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What To Consider Before Buying Your First Home

Everyone has certain requirements when buying their first house. The process of buying a house can be complex and time-consuming such as: does the house have a contemporary architectural design? Does the house have enough bedrooms? Is the house near school for my children? And so many more! Having the important points written down can help you prioritise without forgetting important features.

 Let’s discuss them.

Location of the residence

Finding a location which allows easy access to the places you want to visit frequently like school, work, grocery stores, medical facilities, parks, pools, places of worship, recreation areas and availability of water in the area. Being close to the main roads for easy commuting is another important thing.

Sizes of the lot

Many people give less importance to this aspect, but it’s important. Keep in mind whether you’re looking for new apartments for sale or a house. Once you start looking with this in mind, you will have a preference for corner or interior lots. Some are rectangular or irregular in shape, whereas some are pie-shaped.

The number of bedrooms

Usually people favour at least two bedrooms. With children, this number considerably increases. In some families, children share bedrooms, and some have individual bedrooms for their children. Having an extra room can be convenient, which often doubles as an exercise room, kids playroom, an office or accommodate guests for some time.

The number of bathrooms

Most of the people prefer two bathrooms. Some older homes may have a single bathroom where adding another may not be feasible. The style and size of the bathroom should match your requirement.

Kitchen layout

Being the heart of the home this is the place where good food is prepared for everybody. Deciding the size, layout and position of kitchen cabinets, shelves, sink, gas stove, microwave and different plug points. Parents who prefer teaching their children to cook healthy meals might require more space.

Age, style and condition of home appliances

Take some time to find out the condition of the appliances as replacing them is expensive. Some appliances are economical to add like microwaves. Make sure to check out the property listing to know which appliances are a part of the purchase.

Age of the house

Price of the property varies with its age. Bigger homes which are older may cost less and vice-versa. Older homes will need more repair work of several things. Some people may like the vintage look and styles, making them prefer old homes. Also keep in mind whether the house is a heritage house, because you might not be allowed to renovate. In that case, looking into new housing developments could be more suitable for you.

Purchase price

Even before looking for a home, you should first determine your budget and get a pre-approved loan. When your first home will be a huge investment, plan your finances, savings and how much money you are ready to pay for your new residence, including mortgage payment.

Sellers incentive to sell

Some sellers don’t care about the sale of their property. Some are motivated to; having a reason like relocating; an estate sale and some may have two mortgages with the will to sell one of them. These sellers can offer a good price for the urgent sale of their property.

Maintenance

When buying a used property, there will always be a list of maintenance items like small or large repairs, replacements and different additions to your house. Add only the necessary ones depending on your budget as you have to maintain them in the long run.

Nowadays, a lot of time and energy is utilised in getting the best deal. Also, make sure to share this article with anyone who can benefit from it.

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