Buying your first property isn’t something to be taken lightly. No matter if you have big money or if you have been saving for a while you should always be cautious and consider a few things before you jump the gun.
The property market is always on the move and sometimes you get great deals others not so much. There is a lot of property all-around waiting to be bought but before you opt for that there are some things that should always be considered before you spend your hard-earned money on anything.
Gathering information and getting help from professionals is the number one step towards your new property. Today we have a list of several things you should consider before you buy your first property and thanks to the Urban Treasures the road to your first home has just become a lot easier.
Before any further ado let’s jump right into this list and see what you all first-timers need to pay special attention to!
1. Don’t worry about minor cosmetic issues
Every house has some issues and those minor ones are more preferred than bigger problems that will take a lot of money and time to sort out. When it comes to minor issues, things like exterior paint, interior paint, weird colour or shape backsplash in the kitchen.
These are all the things that you can change and improve very quickly and they shouldn’t be the things that make you pass up the most perfect property. So, always be open-minded and see the bigger picture.
2. Location
Sometimes a nice property, probably a cheaper one, will be more appealing to you from a financial side but what any real estate agent will tell you – location, location, location. No matter how beautiful a home is, how modern it is, no matter that it doesn’t need any additional investment in it, you will never be able to change the location of your home.
More than half of what sells a certain property is its location. You can have a castle of your own but if it is somewhere that is unappealing to most buyers you will never sell it later on. Avoid remote properties and those near a freeway, busy streets etc.
4. The traffic
Most of you will probably go to look for a home or a property somewhere in a nice neighbourhood where there is not a lot of fuss, traffic and similar. What you need to do before you opt for your property of choice is visit it during different times of the day and night.
When home hunting you visit the place, you want to see only once and at a certain period. When you narrow your choices down you should make a task to go by that property at least two or three more times at different times of day to make sure that in those times nothing happens that you haven’t been told or seen and heard for yourself.
5. The neighbourhood
This is another thing that is highly important when buying your first property. You want to settle in a nice quiet neighbourhood and enjoy your home as it is intended. If you can try and ask around the neighbourhood of your desired property and see how they are.
Not always is as depicted on your property tours. Ask for noise, parties and other things that concern you or that you might find annoying. Jot everyone enjoys loud cars running up and down the street, music and partying every other day. Keep an eye on that.
6. Get everything inspected
There is a low chance that your next property is going to be sold as not inspected, but for a piece of mind always ask for the paperwork and if it isn’t there walk away no matter how good it is because you are not aware of what you are getting yourself in. get everything inspected and do as many inspections as you can or as you need. Having a calm mind and going into a big purchase with certainty cannot be emphasized enough.