Buying a new home is an exciting process, but one that can easily become stressful if you don’t put in the right amount of research. It’s important that you don’t try to rush the process and tick every box as you go along. Make a list of things that you need to consider and work your way through them. This will ensure that when you are confident that you are settled on a property to call home, you wouldn’t have missed anything.
In this article we’re going to look at some extra tips for buying a new home. Add these to your list when searching the market for your forever home.
1 – Find something in your price range
It might sound rather self-explanatory, but you’d be surprised. There’s no good shopping out of your price range, as you may end up falling in love with something that is not realistic for you and going for it anyway, only to regret it later down the line. Be realistic and stick to your price range when searching online and through your estate agent. Also, make your budget clear to your estate agent as well, so that they are not wasting your time by presenting you with properties that are not suitable for you.
2 – Always research the neighbourhood before getting excited
One of the most important things about buying a new home is its location. It could be the perfect price, with all of the features that you were looking for, but if it is in a terrible neighbourhood, then you’re going to have a bad time of it. Factor in distance to schools and all other local amenities such as shops. You should also think about noise pollution. For example: look for a rural property development if you wish to stay away from the main roads and favour something a little quieter.
3 – Check out open houses and book plenty of viewings
Aim to be as active as possible when searching for a new home. Book plenty of house viewings in certain areas that you desire and get a feel for the quality of the homes on the market. It’s always worth looking at other properties in your neighbourhood before rushing into your new home so that you know how it compares to others in your area.
4 – Make an attractive offer
Assuming that you are preapproved for a loan and ready to go you should be prepared to make a competitive offer should you find something that you are really set on. Naturally, you should not go over your budget or go in too strong with the offer, but you also want it to be realistic enough to be taken seriously.
5 – Get ready for closing
Closing on a house can take up to 40-50 days depending on the real estate agency and the party selling the property. Make sure that you allow things to run as smoothly as possible by being ready with all of the information and preapproved financing so that you are not slowing things down.