Buying a new home is one of the most important steps you and your family can take, and it is a big responsibility to undergo. While there are obvious steps involved in finding a home that is suitable for you, such as choosing a place with the right number of bedrooms and a large enough entertainment space, there are many other financial obligations and practicalities to consider. If this is your first time buying a new home and you are unsure of what you will need to consider, here are four simple tips to help you find the perfect space for you and your family.
Getting a mortgage
Ideally, you will be able to get appraised for a mortgage ahead of time, so that when it comes down to finding your perfect home, you’ll know roughly what you can afford. A good credit score is useful when it comes to getting a mortgage, but it’s not an absolute necessity, as there are companies like The Money Hub who will help you find a mortgage even if your credit score is low. Once you’ve found the right lender offering a reasonable mortgage rate, you will be able to begin the process of finding and closing on a new home.
Appraisal and inspections
While the bank may require an appraisal before you officially close on a new home, you should still consider hiring someone to do an independent inspection; this is even a clause you can add into your contract if you would prefer. Whoever you get to survey your home should preferably have a background in construction and have an understanding of the structural safety and practicalities of a home, including knowledge of tiling, plumbing, and electrical installation.
Consider the floorplan
The layout of your home is incredibly important, as a house may be beautiful but it might not be practical. For example, don’t just consider a house for the number of bedrooms alone, as if some of the bedrooms are downstairs it might not be suitable if you have young children you want to be on the same floor as. Some other features you should consider are the incline of the staircase, the number of levels in the house, door widths if you have pushchairs or mobility aids to accommodate for, the size of the bedrooms and garden space to name a few.
Research the neighbourhood
Of course, your house is important, and you will want to choose a home where you will feel comfortable. However, it’s no good finding the perfect home if it is in a neighbourhood that you don’t feel is suitable for your family. Some things you should consider are traffic during commuting hours and the number of high-speed cars travelling down the local roads, noise levels, number of convenience stores, and any other necessities you feel should be nearby. It is also worth checking out the local schools to see whether they live up to the standards you’d expect for your children’s education.