8 Things You Should Know Before Buying A House

One of the greatest joys of adulthood is the moment you finally have the money to move out of your parent’s house and into your own space. Buying your first home is always the start of an exciting chapter in your life and there are a lot of benefits to doing this sooner rather than later. 

If you feel like you are ready to take the leap and invest in a house this year, here are some of the things that you need to know.

Things You Should Know Before Buying A House

1. Use a trusted agent 

It is incredibly important when buying a house that you use a trusted estate agent from the get-go. When on the search for a home, make sure that you look for estate agents that you know and ones which have a good reputation. Even if you find a good house, if they are being sold with a shady estate agent this might put you off wanting to make the commitment. If you are unsure which estate agents to choose, ask around with people you know and see what they say. 

2. Be prepared for paperwork

Two of the most important things you need to buy when you purchase a home are a good pen and a box folder. These two things will be more important than you think to you in the home because they will allow you to sign contract after contract and form after form, and organise them all in one easy to reach place. During the course of buying a house you will need to sign a lot of papers and this means that you need to get your wrist ready and nail that signature! 

3. Buy for the future

Buying a home is not the same as renting a house or a flat. It is a long term commitment you will take on with a large investment, and it is something you need to really think about before you buy. Make absolutely sure when you look for a house that you buy a home which you will be able to live in comfortably for at least 5 years. Think about what you plan to do in the next 5 years… will you get married? Have a child? Get a pet? If any of these things are true you will need to buy a house which accommodates these things easily. 

4. Think about commitment

As we said above, buying a house is a big commitment. Once you buy a house you will be tied into a contract for 20 plus years, and when it comes time to sell, you will need to wait for months often to sell it and move on. This means that you need to be at a stage of your life where you are ready to settle down and make a life for yourself in one place. Make sure that you are ready to stick around in one place before you buy. If you want to travel the world and you still have some uncertainty in your career, it might not be the right time for you to but just yet. 

5. Understand the cost of work 

Most of the time when you buy a house, unless it is a new build, you will want to change the decor and update the fittings. It is incredibly important for you to know how much it costs to buy paint and plaster, to rewire the house, to fit new cabinets and change the plumbing. When you go for the first viewing in a house you will often already start thinking of ways to change it and make it your own. However, it is also important for you to think of the cost involved and whether you can realistically afford it. 

6. Buy the house you can afford

This should be the most obvious point in the world, however, as well as the process of getting a long term secured loans from Evolution Money for the home, there are extra costs to consider. As well as the deposit for the house, you will need to pay for the solicitor, stamp duty, energy bills, mortgage payments and interest, and furniture. All of these costs put together will make for a vastly different cost to what you initially thought, and this can be a deciding factor.  

7. Get ahead with furniture

If you are about to take the first leap to being a homeowner, it is unlikely that you will have an arsenal of furniture ready to move to your new home. Starting from scratch with a new home can be a bit daunting and there are a lot of pieces you’ll want to add to your checklist:

  • Sofa and chairs
  • Table
  • Bookshelf or Storage unit 
  • Lamps
  • TV and Stand 
  • Fridge
  • Freezer
  • Oven
  • Microwave
  • Toaster
  • Kettle
  • Bed
  • Wardrobes 
  • Chest of drawers 

There will be many other things to buy for the home but this is a good start. It is always a good idea once the offer has been accepted, to start collecting furniture ready for the move. You can buy items and hire a self-storage unit and keep them in there until moving day. Once you have all of your furniture ready to go, it means that you can kit out the whole house on the first day and you’ll be ready to cook food, sleep in a bed and enjoy the TV. 

8. Remember there are more options

One of the things you can consider when buying a house is not buying at all. Buying a house is something which is a large commitment, expensive, and can sometimes be too much for some people. It might simply be that you are not at a stage in your life where buying a home is right for you, and this is where renting can come in. Renting a house or flat is a great idea for you this year if you want to move in quickly, pay less, and have more freedom in terms of cancelling the contract and moving elsewhere when you need to. 

Thanks for stopping by today, I hope you’ve enjoyed this post.

rachel bustin


*This is a collaborative post


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