Worried about buying your first home? Here’s a guide to preparing yourself!

The process for buying your first home can be a daunting experience. There are many small details to consider, lots of paperwork to fill, and you need to make sure you can find the perfect property for your budget and way of living. This week, we have a guide to ensuring you’re as ready for your new home as you can possibly be!

Seek professional advice

One of the biggest fears new buyers have is whether or not they will be accepted for a mortgage. If you’re not sure, we highly recommend speaking to a financial adviser to help address this situation. They can talk you through everything you need to know and explain what you can do to improve your chances of being accepted. This could be anything, from increasing your credit score to learning about the various types of mortgage rates available.

Introduce yourself to the area

Another thing that can often be a worry for homeowners is that they may have some concerns on their neighbours. There is often the concern that the neighbours may not be so open to you moving in, but there are two things you can do:

  • Drive by – It’s worth driving by a property you are interested in to see it from the outside and get a feel of the street you will be living on.
  • Introduce yourself – once you have had your offer accepted, you may wish to consider knocking on your neighbour’s door to say hello. This will certainly help calm your nerves and it will leave a great first impression with them!

Can you afford it?

Everyone has some idea in mind of the kind of property they would love to live in. However, what you want can sometimes come at a price you may not be prepared for. Don’t panic just yet. There are a few things you can do to see how you could stretch your pennies further to get your dream home…

Are you willing to compromise?

Once you fully explore the areas available, you may find that you could compromise on the location of the property. It’s always worth exploring nearby areas that have lower house prices, especially the ones that are up and coming.

Are you willing to wait?

If you are dead set on where you want to buy a house, maybe you should ask yourself if you’re willing to hold off for a bit? This will allow you to continue saving for the home you definitely want. Alternatively, you could consider a Help to Buy scheme. Whatever you do decide, make sure you weigh the pros and cons of each option.

Are you willing to take on a project?

Not all houses are perfect, but that’s what renovations are for! If you think a property has potential and you’re up for a project, you can save money on a house that will cost less and use any remaining money in your budget on a renovation or extension. Just be sure to check if you need specific planning permissions.

Find the perfect property with Joules Estate Agents

We hope this guide has given you an idea of how you can get your dream first home. If you’re looking for a property in the Heaton’s, you need an estate agent that can find you what you’re looking for within your budget. This is where Joules Estate Agents come in. We know the areas like the back of our hands, and we can find you the perfect home for your way of living. To learn more, get in touch.