Often when buying a first home it is easy to ficus on whether we like the house or not, whether it is big enough and if we can afford it. But there are other very important issues to consider too. Here are a few of the essentials to consider when buying your first home.
Who you are buying it with
Think long and hard before tangling up your finances buying a home with someone else. It is very complicated to untangle and you may lose the home you love. be sure and don’t make any hasty decisions.
Sort your finances out first
When ever you plan to buy a house you need to be absolutely sure it is a home you can afford. If you stretch your finances to the max buying your home you will have no room for life’s emergencies – and they will undoubtedly happen.
Explore all your options
Getting a traditional repayment mortgage is not your only option. have a look at Gentoo, a UK social enterprise which works to improve the Art of Living. They have a number of options, useful to first time buyers, such as shared ownership and rent to buy.
Think about the area
Don’t just fall in love with a house, make sure the neighbourhood is right for you. is it near a bus route, good schools, local shops. What matters to you and will matter to you further down the line. You are choosing an area to live in as much as a home.
Don’t aim for the perfect home all at once.
It takes a long while to make a first house into the home you love so do not feel you to buy everything new for it straight away and have it redecorated and carpeted from head to toe. Live with it a while and really think about what you want and what you can afford. there is nothing wrong with accepting hand me downs and scouring second hand sites either. keep you finances in check and take your time .