Buying a house will be the single most expensive decision you ever make. Considering you will be living there for a good few years and paying for it for even longer it’s probably best you give it some thought!
Talking to an estate agent recently, I was amazed when they told me that some people will have a 10 minute walk around the house then make an offer. Stop! Don’t do that, make a list of everything you need to factor into the decision and then take a weighted decision using our tool here.
We’ve thought of a few things you need to consider but let us know if you’ve got anything we’ve missed via the comments.
I’ll skip over the cost, hopefully by now you will have researched what you can afford and at least have a target price in mind. If not then there are loads of mortgage calculators our their to help you. Everyone always says that the most important factor is location, location, location and you know what they’re right! But check it out properly, the house might be in the right place but if it takes 10 minutes to turn out of the drive in the morning because of traffic you might want to think again. Has that ever happened to you?
So here are some things to consider but if you want a really exhaustive list of everything to consider and more besides check out the link to money saving expert at the bottom.
First of all, on viewing the property do you smile, do you whisper, “I love it” to your partner? Has it got the wow factor? This is a gut feel, emotional response but who wants to get all objective about buying your home? Well, actually we do because emotion is all well and good but it doesn’t pay for the damp in the loft you forgot to check out or the plumbing that doesn’t work properly does it? So, always do a proper fault check and let your head rule your heart on this one. Any faults needn’t be a deal breaker just negotiate the cost of repair off of the price.
Consider the distance to work and or school. Are they in opposite directions for example! Obvious but not everyone thinks this through apparently and you don’t want to be racing to work everyday, stressed and late do you now.
Is the neighbourhood as good as you think or is it actually better than expected? Talk to people, talk to the local policeman and post office owner. They will all have valuable insights and experience you may not have.
Lastly, it’s nice to have a big garden isn’t it? Actually it isn’t if you hate cutting the grass, weeding or picking up leaves in the autumn so be realistic and don’t become a slave to it.