Purchasing your first home can seem daunting, but with a little planning, you can rest assured you’re making the best decisions for this milestone moment.
Purchasing your first home marks a significant and exciting time in anyone’s life but can often be met with a great deal of anxiety. With so many things to consider, it’s easy to forget an important detail or two in the thrill of it all, no matter how obvious some things may seem. Purchasing a home is a huge financial obligation, therefore it’s best to cover your bases and ask all the right questions before rushing into it. From the basics to the big decisions, below are a few key considerations when purchasing a home.
Selecting the right location
Finding the most suitable location for you and your family is a significant part of purchasing a new home as it sets the tone for your day-to-day life. Select a few favourable areas and weigh up the pros and cons of each such as proximity to work and school, safety and average age of residents, etc. before making a decision to ensure your lifestyle will seamlessly blend with your new neighbourhood.
A home best suited for your needs
We spend so much of our time in our homes so it only makes sense to make it a sanctuary that best meets all of our requirements. Really do some intense thinking of what your priorities are in purchasing a home and go from there. The worst thing you could do is make a rushed decision and realise you can’t make the home you’ve purchased work for you.
Think about your long-term life
Buying a home to suit your current needs is important, but such a long-term decision requires more long-term thought as well. Consider what you’d like your life to look like a few years down the line and account for potential growth, both in terms of who will be occupying the space and expanding and renovating when purchasing a home. Perhaps you plan on growing your family or creating a home office environment, which should all be considered in your initial deliberation.
Choose practical features over flashy ones
It can be easy to fixate on all the glamorous parts of purchasing a home such as fancy light features or a particularly beautiful bathroom sink, but that shouldn’t overshadow the practical features such as sufficient storage and good security.
Run through the potential issues
Asking all the important questions can save you from a lot of hassle and unforeseen expenses and hidden costs down the line. Ensure that the home you are purchasing is not at risk of any major faults such as water, flooring and structural damage. Make the assessments yourself where you can; keep an eye out for water blotches, cracks, mould, uneven or bouncy floors, etc.
Account for the payment of transfer and conveyancing fees as well by always keeping a little more cash than you think you need aside.
The entire process of selecting your first home will never be perfect, but once you’ve comfortably settled in and found your new happy place to create wholesome memories, it will all be worth it. And when you are ready to renovate or make any changes to your new home, our Tiletoria team will be waiting for you at your closest showroom with friendly advice and suggestions.