What to Know Before Buying a Home
Buying a home is probably one of the biggest decisions you will make in your lifetime and it can be one of the most stressful. So, it pays to do your research and planning so that you are confident that when you do move in, you’ve made the right choices.
Key Things You Need to Know
Before you start looking for a home make sure you know what you can afford to buy. There are plenty of online tools which will give you a good idea of your borrowing power. Don’t forget no matter what you borrow, you will need at least 10% of the value of the property as a deposit and factor in other costs such as stamp duty, legal fees, and removals.
If you are moving to an area that you don’t know then as well as understanding the range of house prices in that area, it’s vital that you research factors such as, schools, transport links, planned developments, flood zones and crime levels. Since your home is the biggest purchase you are likely to ever make so you need to ensure that its value will be protected.
Seeking the help of professionals will make your journey much easier and ensure you make the right decisions. Speaking with a mortgage advisor is a great way to understand just what is available to you and they can also explain and guide you through the application process.
Registering with several estate agents will help you understand the types of properties and prices available that meet your requirements and budget. A solicitor or licensed conveyancer is needed to carry out the legal aspects of buying a home and they will provide extra advice and guidance.
Finally, you will need a reputable removal company to move your furniture and belongings – they can even help you pack items securely before moving day. Make sure you check availability well in advance – the best companies are usually very busy.