Seven things you need to know when buying your first home
Buying your first home is a big and exciting milestone, but it’s not always an easy process. It’s like nothing you’ve ever done before and it has the potential to be overwhelming and confusing – but it doesn’t have to be! These simple tips will get you on the right path to making that important purchase.
See a lot of properties
Viewing a lot of properties is a great way of figuring out what you do and don’t like. It’s also a great idea to visit some properties that don’t necessarily fit your requirements; many people have found their new homes by stepping out their comfort zones. Ask your Chelmsford estate agents to show you as much as possible.
Be prepared for disappointment
There’s no other way to say it – you’re very likely to face phases of disappointment. The housing market is a competitive place and properties can get snapped up really quickly. Managing your expectations will stop you getting too upset in the long run.
Be open to compromise
People often go into house hunting with a huge list of requirements, but it’s important to realise that your “perfect house” probably doesn’t exist. As you’re searching you’ll realise that you might have to say goodbye to some of the property must-haves on your list and settle for a few of the things you’d rather not. Remember the way a property is presented to you doesn’t have to be permanent – think of the bigger picture and how you could renovate it to get closer to your ideal home.
Be aware of how long it can take
Don’t rush into the buying process expecting to have everything wrapped up in months. Paperwork, protocols and problems with chains means the whole thing can be a lengthy process. Have all your paperwork to hand to help speed things up on your side.
Prepare questions in advance
Preparing a set of questions before you begin viewings can prove very helpful. As a first-time buyer it’s good to seek advice from somebody on the property market or knowledgeable in this field and, with their help, write down a list of questions and things to look out for. This means you’ll be able to attend viewings with a feeling of purpose, knowing you’re armed with questions to ensure you gather all the information you need.
If you think you’ve found the property for you, think about it and arrange a second viewing. This will allow you to get your thoughts in order and not get swept up in something that seems perfect for you. The second viewing will either confirm your first impressions were correct or open your eyes to some red flags.
Be reserved with who you tell
Securing your first home is obviously an exciting time, but you may want to consider who you tell. If you’ve told an extended circle of people, you’ll always have someone asking for an update and this can get tiring – especially if you don’t get the outcome you desired.
Though many of these tips are warning you of the downsides of hunting down your first home, remember it is a very enjoyable event in your life that deserves recognition. Keeping these tips in mind we wish you good luck with acquiring your ideal home!