It can be a daunting experience to buy a home. You are left wide open to all sorts of dodgy things being to you by the seller, their estate agent, and your own estate agent, if you have never done it before. However, as with many things in life, a little knowledge goes a long way. If you’re buying a home, here are some things you should know.
First thing to consider is that you won’t go wrong if you set a budget and stick to it. Work backwards to include agents’ fees and other expenses such as surveys after you have worked out what you can afford. To compute for the maximum price that you should pay for your house, take your budget and subtract the fees and expenses. If you go over, you’ll struggle and get yourself into all sorts of bad debt and once you get into debt, it’s hard to get out.
Always having a proper survey done is the next important thing to consider. It can be tempting to skip it or try to do it yourself from a checklist you found in a book because they are expensive but if you buy the house only to find something that the survey would have, then it would be much more expensive for you. It is therefore not a good idea to buy houses at house auctions because of this very reason because sometimes, they will have drastic structural defects that a survey would have found, but you’ve just committed to buy the house without one.
Taking your time is actually the last piece of advice I have for you. When you decide to move, you would be tempted to just dive in and see as many houses in a week and then try to buy one of them. The people who find the best houses, though, take a year or even more, looking at only a few good houses each week, until they find one that really grabs them. If you do it this way, not only will you be less stressed, but you’ll also be much more likely to be happy with the result.
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