Before you buy a property
It is not something you should take lightly when buying your first home. You don’t have to spend a lot of money, or have saved for a while. Be careful and think carefully before jumping in.
Property market trends are constantly changing. Some properties offer great deals, while others can be quite expensive. There are many properties out there that you should consider before buying.
The first step to purchasing a property is gathering information and seeking professional advice. We have put together a list of things that you need to consider before buying your first property. With Urban Treasures, the journey to your first home is now easier.
Let’s get to the point!
Minor cosmetic problems are not to be worried about
Each house has its problems, and minor issues are better than larger problems that can cost a lot of time and money. Minor issues include exterior and interior paints, unusual shapes or colours in the backsplash, and other small details.
These are the things you can improve and change quickly. They shouldn’t be the ones that cause you to give up your most beautiful property. Be open-minded and look at the larger picture.
Localization
Sometimes, a more expensive property will appeal to you financially. However, any real estate agent will tell ya that location, location and location are the most important factors. You will never be able change the location of your house, regardless how beautiful or modern it may be, no matter how much you invest in it.
The location is more important than the property itself. It doesn’t matter if you have a castle, but it won’t sell if it’s unappealing to most people. Avoid properties that are too far from busy roads or freeways.
Traffic
You will most likely go to search for a home or property in a quiet area with little traffic, noise and other distractions. Before you decide to buy your property, you should visit it at different times of day and night.
You should only visit a property once, and for a specific period of time when you are home hunting. Once you’ve narrowed down your options, you can set a goal to visit the property at least twice more at different times of the day. This will ensure that you are fully informed and have seen everything.
The neighborhood
Another important thing to consider when purchasing your first home is the location. You want to settle down in a quiet area and live in your home as you intended. You might be able to ask around in the neighborhood where you are interested in purchasing your property.
Sometimes, it is not always as described on property tours. Ask about noise and parties, as well as other annoying things. Jot down everyone who enjoys loud cars running along the streets, music, and partying every day. Pay attention to that.
Inspect everything
It is unlikely that your next property will be sold without being inspected. However, it is worth asking for all paperwork. If it isn’t there, you can walk away. Get everything checked and make as many inspections as possible. It is important to have a calm mind when making large purchases.