Buying your first property can be a very daunting and stressful event, but by following a few simple rules you can alleviate a considerable amount of worry…
Know Why You Want To Buy
It’s important to be clear on your reasons for purchasing your first home. If you are still trying to decide whether you want to buy, a great way of clearing things up is to write down the pros and cons of your current situation and for buying and owning your own home. Once all factors are laid out you will be able to clearly see which situation is a better fit.
Prioritise Your Requirements
Prioritise with your spouse, partner or co-buyer the most important requirements of your new home. Discuss differences and concerns quickly and honestly. Don’t find out there is a major disagreement a week before settlement.
Decide What Home Type You Want
Determine what type of home you’re interested in i.e. single residence on a block of land, unit, townhouse etc.
Decide What Area You’d Like To Live In
Consider whether you want to be close to schools, shopping or your workplace or family. Do you need to be close to transport facilities? Inner city or suburbs?
Create a Wish List of Your Ideal Home
Include things like the number of bedrooms, number of bathrooms, size of the yard and gardens, motor vehicle accommodation, garden shed/workshop, living and entertainment areas, proximity to neighbouring properties.
Do you want your home to be low maintenance or a ‘do-it-up’ project? Single or multi level?