There is nothing more fulfilling than having a house that is truly yours, a house that is your home. However this process could be daunting for those of you out there looking to buy for the first time considering that you have no experience to fall back on when it comes to buying a house.
Worry not! We’ve put together a few simple tips to guide you in this process.
Do your research
Talk to friends, family and some professionals about what areas would work best for you. Find out what kind of cost you would incur before, during and after your buy.
Make sure you are emotionally and financially prepared
Buying your first home shouldn’t be a decision that is made on a whim. Take some time to think about it.Ask yourself questions like are you mostly out of debt? Have you started planning for your retirement? Can you afford the deposit on the house? Do you have a lender willing to provide a home loan at an affordable rate? Consider what you have going on now and think about your future expectations then decide whether now is the best time for a home.
Find the perfect team
Selecting a real estate agent to help you look for the perfect home is very important. Once you have an idea of the location that you’d like your home to be, finding an agent who specializes in that area and is able to give you their honest expert opinion is crucial in making your buying process simpler. Keep in mind that the whole process may take time.
Don’t be in a hurry to settle for the first house that you think is perfect, weigh your options, make sure the house you are buying is in good condition and that you are satisfied with the amenities. The water connection, the electrical connection, is it prepaid or is it post-pay? Do the locks on the all the doors function well. All these may look insignificant, but once you do move into the house, all these may eventually add up resulting in high renovation costs. With houses today it’s also important to find out if there is a setup for internet connection.