Buying your first home can be a whole mixture of emotions, including excitement and apprehension. Get prepared with these tips.
5 Tips For Buying Your First Home
1: Be prepared to compromise
When you’re getting onto the first step of the property ladder, there’s always going to be things that you will need to compromise on. It’s all about prioritising the most important things you really don’t want to budge on and trying to be open minded about everything else.
Choosing a property with some drawbacks, such as no off-road parking or a house that needs refurbishing may receive less attention and fewer offers than houses that are ready to move into – this will make them much a much more affordable price.
2: Understand all of the costs involved
Don’t underestimate how much it will cost to buy your own home.
It’s such a good idea to carry out plenty of research before putting an offer in on a property. There will be solicitor’s fees, mover’s fees if you need help transporting all your possessions, insurance bills and so on. Then, when you own the house, there will be gas and electricity bills, council tax, water bills, the boiler will need fixing if it breaks, you might need walls and ceilings re-plastered and so on. The list just goes on and on, so make sure you’re prepared for all moving costs, renovating costs and ongoing bills.
3: Get organised before you move in
It takes so much time for paperwork to be dealt with, contracts to be exchanged and so on, that it can take what seems like forever to finally get the keys and be able to call a house your own. However, when the day arrives, being prepared is going to make moving day a lot less stressful.
Make a list of all the essentials you’ll need as soon as you get the keys, so you don’t forget anything, and buy a supply of them in advance.
Also, plan what food you’re going to eat for the first couple of days. It’s likely you’ll be super busy cleaning, unpacking and getting to grips with your new home to want to worry about cooking and buying food. You might want to think about arranging for a grocery delivery to be made pretty soon after you move in too, to make life easier.
4: Take your time
If there’s a lot of work that needs doing to your new home, it can be tempting to rush in and spend a lot of money trying to get it perfect ASAP.
It’s wise to take your time, especially if you’re planning to stay in your new home for a good few years. Paint the walls, of course that can easily be changed. However, think about upcycling existing furniture, cabinets etc while you wait to find exactly what your tastes are and how you plan for your home to look before rushing out to furnish your house with all brand new items.
5: Enjoy it!
Buying your first home is incredibly exciting and quite the accomplishment. Holding those keys in your hand for the first time and knowing that the house is yours is a wonderful feeling.
As with anything in life, going through the process of buying a house and running a household is a learning curve. Do your research, get organised, be prepared for all the costs involved and enjoy becoming a first time buyer.