1. Figure out your Budget
The first and most important thing you should do before beginning your journey as a buyer is to organise your finances and decide your budget.
First time buyers need a deposit of 10% – all other purchasers need 20% deposit.
If you are moving from one home to another it’s often best to have your current property valued to see how much you need to borrow for your new home.
2. Do Your Research
Once you you’re ready to start your search and have decided on your budget it’s time to do your research. Narrow down your search by choosing your preferred locations. Visit these areas and get a feel for the place. Check out the local amenities, the schools, shops, restaurants, and more. Don’t forget to check out the local transport links and commuting times to your place of work.
Make sure you’re happy and comfortable with your chosen location.
3. Attend Viewings
On viewing days the property typically looks its best, prepare a list of questions and checklist prior to arriving to avoid getting distracted or caught up. For instance, what’s the natural lighting like in the home? Are the bedrooms big enough? Is there enough storage? Is the attic converted? If not, can it be? Have a list of essential must have requirements.
4. Be Sure about your Decision
An old but reliable way to help you make your decision on whether you’re deciding if a property is for you or choosing between several potential homes is to make a pros and cons list. Take everything into account, like how much work or finishing touches needs to be done, how many bathrooms there are, distance to shops, schools, sports facilities etc. This will help you move towards your final decision.
5. Arrange a Solicitor
Now that you’ve found the right home for you it’s time to appoint a solicitor. Your solicitor will guide you through the buying process and help you organise all the necessary documents.
6. House Survey
Finally, get an engineer to do a report if your offer is accepted. Your offer should be contingent on a satisfactory report.
