What to Keep in Mind as a First Time Buyer

Tips for first time property buyers

Buying a property is one of the biggest transactions that you will probably ever do in your lifetime. This is the subject of the following guest post from a financial writer looking to offer their insight into the often confusing world of Buying a home.

A person of any age can be a first time buyer, and regardless of how old you are, nobody can take away the excitement and anticipation of purchasing your first property. Whether you’re looking for a city centre apartment or a countryside retreat, your home will be yours to do with as you please. So if you have dreams of pretty pink walls or doing an attic conversion, you’ll finally be free of your letting agent stopping you from doing renovations to your heart’s content! There are some more practical things to keep in mind as a first time buyer though, so if you’re thinking about getting yourself on the property ladder, you might want to read on...

New build or existing property?

You’ll need to think about the type of property you want to buy, and its age. There are many new build developments in the UK that can be a good option if you want somewhere that nobody else has touched. You may also be eligible for a low deposit scheme depending on the property developer. If you crave more character, you might want to look at a slightly older property which may also offer you larger room dimensions. You’ll know what’s right for you in terms of car parking, inside space, a garden or balcony, available storage, and the likely cost of renovation work.

Location, location, location

Once you’ve decided which type of property you would like to buy, you’ll need to think about where you’ll find it. There are of course plenty of apartments to be found in a city, but you might dream of living further outside the hustle and bustle to commute to work instead. When you are looking for properties, keep in mind nearby transportation hubs and motorways, as well as the proximity to amenities such as supermarkets and local services. If you want to buy a property with a view, make sure to find out whether land nearby is likely to be used for development as it could affect the price of your property when you come to selling in the future.

Mortgages

Now you have a better idea of what you want and where you want it, you will be in a position to convert your deposit into a mortgage. It can be a pretty confusing process which is why a solicitor and an advisor in bank can be essential. Yorkshire based QualitySolicitors are one such company you may want to get in touch with when it’s time and they’ll also be able to offer other property advice such as conveyancing and planning laws.

Removals

Moving day has finally arrived! Once you get the keys to a property it’s time to move all of your belongings from one place to another and this can be a bit easier said than done. Do some research to find a removals company who are able to fit in with your schedule, as well as putting plenty of care into the job. It can be distressing if items are broken or lost during transit so this is important for making the whole experience a success.

Interested in guest posting or writing a sponsored post? Feel free to send me an email (mrmoneybanks<at>multimillionaireroad<dot>com), find me on twitter @millionairer0ad or comment.