The home-buying process can be exciting, nerve-wracking and, at times, frustrating. To minimise the stress and confusion, it’s important to be prepared for the journey ahead with a game plan that includes strategies designed to help you achieve your house-hunting goals. Read on for pro tips for successful house hunting:
Creating a realistic budget is one of the most important steps you can take to ensure your home-hunting experience goes smoothly. A good estate agent will help you establish your ideal price range, while a loan originator will walk you through your mortgage options and explain how interest rates can impact your budget. For details on Stroud Estate Agents, visit http://www.tgres.co.uk/office-locations/stonehouse-estate-agents
Prioritise your needs and wants. It’s easy to get caught up in the excitement of the process and start dreaming of woodwork, granite countertops and spacious fenced-in gardens. Before you visit houses, make a list of the things that are essential to your purchase and the features that are nice to have. This will help you stay focused and avoid wasting time on properties that won’t meet your needs or match your budget.
One eye-catching listing or outrageously high asking price can stop you dead in your tracks. However, remember that most sellers end up lowering their price at some point during the negotiation process, and you can use comparable sales to validate an asking price before letting it derail your search.
Also, when viewing a property, pay attention to the structural aspects of the property and not just its cosmetic appeal. It’s easy to overlook small problems that can easily be fixed, such as worn carpet or outdated wallpaper. But it’s critical to focus on the big items, such as location, size and the overall quality of the property, as these are the elements that you can’t change once you move in.
Remember, too, that the neighbourhood is just as important as the house itself. Be sure to explore the area thoroughly and visit nearby schools to learn more about the educational opportunities available. You’ll want to be sure the neighbourhood fits your lifestyle, whether that means a bustling business district or a quiet neighbourhood where children play and neighbours wave hello.
Finally, don’t forget to schedule a thorough home inspection before closing on the property. A home inspection is an invaluable tool that can save you from unexpected repair bills in the future. For the best results, work with a reputable and experienced home inspector. It’s well worth the investment!