When it comes to buying a house, it can be one of the most daunting experiences you face. Not only are there plenty of hurdles and obstacles to get through, but there are often a lot of things that could potentially go wrong and set you back to square one. Becoming a homeowner is a huge investment- not only financially but emotionally too. As we grow up, we envision the house we want for ourselves in the future, and almost hold this image as a pinnacle of our version of ‘success’. However, in reality this image may not be as achievable as you think, as there are factors that may influence the way in which things work out and ultimately, the final details and outcomes of becoming a homeowner. Whichever route you decide to undertake in your quest to become a homeowner, there are various things you can do to speed up the process, avoid setbacks and ensure that you can one day, have the home of your dreams. Here at We Buy Any House we have compiled our top tips to know when you’re buying a house.
Find Out How Much You Can Borrow Before You Save for a Mortgage Deposit:
Typically, you will have to save around 5% of the price of the property to put down as a deposit. Understandably, this can be a deterrent to people as they may not be able to afford the deposit itself, and therefore be disheartened in their search for a property. However, you can apply for a mortgage loan from the bank. The provider will lend you a specific amount depending on various factors, including your income, credit score and the size of the deposit for the house. It’s worthwhile talking to a mortgage lender and your bank to see where you stand before you start panicking about saving for a deposit.
Research Your Area:
When you buy a property, you are not only investing in the house, but also the area itself. If you’re intending on moving somewhere you are unfamiliar with, it’s a good idea to scope out the local area and see what goes on there, the atmosphere, local amenities, transport and general vibe. Its important to pay attention to things such as:
- School catchment areas. If you’re planning on starting a family, or already have children, they will need to attend school. It’s important that you look into how far the schools are/the quality of the school and if they have any places.
- Infrastructure plans can affect the noise and pollution levels in the local area.
- Is the area affected by flooding?
- Find out what the area’s crime rate is like.
Registering with an Estate Agent:
Once you have decided on an area which you like, register with an estate agent straight away. This will ensure that you have the best advice, in addition to not prolonging the wait. It is free to register and show your interest with a local estate agent with help to increase your chances of finding your dream home.
Viewing Properties in Person:
When it comes to viewing a property, it’s imperative that you view it in person. Studies have shown that when it comes to viewing a house, the ‘feeling’ of the house was one of the most important factors. Although you can spend hours searching through property listings on the internet, it’s important that you see the house in real life as it will enable you to have a better understanding of the potential of the house and see if it really ‘fits’ you.
Get a Survey:
Getting a survey completed before you move into your home and offer a budget is important. It will highlight any issues that are wrong with the house, in terms of the condition of the building itself and any structural issues. By conducting a survey, you can get a better indication as to how to negotiate prices.
Plan in the Future:
When you’re shopping for a home, it’s important to think futuristically. Although you may become indulged in buying a home for the present, and what suits you as of now, it’s important to think further down the line. You must ask if you see yourself living in that house ten years down the line, or whether you want to be in a position to consistently relocate. Whatever you choose, you must ensure that it suits you and the idea of your future.
There Will Be Compromises:
When it comes to buying a home, it’s important to understand that in some respects, there will be comprises and small setbacks. Things may not always be able to go your way, so it’s important to be graceful about these things- no matter how frustrating things may be.
This article was written by a quick house sale company We Buy Any House. If you’re wondering “how can I sell my house fast?”, head to the We Buy Any House website for more information relating to all property related enquiries.