If you’re buying your first home, then there’s going to be so many thoughts going through your head while you’re searching. Is it big enough? Is it going to be affordable? Is the area good? You’ll often look at a few different houses before you eventually think ‘WOW’ and know for sure that you’ve found the perfect home. But it isn’t just new home owners that go through this. You could already have your own home, but you’re going through the moving process again in order to find something better.
So whatever stage you’re at, and whatever your reason is for your move, we want to make sure you’re going down the right route. The right route will mean it is smooth, less stressful, and more enjoyable. Read on to find out more.
Have You Considered Renting?
This is may be aimed more to people who are trying to get onto the property ladder for the first time, but it can also apply to people who are struggling to afford a mortgage and being tied down with owning a home. Renting is a safer option in that case. You’re not as tied down as you are with a mortgage, and things are definitely a lot less stressful than if you were trying to get a mortgage. If you already own your own home and do have a mortgage, then renting might be something for you to consider. All you would need to do is sell your house, most likely for more than what is left on your mortgage, pay off the mortgage, and you should have some left over to live comfortably as well as pay the bills whilst renting.
Renting Offers Flexibility
The beauty about renting is that you can go anywhere, and there’s so many different styles of accommodation to choose from. There are houses, apartment, bungalows, and condos for rent. If you’re bored of the one home you’re in, all you have to do is wait for the contract to be up and you can move to a different area. For first time buyers, or potential renters, it is a much more relaxed process to go through. You don’t have to have the stress of saving up a lot of money for the deposit, and you don’t feel pressured to make a decision that could impact your life for years. It is also good for couples who are thinking of first living together. Living with someone else is a lot harder than you might think. So testing the water with renting is a sure fire way of knowing you’re ready to commit together, and take a bigger step in the future with a mortgage.
Are You Looking In The Right Place?
If you feel like you’ve been looking for a house for ages, but you just can’t seem to find one that fits your needs, then you might be looking in the wrong place, or maybe even the wrong type of property. It’s understandable that you might want to stay close to a certain area for needs such as family, work, or staying close to the area where you grew up. But if you take a leap of faith and spread your wings, there’s so much out there that the country has to offer. There are many different styles of rental places, many different locations, and so many more opportunities. Your family will only be a car or plane journey away. You might like to consider living by the beach. The properties are just amazing, the atmosphere is even better, and you’ll generally find yourself in such a more relaxed environment.
What Are Your Future Plans?
This is always something you should be thinking about when you’re making a move as big as getting your own place. The financial risks are high, and it can stop you from doing the things you once used to love. You’ll definitely need to start getting used to budgeting! But if you future plans hold the potential of starting a family, you should really start thinking about that now, especially if you’re going to get a mortgage. Once you’ve gone through the process of buying your first house, you don’t really want to go through it all again for a while. There’s too much stress involved, and too much money to be spent. So it might be worth getting a slightly bigger house that will give you the room to start the family you’re hoping to do. You also want to think about your future in terms of your job. Some people just hate being stuck in the same job for years and have to move around. If you’re looking for something bigger and better, the city is always an option. Cities open doors that smaller towns just can’t.
What Type Of Build?
We’ve touched lightly on the types of builds that you can get, but they all have their benefits and negatives. With an apartment, you have the benefit of having maintenance included with most blocks that you’ll look at. As there’s plenty of things that can go wrong within the home, this is a bit of a perk to have. However, they are smaller, and can definitely be more expensive if you were to look at places by the beach, or in the city. However, there is more of a communal vibe, and it is easier to make friends which is handy if you’re going it alone. Then you’ve got a house, the one that most people go for. Unlike with the apartment, you’d definitely have to fix anything that went wrong within your home which can be a bit of a pain. But you’ve also got the freedom of having your own space, not having to worry about hearing anyone else stomping around, and the freedom to be able to start your own family. You can generally get a lot more for your money with a house.