With the rising costs of houses and bills, it’s no wonder people can’t afford to buy a property until at least their 30’s. But when you do have enough funds to be able to buy your first family home, it can be a very complicated process. After all, people can be left dumbstruck when they see words like ‘conveyancing’ and ‘surveyors’ when it comes to buying a house. And because it leaves people confused, it’s so easy to make errors. Therefore, here are some handy hints you need to read to ensure buying your first family home goes smoothly.
Make sure the property is appropriate for years to come
A lot of people make an offer on a property without thinking it through properly. After all, it’s easy to get carried away when you are looking around a home. In fact, you can start imagining family dinners and love the garden so much that you make an offer. But before you buy a property, it’s time to think about it properly with your partner. For one thing, you need to consider whether it’s somewhere you can imagine living for years to come. After all, when you buy a property, you are putting down solid roots. And it can be hard to pull them back up again in a year or two as you want to move! Therefore, it needs to be in a good area which you are happy to live in. You want somewhere which enables you and your partner to get to work easily. After all, a long commute is something you might regret as soon as you move in. Also, you want a property that has plenty of space for your family. It’s worth going for a bedroom more than you currently need. That way, if you and your partner decide you would like another baby, you have the room to be able to do so without having to sell up! And make sure there are good amenities in the area such as a school and park!
Ensure you find out all the costs at the beginning
A lot of people don’t actually realise all the costs involved when they are buying a property. In fact, they often think it’s just the mortgage they need to worry about. And then they are left horrified when they get a big bill when they complete. Therefore, it’s a good idea to find out all the costs at the beginning you will need to pay. You can talk to your estate agent who can help you figure out all the costs. For starters, you will have to pay an admin charge to the mortgage provider. Therefore, make sure you know how much this will be when setting up your mortgage. Also, you will need to find a first time buyer solicitor who will deal with all your conveyancing. They should give you a quote at the start which will cover all their fees. Also, you should check with them regarding how much you need to pay for stamp duty. A lot of people forget about this, but it could actually be a couple of grand! And remember to add in home insurance and a moving company so that you can put money aside for both of these!
Find out all you can about the home before you buy
It’s so important to make sure you do some research about the property before you buy. Thankfully, your solicitor will do a lot of the legwork for you about the property. But it’s worth getting a surveyor in too who can check over all the structure and find any problems you might not know about. After all, there might be a broken boiler that you haven’t been told about. Or there might be issues with the roof that could cost you a fortune in the near future. Therefore, doing a survey will highlight issues you can ten discuss with the estate agent. Also, make sure you check what the bills will cost for the property. You can find out information like water rates and council tax online for the property. Or ask the current owner to see their previous bills. After all, you don’t want to take on a house which will cost you a small fortune when it comes to bills! Therefore, do your research first, so you don’t run into a problem in years to come.
And make sure you prepare your kid for the move. After all, it can be a scary prospect for them moving from your current haunts. Therefore, explain what’s happening and show them around the property to get them ready for the big move.
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