Buying a home is really an exciting and great experience. But if you take care of these points it will give you a little stress, but you will be assured in the future.
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2. ARE YOU A FIRST TIME BUYER
“If you are going to purchase your first home it can be
very exciting and amazing or it can be a scary experience
as well. Here are some tips that will help you out to be
aware of the mistakes made by other first time buyers. By
doing this you can make your experience of purchasing a
new home much better and smoother.”
4. 1-INVESTING A LOT OF MONEY
We all should keep care of that how much we can afford.
The final price of the house is not only the cost that you
are going to invest while purchasing a home. Owning a
house comes with plenty of bills like heating, future
renovations, property taxes and other unforeseen costs
like burst pipes or water solutions etc.
5. TIPS
Things that you can do for it: Take care of your finances.
Look at the fixed cost that you are going to pay and
always make some space within the expenses. Ask the
home owners that how much they spend on the house
every year. By doing this you can easily manage your
expenses.
6. 2- INVESTING A LITTLE AMOUNT
This can also be a big mistake! If you spend a little and
get a small house, it can be a problem if you grow quickly.
It may cause an excess expense of moving(which can be
quite expensive).
7. TIPS
Things that you can do for it: Think a bit. If you are
planning on starting a family soon? And the possibilities
of outgrowing the house. Perhaps spending a little bit
more can make you stay in the house for long and it will
be a better financial decision.
8. 3- LISTEN TO YOUR HEART: PURCHASE
ONLY THAT YOU LIKE
Definitely the house is gorgeous, well furnished and
painted in your favourite colour and it has a bathroom for
every bedroom. But if you have two young kids and two
cats who like to run outside and it's on a busy road.
9. TIPS
Things that you can do for it: Think smart! You can visit
the house at least twice (you’d be surprised that how your
opinion can change on a second and third visit) and think
critically. Take a look at every aspect of the house, every
room, its location and neighbourhood and try to picture
yourselves in the house in the future.
10. 4- Hidden Cost
The final sale price of the house is not only the cost of
buying a home. There are many hidden charges like
lawyer fees, realtor's commissions, transfer taxes etc.
When you add them too then you get the total.
11. TIPS
Things that you can do for it: This closing cost can be
from 1.5-4% of the final sale price. So be prepared for it
and take care of it while calculating your budget.
12. 5- NO RESEARCH BEFORE PURCHASE
Buying a home without a research can be a big mistake. If
you are very busy paying too much attention to your
family or are in pressure to make a quick buy you can be
in a mess. Moving into a house that has not been
thoroughly viewed can be regretful mistake.
13. TIPS
Things that you can do for it: Research before your
purchase! No other can know that what you want
more than you. Stay there for a day walk in the
neighbourhood, learn about the environment, and
the local market. These can save you from expensive
undertakings like termites and flooding.
14. “Buying a home is really an exciting and great
experience. But if you take care of these points it will
give you a little stress, but you will be assured in the
future.”