

When it comes to getting an air conditioning unit installed, can significantly improve your comfort and home environment, especially during...

Marketing1 week ago

Marketing Tips For A Gym Wear Brand

When starting a gym wear brand, there are a few things you need to do and one of them is...

General3 weeks ago

Social Media Marketing: What Are All The Types?

Social media marketing is a tool that is a must-have in today’s digital age. it’s very rare that businesses can...

Business4 weeks ago

How To Become A Property Developer

There are several reasons why an individual will want to become a property developer. One of the main reasons for...

Business1 month ago

Remote Delivery Innovations: Case Studies from Leading E-commerce Brands

People have gone through much change in the past few years when it comes to online shopping. Nowadays, when delivery...

Business2 months ago

Why are Brits turning to online-only banks?

For years, large, conventional banks held all the aces when it comes to citizens’ finances in the UK. HSBC, Lloyds...

5 Important Web Design Considerations to Make For Better SEO 5 Important Web Design Considerations to Make For Better SEO
Tech2 months ago

5 Important Web Design Considerations to Make For Better SEO

Ever since the birth of search engines, practices in optimising websites for better search rankings have changed considerably. Where it...

SEO3 months ago

The Importance of Local SEO for Small Businesses

There are many different types of businesses and all of them will require online marketing however, with a small business,...

General3 months ago

Understanding The Unsung Heroes: Cool Rooms And The Importance Of Regular Repairs

Everybody loves a breath of fresh air when entering a superstore! But have you ever wondered who’s working backstage to...

Home Improvement6 months ago

How To Add More Value To Your Home

If you have some spare cash in the bank, it is likely you would like to spend it on your...

Lifestyle6 months ago

What is a Deep Plane Facelift

Cosmetic surgery is a choice that needs a lot of research and when it comes to thinking about a facelift...

Entrepreneur6 months ago

Unveiling the Demand for Digital Marketing Courses: A Comprehensive Analysis

In recent years, the realm of marketing has undergone a seismic shift propelled by the digital revolution. As businesses increasingly...

Home Improvement7 months ago

What Does an Effective Wardrobe Spring Clean Entail?

Spring is upon us which means one thing and one thing only. It is time for the annual purge of...

Business8 months ago

Your Basic Guide To Creating A Unique Investment Blog

Starting your own blog is great and once you get the ball rolling, it can be a good passive income...

Business8 months ago

3 Low-Risk Ways To Get Your New Business Started

Once you’ve got an initial business idea and believe that it will be a success, there are some basic things...

Categories

Archives

Trending