So you’ve had enough of the renting life and have finally decided to put pen to paper on that new home you’ve always been dreaming about. While it’s usually a pretty exciting transition, it’s only natural that you are a bit daunted by the prospect of venturing into the unchartered territory of homeownership. To ease that journey, here are five general-rule-of-thumb steps to help you out:
Knowing is half the battle and that is exactly the case when it comes to buying a home so don’t forget to do your homework. It’s also important to put your finances in order-through savings and whatnot- so that acquiring a home loan doesn’t become a hassle. Be sure to find out from your mortgage broker just how much you can borrow and the type of loan and repayment plan best suited to your case. Fees may vary from one area to another which may necessitate the application of additional charges or incentives. Usually, lenders will require about a fifth of the property’s value as deposit so set your saving goals somewhere around that mark.
2) Picking out a good Home
Once you’ve got your finances figured out you can delve into the task of house hunting. Looking for a new home can be overwhelming given the sheer number of properties for sale on the market but you can narrow down that search parameter considerably by determining the kind of life you prefer- the inner-city or out-of-town-lifestyle, how much money you are willing to spend and the kind of design that tickles your fancy. Also, does the house come with the land? This is an important question that could also influence your purchase depending on what you’re looking for.
Fortunately, you don’t have to undergo the horrors of house hunting alone as that’s exactly what a real estate agent is for: to help analyze the properties in accordance with your preference and budget.
3) Getting ready
After submitting your offer or bid (in case of an auction) it’s time to conduct pest and pre-purchase building inspections. Enlist the services of professionals and don’t solely make a judgment off of what you see because the devil lies in the detail and the experts can help pick out those seemingly unnoticeable discrepancies. What’s more, possession of such details will help swing the value negotiations in your favor.
A purchase is only considered valid once you and the vendor have signed on the dotted lines of the contract. Before then though, you or the vendor can opt out of the deal. Different areas have varying policies and buying methods so consult a solicitor to help you understand how property purchases work in that particular area.
5) Moving in
You’ve finally gotten the papers over and done with and practically the purchase is now over the line. What’s left now? Not much else but to move into your home so congratulations are in order! The only other thing that’s left to do now is just to keep tabs on your mortgage repayment and, of course, the utility bills among other accruing charges.
Spirit Business in China is Booming
The worldwide commercial center has seen fast changes equivalent to the ascent and fall of economies and the determined, exponential...
The Ultimate Guide to Coordinate Bridesmaid Dresses
There may be many bridesmaids at your wedding but, bridesmaid dresses can also different as it is the unsaid rule...
The Origins of Community Care
Nowadays, most people have some concept, big or small of community care. Jobs in the field are constantly growing, and...
4 Things You Need to Take on Your Honeymoon
The big day has been and gone and it’s time to set sail for the exotic honeymoon destination. You might...
No Fuss, No Muss – Find out What You’re Missing from Serviced Offices
The serviced office industry has more than gone worldwide. It has transformed modern business in the last forty years to...
3 websites you can visit to sell your used car for a good price
If you own an automobile, there are high chances that at some point you will start planning to sell it...
A Man’s Style Guide for the Fall
It’s often easy to succumb to pressures of the cold and wet weather that Winter brings by throwing your oldest...
Education Aims, Working Position And Its Meanings of Young Nation
The process of defining the meaning of education is problematic and re-conceptualized. An example of everyday life. A multinational company...
Prague – The Perfect City for Your Stag Weekend Adventure
They say what happens in Prague stays in Prague. Well, unless your friends spill the beans, it is more than...
Basic Automotive Paint Care
While the exterior of your vehicle whether dilapidated or otherwise doesn’t really affect performance, stains and scratches could hurt you...
Building a Strong Business
When you’re in the planning stages of your business, you need to make sure you’re laying the foundations for future...
Top 5 Reasons Why You Should Have Homegrown Vegetables
While store-bought vegetables are certainly great foods compared to the likes of junk varieties, they can’t quite hold a candle...
5 Tips to Avoid Errors in the SSD Hard Drive
After a full afternoon of hard work, you open your computer and start Windows. To the surprise and complete misfortune,...
Looking for Addiction Help with Technology
Technology and its advances are changing everything you can think of, even the way people seek help for addiction. There...
1st Art Gallery Reviews Reported on PR – Tips For Abstract Painting
The beauty of abstract art is that it remains free, regardless of the type of painter. However, there is a...
- Home Improvement1 year ago
Choosing Between Fiberglass, Steel And Glass Doors
- Entertainment1 year ago
Best Women Empowerment Films
- Automobile1 year ago
How To Check The Body Frame Of Used Jeep?
- Sports1 year ago
Types Of Arms And Shoulders Injuries On Athletes
- General1 year ago
How To Have A Great Plan For A Family Home?
- Law1 year ago
Things You Should Know About Gangs
- Law1 year ago
Common Mistakes After A DUI Arrest
- Automobile1 year ago
How To Get Good Deals On Used Cars?