Buying your first home is a significant achievement. You have worked so hard to get to that point in life, and it will give you a sense of pride to know you finally have a roof over your head.
Due to the excitement of this great achievement you have made in life, you may throw caution to the wind and make some serious mistakes. Mistakes that can leave you depressed, in serious financial problems and all your hopes of buying that dream home swept by the wind.
Thus, it is essential to ensure you have your facts right before finally deciding to sign on that dotted. This article will help you through the process of buying that important first home.
Know Your Financial Standing
Evaluating your financial status is the essential first step. This is what will give you an idea of the kind of house to purchase and the neighbourhood it’s in. Before you step out to house hunt, know your budget and what you are willing to spend. If you intend to get a mortgage, talk to your bank about the amount you qualify for and the process. If it will take you three months to get the money, for instance, work with that in mind.
That way, you will give the property owner a duration to work with to manage expectations. Let the bank give you all the details of the money you will be expected to pay and for how long. Other costs associated with the loan should also be clear to avoid rude shocks later. If you have the money, start by checking for houses within your budget. Mayfair Gardens or the Belgravia Green are excellent starting points. They ate well-developed properties, and you will be surprised you may start and end your search there!
Watch Out for The Cons
Owning a home is in itself a lifestyle statement. This has attracted excellent developers and cons in the same measure. There are numerous real estate frauds, and you don’t want to form part of the statistics. Cons are waiting for gullible people to make a kill. Do not be quick to buy into any stories that don’t seem to add up. You may even be shown houses for sale and be led to pay for hot air. By the time you realise it, they will have made their money and moved to the next victim. And just like that, your years of hard work will go to the drain. Vet every person you engage and don’t take anything at face value.
Research The Developer
Developers are a crucial part of your home buying journey. You need to know the kind of people who handled the project. Check their portfolios and what customers think about them. Before you purchase, know who the developers are and their source of money. You don’t want to be caught up in a money laundering scam. The developers should also have relevant operating licenses. This will give you the peace of mind that you are dealing with professionals. Besides, you don’t want your house to collapse because a developer somewhere took shortcuts or used substandard materials. The Fourth Avenue Residences condo is one of the properties developed by a credible developer. Use it as a benchmark when looking for quality and credibility.
Consider Your Comfort
Owning a home means adding permanent comfort to your life. It is the place that you will always wake up from and go home to after a hectic day. It should give you the peace of mind, ambience and the rest you deserve. Therefore, draw the list of your non-negotiable items when it comes to your ideal home. These basics will guide you in deciding what you want. It could be location, type of house, size, finishing, and facilities among others.
You can make the journey less hectic and practical by working with industry players. They have the expertise and experience to walk the journey with you and deliver for you. Engage them, and use the points above as your blueprint. Happy home hunting!