Are you thinking of buying a house for the first time? It’s quite common to have doubts or feel scared about it. But don’t worry, today at Villasbroker, and thanks to Global News, we bring you some tips that you should take into account when starting this process. They sure will help you a lot!
TIPS FOR BUYING A HOUSE FOR THE FIRST TIME
Buying a house for the first time is certainly a big step for anyone. For some it could be the biggest investment they are going to make in their entire life.
And as we know that it’s a process that can be difficult for the first time, we show you these 5 tips that will help you to buy your first home:
1- SAVE MONEY
This is a very important first step to make before getting into the process of buying houses. As you don’t have any personal references it would be much more difficult to get a good real estate agent to work for you without first having the money.
Ideally, you should have money saved to buy the property you like. You definitely don’t want to fall in love with a house that you cannot afford later.
You can also borrow a loan from the bank. Once you have it secured, you can start the searching process.
2 – HIRE A REAL ESTATE AGENT
This is really your decision; you can find the house you like without any help. But it’s highly recommended that a professional guide you and help you to get the house that best fits your needs.
After all, it’s the first time you buy a house while real estate agents live by finding or selling properties for their clients. They will have multiple options to offer you.
Just find a real estate agent who inspires confidence and listens to what you want. Surely it can help you find the house that best suits you taking into account everything you need.
3 – SET A BUDGET
If you have already found the house of your dreams and you have the money to buy it, you can do it. But you must take into account that the cost should be something you can handle.
Maybe you can afford the house, but it shouldn’t be the only thing you can afford. You must have a budget of every expenses you have and of how much you can dispose to acquire the house.
The best way to know if you can afford the house is according to B.C. is to imagine that you get fired and you have no income for at least 3 months. If you would still be able to afford the house then you can buy it, if you don’t … you better find another option.
4 – HAVE AN OPEN MIND
Many real estate agents will want to show you beautiful and gigantic houses full of luxuries that you will surely love; but seeing that you can’t afford them, it’s better to have other options that may not be as amazing as the other ones.
You may find a house that needs a couple of repairs, maybe another coat of paint or a more modern decor.
But at the end, if it’s in your budget and fits everything you need, you must be able to have an open mind to make the decision that suits you.
5 – CHECK THE CONDITIONS OF THE HOUSE
Another important thing is to inspect the house thoroughly before buying it. Not necessarily because it’s an affordable house means that it has to be falling apart.
Nor should you limit yourself to worrying about the size or number of rooms the house has; but also of the conditions in which the pipes, outlets, ceilings or walls have.
They shouldn’t have any type of leaks, cracks, fungi, insects (like termites), nor electrical problems.
Once you complete all these steps and find the perfect property to make the first purchase of your very first house, you will only have to move in.
Are you planning on a buying a house for the first time? We hope these tips have been very useful to you! 😉
- Patricia Kozicka (2016, March 10). 4 dos and don´t of buying your first home. Retrieved from: http://globalnews.ca/news/1861017/4-dos-and-donts-of-buying-your-first-home/