Top Tips for Buying Your First Property


If you are thinking of buying your first home, it is likely to feel like an exciting adventure, but also an overwhelming one. A property is a huge undertaking, and the process can seem a little daunting. There are a lot of considerations to be made. If you have children then you'll need to look into the local schools and if you work then the commute will be an important factor. Think about whether you'd prefer an old house or a new build? There are pros and cons to both but bear in mind that an old house may need quite a bit of restoration work and this will increase cost. Look for structural problems such as woodwork damage, mold and mildew. Having your gutters cleared on a regular basis by a firm such as Clean Pro Gutter Cleaning Kansas City can prevent many of these issues.

With lots of different parties involved, piles of paperwork and a large sum of money involved, you probably want to learn a bit more about how it works first. 

Here are some top tips for buying a property that will help put your mind at ease and get the ball rolling on your new adventure. 

#1 Check your credit score 

Before you can even think about purchasing a home (unless you are paying it off in full with cash) you will need a good credit score to apply for a mortgage. There are a variety of sites you can use to check your score, such as Experian, who will tell you if your credit is in a good place or not. If it is not, your mortgage application is likely to be rejected, which can negatively impact your credit score even more. So make sure you check your credit score, and if it is not where it needs to be, work on improving it.

#2 Find out how much you can borrow

Finding out how much you can borrow is an important step before you start house hunting. The last thing you want to do is find the house of your dreams, and learn that it is not within your budget! You can speak to a mortgage adviser who can provide you with a range of mortgage products available to you, depending on how much of a deposit you are putting down, so you can go house hunting with the right budget. This will also provide you with more information on how much the monthly payments will be, so you can decide whether you want to use the full budget available to you, or not. They should also help you secure a mortgage in principle, which is essential to the house-hunting process and putting in an offer. 

#3 House hunting 

Now you have the most important part of the house buying process sorted, you can start the fun part, which is hunting for your house! It is vital at this stage that you don’t just jump to the first one you see. You should conduct thorough research for each property that you like, check the area, come up with a range of questions for the estate agents and view it more than once. If you are prepared before the house viewing, then you can get the most out of the property visit. It is easy to view a property and miss important things that may impact you later down the line because you are excited. You may also wish to view the area at different times of the day and week, so you can get a better idea of the noise levels and the neighbours. You will then hire a solicitor, who will be able to run more in-depth checks for you to ensure the property is up to scratch, and assist with all the paperwork. 

There is a lot involved when it comes to buying a house. As long as you are prepared, you can make the process of purchasing your first property much easier. 

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