A growing number of people are now taking the plunge and purchasing their own real estate, whether it’s their first property or another property to expand their portfolio. If you’re considering your first purchase from https://www.horeanddavies.com.au/, keep these tips in mind to make sure it goes as smoothly as possible.
Price
Getting your finances in order is crucial before committing to buying any property. Start by setting aside enough for a 20% deposit on what you can afford, as well as an extra 5% as ‘contingency’ money (in case anything unexpected comes up along the way). Once you know how much you can spend, aim to buy somewhere between 30-50 per cent less than that amount. That means if you have £100k to spend, look at properties priced around £70k-£80k.
Amenities
Location is one thing but it’s not everything. Before buying, check out if there’s amenities nearby like golf courses, hiking trails and so on. If you have children, find out if there are any schools in or near by. Amenities will increase your satisfaction with life in your new home. The more advantages that come with living in an area, whether they be social or entertainment-related, translates into higher property values and higher prices when it comes time to sell your home. Make sure to check out for more on https://www.horeanddavies.com.au/.
Neighborhood
The neighborhood in which you live can greatly affect your life, especially if you have children. Consider taking a drive through several different neighborhoods before deciding which one is right for your family. While it’s important that your home is conveniently located, it should be safe and family-oriented as well. If you plan on moving with children, look for houses in good school districts and areas that are child-friendly.
Reputation
One of most important factors is your own personal research into whether or not you want to buy in an area. Talk with people in that area, do online research and find out what kinds of crime rates, etc. there are. You may feel secure living somewhere with a high crime rate if you have state-of-the-art alarm systems and very good locks, but many people do not feel comfortable around that kind of environment for whatever reason. Make sure you know about these things before investing in any property.
The Home Inspection
If you’re buying a house, pay special attention to any little problems that your home inspector points outbecause these are problems that you won’t want to discover later on. This isn’t always an easy step: it can be expensive (often $400 or more), and it usually requires an early commitment. But, again, if you plan on spending several years in your next home, or even several monthsthese costs are well worth it.
