It’s no secret that taking the plunge to buy your first house can be a scary experience. The decision will impact your life significantly both now and in the future. However finally going alone for the first time is also incredibly exciting.
To help get you on that all important property ladder we’ve put together some helpful tips; Talk to mum and dad. Usually the first port of call for most major decisions. They’ve gone through it all before and will have a wealth of knowledge to share with you, as well as some funny stories we imagine!
Do your research
Location is probably the most important factor. Research it well. Transport links, local amenities, good pubs (!), are all important factors. Visit the area and chat to locals. Just make sure they aren’t planning to build a wind farm nearby.
Be realistic with finances
Getting this advice early on will prevent later disappointments. How much you can borrow depends on a variety of different factors including your credit score, income and the size of your deposit, so getting it right at this stage is vital.
Check out government help
There are government ‘help to buy’ schemes out there to help you secure that all important deposit. Ensure you check these out early on, they might make all the difference between securing your new home or not.
This means in terms of house, location and mortgage options. Although it’s very hard to find a property that ticks all the boxes, make sure you are comfortable with your decision and don’t get swept up in ‘but it has a brand new kitchen!’; not so useful when the roof falls in 3 months later.
Remember the small things
Again, maybe one for your parents, or similar advice giving prophet. Stamp duty, surveyors, replacing the boiler, may all appear and affect your budget. Also remember that it’s not just the mortgage you’ll be paying once you move in; money will be needed for bills, TV license, and council tax amongst other things.
Make sure you’re sure
Ask, ask, and ask again. Make sure you’re happy with everything. Visit the property a few times. Get opinions from friends and family.
Finally, make an offer!
It’s always worth going under the asking price, especially if it’s been on the market for a while. The estate agent is legally obliged to inform the seller then update you on their response.
So good luck! And if you need any help with your storage solutions during the move or otherwise, you know where we are.