Top 10 Tips for First-Time Home Buyers

Top 10 Tips for First-Time Home Buyers

Buying your own home is one of the biggest decisions in one’s life. People even prepare for at least a decade before they start their home buying journey. To turn this decision into a reality, hard work, mindful commitment and financial diligence are needed. Moreover, finding a home suitable to your needs requires time and efforts. One has to carefully select the real estate and agents within the sector in order to find a safe haven.

Considering the complexities involved in this journey, we have compiled a list of home buying tips for first time buyers:

Decide the size:
You should consider a number of factors while deciding the size of the home such as the number of people living in it, space required to live, amenities needed in the township, apartment of individual compounds, etc. These factors will determine the cost of the property and subsequent budget you will have to accumulate.

What to do when house is outside the budget?

Our real estate experts suggest that it is better to make-do with the current housing or stay on rent until the house falls into the budget. This is to be done to avoid any additional financial burden that you may not be able to waiver off on time. Also, it is better to wait for a few years while increasing the streams of income to reach the budget rather than increasing the loan capacity or compromising with the space and amenities.

“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.”

Marshall Field

Consider the amenities:

Present day housing is not just about building on a piece of land but holistic living. Townships often offer basic amenities you need to comfortably live within the premises, such as pools, clubs, gazebo, spas, parking space and places of worship. However, the buyer has to take note that the amenities will also add to the cost of the housing.

Location, location, location:
One of the primary factors to influence your decision-making is location. As a working individual or someone with children, connectivity and transportation network is beneficial in all aspects. Also consider the neighbourhood and security provisions that ensure the safety of you and your family.

Builder’s reputation:

Purchasing your home can be time consuming and stressing process. So make sure that plan thoroughly before dive into the home search. For any real estate advice you can reach out to our experts at PR Estates.