Congratulations, you’re at a stage in your life when you’re considering buying a house. What this means is that you’re a fully-fledged adult and you’ve experienced a fair share of success, so much so that your days of renting are long gone.
You’ll probably have a ‘dream house’ constructed in your mind but, not to rain on your parade, you probably won’t find it. The fastidious find house-hunting very difficult and the laid-back often get a raw deal so here are six things to remember when buying a house for the first time.
1. Know what you’re looking for
With a little graft and patience you’ll eventually settle on criteria for what you need out of your first house. The likelihood is that you’re moving in with a friend or partner so utilise teamwork to pour over apps, websites and newspaper cuttings to find exactly the closest thing to what you’re looking for.
2. Feel, don’t think
When viewing houses, trust your gut about everything. Don’t put a deposit down on a whim but don’t over-think the big picture – walk through properties for the first time with no judgements and simulate what it would feel like to live there.
3. Double check
Once you’ve got an initial reaction, always visit the house you’re most interested in at least twice. You’ll never want to criticise the first house you fall in love with but it’s necessary to make an informed and rational decision.
4. Location is everything
Check out the neighbourhood. It’s as important as the property. How are the restaurants, public transports and local schools? You can remodel your house but not the area.
5. Cross-check similar properties
Consult your agent and check out similar properties in the same area for the same price. You might find yourself a better deal for looking and your real dream house, not a cheap imitation.
6. You can always walk away
Until you put the money where your mouth is, always feel like you can walk away from a house if it’s not absolutely perfect. Buying your first house is a huge commitment and simply cannot be rushed.