• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar

Eighty MPH Mom | Lifestyle Blog

Chic Moms and Luxe Kids: Fashion, Health, Beauty, Recipes, Home Hacks, News, and DIY

  • Home
  • Best of
  • Contact
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube
  • Home
  • About Us
    • Disclosure Policy
    • Accessibility Statement
    • Privacy Policy
  • Featured Moms
  • Childbirth
  • Health
    • Exercise & Fitness
  • Mental Health
  • Food Finds
    • Wine
      • Beverages & Spirits
    • Recipes
      • Keto Friendly
      • Healthy Options
      • Breakfast
      • Lunch ideas
      • Main courses
      • Appetizers
      • Side Dishes
      • Desserts
  • DIY/Crafts
    • Crafts for Kids
  • Home & Garden
    • Home Decor
    • Home Improvement
  • Lifestyle
    • Fashion
    • Beauty
    • Jewelry
    • Shopping
    • Gift Ideas
    • Gift Guides
  • Lyric’s Posts
  • Entertainment
    • Movies & Television
    • Games
    • Books/Authors
    • Music
    • Outdoor Activities
    • Parties/Celebrations
  • Travel
  • Reviews + Giveaways
    • Reviews
    • Giveaways
    • Giveaway Rules
  • Holidays
    • Valentine’s Day
    • St. Patrick’s Day
    • Easter
    • Mother’s Day
    • Father’s Day
    • Halloween
    • Thanksgiving
    • Christmas
  • For Kids
    • Crafts for Kids
  • Homeschool
  • Family
    • Marriage + Family
    • Baby
    • Kids
    • Parenting
      • Parenting Experience
    • For Him
    • For Her
    • For Pets
  • Save/Make Money
    • Save money – do it yourself!
    • Business
    • Money Mgmt. & Programs
    • Target
  • Cars
  • education
  • Business
  • careers
You are here: Home / General / So You Want To Buy A House? What You Should Know Ahead of Time

So You Want To Buy A House? What You Should Know Ahead of Time

October 28, 2021 by EightyMPH Leave a Comment

Partnered Post Disclosure

One of the most common aspirations in life is to buy a home, but due to rising housing costs, poor wages, and inability to save substantial deposits for the type of property desired, only a small percentage of people accomplish this goal today. However, if you are among the fortunate few who have made it to the point where you are set to become a homeowner, congratulations! Now comes the difficult part. That’s right, the difficult part. Unfortunately, buying a home entails more than just putting a down payment on a property you want and getting a mortgage approved, so have a look at some things to consider before making your first investment!

bookshelf

Find the best mortgage rates.

The first thing you should do is look at the average price you can expect to pay for the type of property you want. So, if you’re searching for a smaller property, you should expect to pay a significantly lower monthly payment, determined by the size of your deposit, than if you were to buy a five-bedroom home in the heart of London. Calculate how much you can easily pay so that you don’t end up regretting your decision and being strapped for cash a few years down the road. If you’re unsure what you’re looking for when it comes to mortgage rates, speak to a financial advisor for expert advice.

You should be clear about what you want.

This may seem odd, but you must know what you want from a home before ever considering viewing it. If you’re going to use a real estate professional, make a list of the different attributes you’ll need in your new home, ranked from most important to least important. With this information, they can find you properties faster and for less money. It’s critical to know precisely what you want before working with a real estate agent so that you don’t end up regretting your decision months later. Remember to look into the area statistics, facilities, and planning approval rights in case you want to expand in the future.

Monitor your credit report and take steps to improve it.

Many people postpone examining their credit reports for fear of not understanding the language used by the various credit reporting agencies. Credit reporting agencies, on the other hand, have worked hard in recent years to make it easier for their customers to understand their credit scores. Even if you’ve never been in debt, a negative credit score can appear. It works by taking into account all of your incoming and outgoing funds, as well as any financing you’ve taken out on vehicles, loans, or even your contracted cell phone. They will then determine your lender’s trustworthiness. Therefore, if you’ve never taken out a loan or signed up for a contract mobile phone, you’ll have no credit history, which means lenders will be unable to trust you when you apply for that mortgage you’ve been yearning for. Clear Score will review your credit score for free (always), and when they have it, they will provide you with simple and expert recommendations on how to fix it. The sooner you can review your credit report and make changes, the sooner you’ll be able to qualify for a mortgage. If you’ve always been smart with your finances and have never had any problems getting a loan, you should expect a shining report with some suggestions on how to improve it!

Take a surveyor.

Avoid skipping out on the surveyor’s fees on properties that you’re very interested in when you’re buying your first house. You understandably want to save as much money as possible, but it’s a smart idea to dip into your savings account for this payment. Leveraging the services of a surveyor will allow you to be even more satisfied with the home that you are purchasing and, as a result, avoid any regrets down the road. Using a surveyor, you will be able to find out everything that needs to be improved in the property that you are considering purchasing, allowing you to make an educated choice about your purchase.

house

Learn how to bargain effectively.

When it comes to conveyors, if yours has shown a flaw in the home you’ve fallen in love with, now is the time to haggle with the present owners to get the price reduced! Spend some time honing your negotiating abilities so that you can get the price down to a far more reasonable level, allowing you to afford the necessary repairs.

Additionally, if you believe that the property’s asking price is slightly too high, you should consider haggling here as well. After all, most homeowners will have listed their home for a higher price than it is actually worth in order to make a profit (after all, who wouldn’t want to make a profit?).

Take measurements for your potential home.

Finally, another miscalculation you don’t want to make is purchasing what you believe to be the ideal property for you, only to discover that none of your furnishings will fit comfortably within. When you’re measuring, think about your future intentions as well, such as if you expect to have a child in this house and whether you’ll be able to accommodate all of the necessities for a newborn. Making an office in your spare room? Make sure everything fits!!

The layout of the property is an important issue to take into account. Small and irregularly shaped rooms, for example, will not be appropriate for you to move into if you have huge items of furniture to move into the property. When you’re looking at houses, make sure to take some dimensions of your furnishings so you can visualize where you’d put your things.

As you can see, moving home and buying your first property doesn’t have to be as scary as it seems. Make use of these suggestions before purchasing your first property to ensure that you don’t end up with a hole in your pocket and a feeling of regret. Best wishes on your journey to become a homeowner!

Check out some of our related posts:

  • 9 Benefits of living in luxury condos
  • Tips for furnishing your first home
Pin
Share
Tweet
Share
Email
Flip
Pocket
Share
Reddit
0 Shares

Filed Under: General Tagged With: buying new home, home

Previous Post: « Talking to Your Children about STDs
Next Post: Top Flooring Material Types to Pick from »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Family

8 Interesting Toys Moms Should Consider Getting for Their Children

How To Make Sure Your Child’s School Security Is Reliable

Teaching Strategies for Autism

The 5 Best Teaching Strategies for Autism

Help Your Child To Become More Social

How To Help Your Child To Become More Social

Tips and Tricks to Keep an Organized Playroom

Quality Time With Your Kids

A Busy Mom’s Guide on Spending More Quality Time With Your Kids

study

Easy Ways to Improve Your Child’s Creative Writing Skills

playground

The Ultimate Guide to Playground Flooring Safety

student on laptop

Is Your Child Stuck on an Essay? 4 Ways You Can Help

How to Teach a Child to Write Their Name: Step-by-Step Guide

Thanks for stopping by Eighty MPH Mom! To learn more us, click the "About" tab above.

Copyright © 2023 · Foodie Pro & The Genesis Framework