Buying a new house can be a very daunting task, especially as a first-time buyer. There is so much involved when it comes to buying a new home, from saving for a down payment to getting in touch with real estate agents. And, let’s not even get started on the house-hunting process! Now, in 2021, the way we view houses has completely changed. Gone are the days when potential buyers would attend open houses and spend month’s house hunting; now, buyers can view properties virtually from the comfort of their own home. So, if you’ve been thinking about buying a new property that you can call home, here is a beginner’s guide to house hunting!
Hire a real estate agent
Whether you’re looking at properties online or you’re going about house hunting the ‘old-fashioned way, you need to hire a real estate agent. First and foremost, you must meet multiple agents and interview them until you find the real estate agent who is right for you. You need to be honest and open with your real estate agent about your needs and requirements – when it comes to house hunting, communication is key! So, if you’re looking for homes in Stirchley, Malinslee, Dawley or Madeley, you need to get in touch with real estate agents in Telford. When you hire the right real estate agent, the process of house hunting becomes almost seamless!
Set a budget
Before you even start the process of house hunting, you need to set a budget. You need to know exactly how much you can afford to spend on your new home without burning a hole in your pocket. After all, you don’t want to buy an expensive property due to which you spend a lifetime just paying off the mortgage. So, before you even start looking at properties, you need to sit down with your financial planner and decide upon a budget. Then, you should make sure to look at properties that are well within your budget, because you must not forget about associated costs and hidden costs!
Choose the right location
The location of your new home matters more than you think. The location of your home will play a big role when it comes to resale value or upcoming development in the area. Also, you should find a home that is centrally located; one that is close to a school district, near supermarkets and grocery stores, close by to your place of work. Also, it is important to find a home in a safe and secure location with a low crime rate. And, if your home is located close to any public transportation hubs, then that’s just the cherry on the cake!
Does the plumbing work fine? Did the house smell just a little damp to you? Were there some stains on the ceiling that might be indicative of a leaky roof? Are there any signs of faulty electricals? Does the foundation of the property seem shaky to you? What are the neighbours like? How far is the closest grocery store? Is this a safe area for you and your family? How much are the neighbouring houses selling for? You need to notice everything when you go house hunting. Be sure to make a little note of things you like and don’t like for every property, just to avoid any confusion in the future.
If this is your first time buying a property, you need to always follow one rule – never make an emotional decision. Think of buying this property as a financial investment, not an emotional investment. That way, you can save yourself thousands and thousands of pounds in the long run.