Tuesday, April 11, 2017

Whoever Said Buying A House Had To Be Stressful?

When people talk about stressful things in life, there are a few common culprits. Planning a wedding, buying a house, losing or changing jobs, and going through relationship troubles are up there when it comes to making lists of things that stress us out the most. But who said that becoming a homeowner had to be stressful. This should be an exciting time, so let us help you get hold of those keys with minimal hassle. Here are some simple steps to follow.

Work out how much you can afford

One of the most stressful aspects of buying a home is financing the project. Many of us long to have our own home, but it doesn’t come cheap, especially in this day and age. It’s essential to have a realistic impression of what you can afford before you even start thinking about looking for a future home. Using a mortgage affordability calculator is a good place to start, as it will give you a rough idea of the kinds of offers you may receive when you apply for mortgages. A mortgage is a loan, which is taken out to help you buy property. The amount you will be offered will depend on your income, and how much money you’re putting down as a deposit. If you’re serious about taking the next step and starting to look at properties, it’s advisable to arrange a meeting with a financial expert or a mortgage adviser to run through some options and get some solid offers on the table.

Be aware of additional fees

Nothing can dampen your spirits like a bill that comes out of the blue, so make sure you’re aware of any additional costs you may incur once you’ve submitted an offer on a property. It’s worth bearing in mind that you’ll need to cover legal fees, and extra taxes, which may apply depending on where you live. If you start your search with all the knowledge you need in terms of fees and costs, this will make the process much less trying.

Don’t look at properties that are over budget

When you pay more, you get more for your money in the vast majority of cases. If you fall into the trap of viewing properties that are out of your financial reach, there’s a risk that you’ll find something you love, which you can’t afford. It will also be much harder to find something that compares in your price range. Once you’ve got a budget, stick to it. Set a maximum fee if you’re searching online, and stress the upper limit to your agent.

Get a second opinion

Buying a house carries a lot of responsibility, and often, it can be very helpful to get a second opinion. You may value your parents’ input, or you may know a builder or a surveyor who could come along with you and have a look around. It’s particularly beneficial to seek expert advice if you’re looking at a house that needs work.

If you’re hoping to buy a home without enduring months of sleepless nights, bear these tips in mind. Hopefully, you’ll sail through the process, and you’ll have a beautiful new home in no time.

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