Eeeek, So Bob and I are buying our first home together and are in the midst of the process as we speak. But who knew it can be such a faff! Nobody warns you apart from constantly telling you how much money it will cost you, and you pretty much know that already. So I thought I would create a little list of things that you will need to know before taking the big step onto the property ladder.
1. The obvious thing is make sure you not only have enough of a deposit but factor in the solicitors costs as well and stamp duty. Now the rules have changed with stamp duty following last weeks statement which is fab news for us 1st time buyers. Have a look at Martin lewis’ calculator for a guide to what you will pay now.
2. Be prepared to chase the estate agents and the solicitors AND the surveyor. If you opt for a full engineers survey as some do depending on the age of the property then be ready to fire off emails and calls as and when needed. As beware, they don’t move that quickly unless pushed.
3. Read and Re-read every bit of info you get from everyone involved including your mortgage provider, as you won’t take it all in. It’s handy if you know someone who can look through it with you and explain anything worded strangely, and believe me it’s hard to understand some of it.
4. Make note of the little things you will need like toilet brush! I know it sounds daft but you will forget stuff like this. Thank goodness for our families who keep us on track and don’t let us get carried away.
5. Get a file and keep everything organised because on numerous occasions i have had to dig out something for reference and struggled to find it. Still am really so its my mission to get organised this weekend.
6. Don’t think every house you see on the website is perfect. There have been several times we have seen a “dressed up” house but when we have looked round, we have found the faults.
7. Same goes for a house that looks like it needs work. How much work will it need? and what would be the cost? Although the idea of getting to do it up yourself sounds like an amazing project, is it realistic?!
8. and finally, Do you walk in and think “I can see myself living here”? If it feels like home then the chances are in you heart, its already won you over. Go with it and don’t be scared.
Hope this has been useful