Buying a house for the first time can be incredibly exciting. But it can be quite hard to know exactly what you’re looking for. You may already have a budget in mind. Depending on where you want to live, that budget may not stretch very far.
However, new build properties from Linden Homes have Help To Buy schemes that can ensure you get the very best property for your money. So what are you looking for? When you’re looking to buy a property, it’s important you pick a place that is suitable for your needs.
It’s always a good idea to live within your means. That goes for houses too. The bigger the property, the more expensive the council tax and heating costs will be. Picking something that has just enough space for you will save you money overall.
The next thing you need to consider is how energy efficient the property is. An A grade on the EPC is the very best you can get. Most properties are C or D graded. You can also now find information that will give you an estimate of what your running costs will be. Don’t forget older properties may require far more maintenance than a newly built property. You should factor this in when considering your budget.
The location is everything. You want to choose a property in a neighbourhood that is low on crime, not too developed, and not likely to be developed near to your property. If you’re buying a place for the view, your solicitor will be able to confirm if the land is likely to be built upon in the future. You should also check if the area is susceptible to flooding or seismic activity. A history of subsidence could make your property difficult to insure and difficult to sell on in the future.
A house is not just a home. It’s an investment. You want to be certain that you can make a profit on that property. You might choose to look for places that you can renovate or extend to increase its value. Those that need an overhaul are often sold more cheaply. New kitchens, bathrooms, and loft conversions can be good to do. Of course, if you buy new, you can pick the flooring, kitchen, and bathroom suite you want so it’s all ready for you when it’s built.
If this is the first house you’re buying, you are a desirable buyer. This is because you don’t have any chain. There is no property that you need to sell before you can buy another. When you’re buying, it can be better to choose a property that isn’t part of a chain. You could have more control of the completion date, and there is less chance of the sale falling through.
Buying a house is a really big undertaking. It isn’t something you can do quickly and easily. When a mortgage is required to buy the house, there are a lot of legal processes to get through. Some lenders can make it tough on you too! But if you’ve found the house of your dreams, stick with it. With just a little tenacity, you could be the new owner.