The Best Tips For Buying And Moving Into A New House
Posted on 19/08/2014
Buying a home is a very big but also very exciting decision in your life! If you are fortunate enough to be at this stage of your life, there are still probably a few lingering questions that you have to ask yourself and some serious decisions that need to be mad before finally buying and moving your new home.
To ensure that the process is a positive one, we have compiled a list of helpful tips that every buyer should consider when purchasing a new home.
The first step may seem like an obvious one, but many buyers never seem to take the time to reflect upon this question. Am I ready to buy my new home? Forget the suggestions of your friends and family and take the time to weigh up the pros and cons and instead ask yourself what decision is ultimately the best for you.
Owning a home is very different to renting a home and there are many more responsibilities that come with the purchase including financial responsibilities too. Ask yourself if you are ready for what could quickly become a financial burden, there are many hidden costs such as insurance or repairs, these costs will fall entirely upon your shoulders and you will no longer be able to ask your landlord for help. If you have any outstanding debt to pay off then it is probably not the right time in your life to purchase and to move a new home.
When purchasing your new home you will have to ask yourself another question, how much can you afford? It’s important to remember that you will not only be paying your mortgage but also homeowner’s insurance and taxes which can seriously affect your finances.
If you opt to buy a house that you cannot really afford, you may not be able to meet other commitments such as grocery and electrical expenses. Try to ensure that your household costs do not exceed more than thirty percent of your monthly salary and if they do, choose a smaller house to move in!
Right, you still want to buy a home? Well then where do you start? The internet has become a fantastic resource for first time buyers and you are initially able to shop around from the comfort of your own home. It has been reported that nearly 80% of all home searches start with the internet and it’s no surprise why, there are thousands of listings, information about various areas and pictures to help you get an initial feel for the house and the neighbourhood you would like to live in.
Shop around for loans, there is no need to settle for the first offer that you receive, but you should instead consider your price range before you decide to accept a loan. This requires some time and effort, but at the end of the day it will benefit you and you will be glad to have put in the little extra time. Ask your local banks or credit unions for further information.
If you do not want to do this yourself, then you can always hire some help from the professionals, a mortgage broker is who you’ll need. Mortgage brokers will do the research for you, taking several companies into account to uncover the best rates for you!
Once you have your eyes set on a home, you should seriously consider getting your home inspected by a professional. This will determine whether there are any concealed problems with your house, which may not be visible to the untrained eye. A home inspector will know what to look for. Whether it is repairs, mould, bad electrical wiring or leaks, they will be able to identify any issues that could help prevent you from buying a faulty house and having to fork out extra cash (that most of us do not have).
If you are interested in moving and storage services you should contact Accredited movers.
