Buying your first home can be a scary decision but with the right help and guidance you can get your hands on your dream home in the perfect spot that’s just right for you. While there are many things to consider, buying your first home is an exciting venture that should be enjoyed so make it easier for yourself and follow these simple tips in finding the right home for you. Whether you’re looking for a big family home in Dorset or a small city apartment with a rooftop terrace under shared ownership in Brighton, there is something out there for you at a price that fits your budget.
Think of the future
It may seem like a given but considering where you want to be in 5 or 10 years’ time is vitally important when buying your first home. If you’re planning on doing a 2 year trip across south East Asia in 9 months it’s probably not the best time buy a house, but if you’re looking for somewhere to bring up the kids in a quiet suburb by a high ranked school then home ownership is the way forward. You also need to consider, if you are planning to extend your family, how much space you are going to need and how many bedrooms. Thinking of the future and you’re plans for your family is essential in making the right decision that will suit everyone so make sure you consider all your options and discuss as much as possible with the people around you.
Location
Do you want to live closer to work? Are you looking for somewhere rural with plenty of open space? Are you in need of a home in a catchment area? Considering all these questions before hopping on propertybooking.co.uk and putting down a deposit is vitally important to finding exactly what you and your family require. While there are many houses for sale in Kent in quaint country villages, there are also city apartments in city areas like Manchester and Newcastle, so have a think what best suits your lifestyle and the pros and cons of both. Catchment areas are also important if you have children, as schools in the area often require you to live nearby if you are looking to get a place. There may be other factors that are important to you, such as being close to family or the jobs in the local area, so prioritise these when it comes to buying and you won’t make a decision you’ll regret.
Budget and Finance
When buying your first home, this can often be the biggest challenge, especially with a housing crisis on our hands but luckily there are plenty of schemes out there to get you on the property ladder without the unreasonable expenses. Shared Ownership is a programme which allows you to part buy part rent your home which can be particularly helpful for those who want to ease into home ownership with a more manageable mortgage. With reduced rent and only paying a deposit on the portion you wish to buy you can save money and eventually have enough equity to own the whole house, moving you up the property ladder without having to move anywhere at all. Help to Buy is also a scheme to consider for the significantly smaller 5% deposit and 20% equity loan that has no interest for 5 years. With Homes For Londoners offering Shared Ownership in London and plenty of houses for sale in Harrow and other nearby London areas under help to buy, you can find a place you can afford in an ideal location.
So whether you’re buying your first home as a financial investment, you want to bring the kids up in a secure and family friendly area or you’re looking for somewhere for you and your partner to set down your roots, buying your first home is a big decision and comes with a lot of consideration. But with a little help and talking to parents, friends and your partner you can get the best advice and move somewhere you love with everything you need nearby.
