Searching for a new home is exciting, but it can also be stressful. If the demand for housing is high and costs are rising, you may find that you’re in for a roller coaster ride. If you’re ready to buy, here are some top tips to help you find the perfect place.
Sort your finances
When you’re looking for a new house or apartment, it’s tempting to start browsing listings straight away. Before you get carried away and fall head over heels for properties that are out of your price range, sort your finances. Contact reputable companies to find out more about mortgage lending products and figure out how much you can afford to put down and pay monthly. It’s best to try to save as much as possible for a down payment. This will reduce the amount you have to borrow and save you money in interest. There’s nothing wrong with being ambitious and stretching yourself financially if you find your dream property or you’re buying a forever home and you can afford the repayments, but avoid putting yourself under pressure. You don’t want to find yourself in a situation where you can’t enjoy your new home because you’re stressed about money. Once you have a budget, you can contact agents and set filters for your online search.
Establish your priorities
Every buyer is different. When you go into a search, it’s helpful to have a list of priorities. Think about what is essential to you and what you’re willing to compromise on if you can’t find a home that checks all of the boxes. For many people, location is the top priority, but if you’re more flexible, you may be able to get more for your money or find a home that matches your style preferences. Consider how much space you need and think about your lifestyle. Use your wishlist to help you narrow down the options.
Check listings and arrange viewings
Even if you think you know exactly what you want, it’s beneficial to contact agents and browse listings to find different types of properties in locations that interest you. Be open-minded and view a range of houses or apartments. It’s useful to have reference points to make comparisons and you may be surprised at how you react to certain properties.
If you have a shortlist, arrange second viewings and focus on how the house will suit you. For many buyers, it’s important to have an emotional connection, but it’s also crucial to be practical. Is there enough space or the potential to add more space? Is the location right? Have you got access to work, good schools, green spaces or facilities and amenities that are important to you?
Are you ready to start searching for a new home? If you’re keen to buy, it’s beneficial to sort your finances, establish your priorities and explore properties. Try to be open-minded and view a range of homes and consider what is most important to you. Set a budget, filter results and communicate with agents you trust.