6 steps to finding & buying a home you’ll love
Buying a home you’ll love is easy if you follow these 6 simple steps
Talk to your bank or mortgage broker. You need to know how much you can spend. It is dangerous to look at properties you can’t afford, you’ll only become disheartened.
Choose an area before you choose a home. Pick areas based on these 4 criteria: Affordability - Are properties in this area affordable for you? Appropriateness - Is the area appropriate for your lifestyle? Area Amenities - What do you need? Schools, Shops, transport, medical/hospital, recreation, & employment opportunities etc. Availability - Is there a range of suitable & affordable properties available to choose from?
Make a list of what you need. Don’t describe your dream home, just your needs. You will rarely find your ultimate dream home, so don’t set yourself up for disappointment. Based on your criteria, start looking online to see if you can find homes you like. Attend open inspections once you have located a number of possibilities. Always take a check list with you to ensure you stay on track with your needs.
Compile a shortlist of those homes you liked. Consult with other family members before you make a decision, then go back for second inspections and take your family with you. Ask the agent for a private inspection so you can spend more time exploring the home and getting a sense of whether this is the right one for you.
Once you have found “The One”, you should do your due diligence to ensure the property is everything the owner/agent has presented it to be. • Engage a solicitor or conveyancer to look over the contract and to handle the conveyancing. If you don’t know one, ask your friends to refer you to someone they trust. Get a building and pest inspection. You don’t want to find any unwanted and potentially expensive surprises after you move in. Visit the immediate area on different days and at different times. This will give you a better idea about any possible issues that might arise after you move in.
Your solicitor/conveyancer, & your bank/broker will advise you on the best way to proceed with the exchange of contracts and payment of deposit.