You want to move house and you want the next one to be a good one. What can you do to give yourself the best possible chance? Follow the following steps and you’ll be on your way to securing the house of your dreams.
Create a budget
For many of us, buying a house is one of the most expensive things we will ever fork out for. This means that budgeting should be at the top of your priority list.
If you’re new to the property market, you’ll need to work out what kind of deposit you might be expected to pay. Then put in place a plan to help you set some money aside for this on a monthly basis.
On top of that, there are the mortgage repayments, conveyancing and solicitors’ fees. It’s often worth noting that new build homes can sometimes come with multiple financing options that could make ownership easier to achieve. Currently, the overall cost of moving into a new house is around £14,000.
The right search method
Use property-finding sites with a good reputation, such as Rightmove and Zoopla, to find your new house. Take asking prices with a pinch of salt, as these are often over-optimistic and can be negotiated down.
Don’t just research houses. Research areas as well! Use the government’s website to assess the flood risk and see if there are any planning applications in the locality for the next few years.
When viewing a property, don’t be afraid to ask questions forensically before you put in an offer. Check out the status of the boiler, any electrical and gas reports and ask when rewiring was last done.
Be wary if the house has been on the market too long and try to find out why.
Find out if there have been any crimes at this address, too.
Visiting the locations
While you’re in the area to view houses, don’t forget to set aside some time to explore the neighbourhood. This is somewhere you and your family could be spending years of your life, so you need to vet everything properly.
See what local amenities are like, if there are green spaces nearby and what local transport links there are. Get a general feel for the sense of community and the level of personal safety.
Keep your own expectations realistic and don’t go through the process with rose-tinted glasses. This can lead to impulsivity, which can work against you when it comes to house-buying! You might not fall in love with the first property you view. Don’t write off a spacious, affordable home if there are a few minor details you could add to make it better. At the same time, don’t get too carried away with enthusiasm for a property you love until you’ve checked everything out.
Finding your dream home can’t be rushed. Take everything at a steady pace and don’t be afraid to seek out expert advice for anything that feels out of your depth.