When looking for a home make a list of things that are must haves and get an idea of what properties with these features are valued at.
Having an understanding of these factors will ensure that you don’t get tempted by homes that don’t necessarily suit your plan and expectations.
Finding a home within your limit will help to keep you calm and still allow you to enjoy a healthy work life balance without feeling overwhelmed.
Don’t be afraid to question and test everything and anything when buying a home.
Buying your first home should be a positive experience and finding out about structural faults, water damage, or issues with pests after the purchase could be costly at a time when you’re already financially stretched.
When deciding on what you can afford make sure to consider all the additional costs that come with buying a home.
These can include solicitor’s fees, mortgage insurance, transfer fees, stamp duty, inspection reports etc. At the same time ensure that you research all available state grants to minimize these costs.
When buying your first home its more important than ever to surround yourself with expert knowledge.
A mortgage broker can not only navigate the process and fill in all the forms for you but also help to talk over any doubts or concerns you have about your financial situation, deposit or limits.
Contact a Shore Financial broker here to learn more about how to buy your first home.