Seven Things to Consider When Buying Your First Home

So, you’ve decided it’s time to get on the property ladder and buy your first home. Here are a few important things to think about before you start your search:

1. Your Budget

Work out your budget before you start looking for a new home. You can probably look at properties slightly above your limit, as the owners may be open to offers. If you can get a mortgage agreement in principle from your lender beforehand, you’ll also know how much money you’ll have left after paying the deposit.

2. New Build or Previously Owned?

If you prefer to move straight into a home without doing any work, you might be better off with a new build. On the other hand, if you like character and original features, an older home could be more appealing. Also, consider your timeline — a new build may still be under construction, which could delay your move.

3. Decorated or Needing Attention?

If you’re happy to buy a property that needs some attention, you might pay less than you would for a home in excellent condition. If you want to decorate in your own style and have the budget for renovations, a fixer-upper could be ideal. However, if you don’t enjoy DIY, focus your search on homes that are move-in ready and require minimal changes.

4. Location

Is the property in the right area for your lifestyle? Consider proximity to work and access to public transport. If you have a family, are there good local schools and nearby shops? What about leisure facilities like parks, libraries, or swimming pools? Think about how you spend your free time and whether you want to rely on a car.

5. Room to Expand

Do you plan to start with a smaller property and move later, or would you rather grow into your home? Look for properties with potential — such as a garage, loft, or basement — that can be converted into extra living space in the future.

6. Outside Space

Is outdoor space important to you? Would you like a garden, balcony, or patio? If you don’t have time for gardening, consider homes with low-maintenance outdoor areas, such as paved or decked yards.

7. Parking

Do you have a car? Will you need a parking space? If so, check whether the property has a driveway or if there’s adequate street parking. Is it free, or will you need to pay for a resident’s permit? Make sure to factor this into your budget.