Growing into your big girl shoes? Buying a house is one of the biggest goals you can set for yourself.
One of the biggest goals you can set for yourself in your late twenties – early thirties is buying yourself a house and turning yourself into a homeowner. Unless you are a wealthy trust fund baby, the process of buying a house will seem like a daunting task. After all, this is a big commitment that requires a lot of time, effort, and money.
1. Research is KEY. Since buying a house will be a massive investment, you want to find something that you can really live in and enjoy. Even the smallest mistake can be very costly. Unless you have big savings, chances are you’re going to have to get a mortgage. You have to consider everything that you will need and require from your home. Apart from looking at property prices, you also need to look at the neighborhood, nearby facilities and institutions, and the structural health of the home. Fortunately, doing your research for properties on sale is much easier now with the help of the internet.
2. Make it Personal. While the internet is indeed very helpful to find the right property for sale, you still need to take the extra mile to travel and see the property yourself. Don’t rely on pictures and specifications. Meet face to face with your broker and find out your options on everything from house design to mortgage payments.
3. Find people you can trust. You will be hiring several people throughout this process. A broker, solictor, conveyancer, are among them. Make sure that you can trust the people/ companies that you will be working with. The easiest way to find people you can trust is to ask your friends and family who have purchased a home already to point you in the right direction.
Reading books like Home Buying Kit For Dummies and can also help a lot.
Shopping around for your first home can be quite enjoyable if you have set your expectations of its challenges and strategise how to deal with them. Make a game plan! That home is waiting for you.