Things to Consider Before Buying a Home

You may have decided to buy a home for a number of reasons. Perhaps you want a fresh start. Maybe you want a property to invest in. Or perhaps you are going through a significant life change - marriage, kids, retirement, etc - and you want a different kind of humble abode.

Nevertheless, there are many things to consider before making the decision to buy a home. Property hunting can be stressful but we have compiled a checklist so that you can be sure that you are taking various factors into consideration.

Location, Location, Location!

We can't stress it enough - location is everything. Getting the perfect home is one thing, but securing the right location is another thing. Make sure the location fits well within your requirements. Research the neighbourhood. Does the area have local amenities? Good transport links? High academically-performing schools for children - if you have any? Local parks and activities? These are some of the things you need to bear in mind because the last thing you'd want to do is to buy a property in an area that is unsuitable for you.

Think About What You Can Afford

Be realistic and honest with yourself. Buy what you can afford now in the present moment, not what you think you'll afford later on down the line. You'll have to take various costs into account - mortgage deposit, stamp duty, solicitors' fees, removal van hire services, refurbishments, etc - so think carefully about your budget.

Think About What You Can Manage

What could you handle and what are your limits? Think about how much maintenance you'd have to take on and the costs for the upkeep. For example, buying a house with a lovely garden might seem great, but could you handle the maintenance? Would you hire a gardener, and would you be willing to pay for him or her?

Keep Your Eye Out For Potential Issues

This is extremely important. Look out for the 'red flags' that could be hard to deal with and/or detrimental to your bank balance in the long run. Signs to look out for include mould, damp, pests, drainage issues, local residents' unkempt gardens and graffiti in the area.

Timing is Everything

Be patient - the search for the perfect home will take time. Don't rush or panic buy the first home you see - unless it's the right home for you. Do your research and keep your options open.

If you are looking for a new home, please feel free to get in touch and speak to our property experts. We will endeavour to help find the perfect place for you.