Buying your first home is a huge decision and can seem a daunting prospect. At Peter Ward Homes, we have helped thousands of buyers take the first step onto the property ladder. To help First Time Buyers, we have come up with 5 top tips to help get you started on looking for your new home.
1. Do your research!
As a First time buyers you need to know as much as you can about the market. Research the area where you are considering buying. What are the facilities like? What about transport links? Check on line or visit the area to get a real idea of what it might be like to live there.
2. Financial support
Calculate the likely ongoing costs of all things such as heating, lighting, stamp duty etc. before finalising the maximum price you will pay for your first home. Get as much advice as possible on how much you can borrow, what deposit you will need and how much to allow for all the costs. It is best to take this step before you start viewing to ensure you are looking at appropriately priced properties.
Know what you are looking for – whether it’s a 2, 3 or 4 bed. Work out what kind of property you need. Who are you catering for? What area do you want to be in? Knowing what you want will make it easier when it comes to looking for your property.
4. Get family/friend advice
Speak to people who have already been through this process as they will be able to give you advice and guidance. They may point out issues that you may not have considered.
5. Visit a number of show homes
Make sure to have a good look round a number of potential properties and list the pros and cons of the ones you see. Don’t be swayed by the design of the kitchen etc. the position of the property is the first thing to focus on as it is the one thing that can’t be changed. Also consider the size and layout.