Buying a house is a big decision in everyone’s lives. It’s the biggest purchase of your life, and small mistakes can cost large. So we’ve drawn up a house-buying guide with a few tips on getting your hands on your dream home.
It is said that you only need to look at three things when buying a house – location, location and location. So let’s look at this point in a bit more detail. Will you be comfortable with the commute to work and the time spent on the roads? How far is it from the nearest schools? What is the security in the area like? If it’s a too expensive area, look at a neighboring area.
Make a list of things you are looking for in a home. Some comforts you will be flexible on and others not, so give them scores of importance. Also remember to include your future family plans.
Start your search online when buying a house. Property agents all have websites these days. Spend some time educating yourself about what’s available in the market. When you have a sense of what’s out there, you’ll be able to make better decisions as an informed buyer.
When buying a house, don’t just take the first deal you come across. Do your homework on property prices in the area. Get the average prices and make sure you are not being taken for a ride.
When you are ready to make an offer, bring in a specialist to inspect plumbing, electrics and structure, with attention to the roof. If he uncovers something, it doesn’t necessarily mean you won’t buy the property, but it puts you in a position to negotiate on the price.
Work out what your budget is before buying a house. Remember to include monthly costs like bond payments, insurance, water, electricity, and any levies. Being over cautious will protect you from a nasty surprise later on.
Something a lot of potential home owners overlook is considering the costs of ongoing property maintenance. The ability to own a home takes hard work and is a long-term financial responsibility. You should take into consideration costs of maintaining your home, making improvements or repairing things if they break.