Tips for first- time home buyers in tight economic times
A home is a basic need we all crave to own. We all envy to have a home before our heads turn grey.Acquiring a home is the most important thing one aspires to have after getting a job. In order to make this dream of having a home come true,apply for a mortgage as soon as one gets permanent employment or a continuous source of income.Don't wait to buy a house until you have a family.It is good to climb the housing ladder when one is still young and single.
Get a mortgage you are comfortable to pay back. Don't rush to buy a house beyond your means.Scout around for the house which suits your budget.It is sensible to talk to housing agencies.They can help you to have informed decisions. They have been in business, they know it all. Aim to buy a house in localities you are familiar with. Makesure the house is near amenities such as hospitals, roads, schools, transport and shops.Make your own research to find whether the area is a crime free area. One doesn't want to buy a house in an area which is a haven for criminals.
The nearer the amenities the less fuel you will need to ply the area.A new buyer should aim to buy a house which is environmental friendly.Aim to buy a house which uses both solar and electricity, borehall water and tapped water this will go a long way in cutting your electric bills and water bills.Makesure the house is built from materials which are sourced locally and are environmental friendly. Locally sourced materials are superb because when you need to repair or refurbish the house in future,the material would be sourced locally.
Makesure your dream house you want to buy suits your needs.Buy a house with deeds because you can use the title deeds as collateral for other deals in future.Don't buy a house which cannot get a buyer in future when you think of selling it.
If money is tight first-time buyers might opt to buy incomplete houses. These are affordable and you can slowly put final touches on them at your own pace.What is important is to climb the property ladder? The houses can be renovated gradually as long as there is a roof over one's head.Home sweet home, why the wait start planning to buy yours now.