So, you’ve decided it’s time to get on the property ladder and buy your first home, here are a few things to think about before you start your search:
Work out what your budget is going to be before you start looking for new home. You can probably look for homes slightly over that figure as the owners may be open to offers. If you can get a mortgage agreement from your lender before you buy your home, you’ll also know how much is left in the bank after you’ve paid the deposit.
New Build or Previously Owned?
If you prefer to move straight into your home without doing anything to it, then you might be better looking for a new build. On the other hand, you might like an older home with original features. It might depend too on how long you want to wait to move in, as a new build may still be under construction.
Decorated or Needing Attention?
If you’re happy to buy a property that needs some attention, you might pay less for it than a home that’s in excellent condition. If you prefer to decorate in your style and you have the money to spend then look for homes that need some tender loving care. If you don’t like DIY, then narrow your search to a home you can move straight into a live happily without the need to change much.
Is the property in the right area for you? Is it close to work or near enough so that you can travel easily by public transport? If you’re a family are there local shops ad good schools in the area? Is it close to leisure facilities like a park, the library or a swimming pool? Think about how you spend your free time after work and whether you want to depend on your car.
Room to Expand
Do you want to start off with a small property and move again when you need space? If you don’t have a look round for properties with a garage, a loft or a basement which can be converted in the future to provide more space.
Is it important for you to have a garden, a balcony or a patio, do you like outdoor space? If you don’t have time to look after a garden, then look for properties that have replaced grass with concrete, which is easier to maintain.
Have you got a car? Will you need a parking space? If you don’t look for a property with a driveway is there adequate parking in the street. Is it free, or will you have to add the cost of a resident permit to your budget?