Written by: Danny Belton - Head of Lending
The search for your dream home can be an exciting experience - albeit one with plenty to think about. To navigate this journey smoothly, here are some tips to bear in mind:
Know yourself and your budget
Before diving into listings, take a step back and consider your top priorities. How many bedrooms and bathrooms do you need? Is a sprawling garden a must-have, or would a cosy balcony suffice? Prioritise these features to help create a clear roadmap for your search.
On the financial side, getting a mortgage in principle is crucial. This provides a realistic understanding of your budget, allowing you to focus on properties that are truly attainable. With a clear financial picture, you can avoid the emotional trap of overspending.
Embrace the digital world
Online property portals are your best friends in the house hunt! Take advantage of online property listing platforms, browsing listings and filtering them based on your needs. Don't forget to set up alerts so you'll be notified when new properties matching your criteria become available.
Look online
While property photos are important, they only tell part of the story. To get a more comprehensive picture, delve deeper into the local area using Google Maps and Street View to get a feel of potential areas. Explore school ratings, the proximity of amenities, and typical commute times to help determine.
Research the location
The importance of location cannot be overstated. Schedule viewings at different times of the day to experience the neighbourhood's vibe. You should also consider revisiting the area in the evening to gauge noise levels and traffic flow.
Strike up conversations with members of the local community, such as shop owners, dogwalkers, and sports clubs. They can offer invaluable insights into the neighbourhood's character, providing a well-rounded perspective beyond what you can find online.
The importance of viewings
Treat viewings with the respect they deserve. Arrive on time and come prepared with a list of questions to guide your inspection. Examine the property thoroughly, checking for cracks, dampness, or any potential maintenance issues that might lurk beneath the surface.
While beautiful decor can be enticing, don't be mesmerised by aesthetics alone. Look beyond the surface and assess the layout, storage space, and overall functionality of the property. Will it suit your lifestyle in the long run?
Negotiate with confidence
Research similar properties that have recently sold in the area. This equips you with valuable information about the property's true market value and informs your negotiation strategy.
Remember, walking away is an option. Don't get emotionally attached too quickly. If the price doesn't reflect the property's condition or location, be prepared to walk away and continue your search for the home that truly ticks all your boxes.
Seek expert help
One element that could be a huge help in your property search is the support of a mortgage adviser. They can guide you through the finer details of getting a mortgage and all the financial information you will need to provide. They can even help with the mortgage applications, with access to a greater amount of lenders and available products than you’d be able to find on your own.
Finding the perfect property takes time and effort, so don't rush the process. Enjoy the journey of searching for a place you can truly call home - it’ll be worth the wait.
Important information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend on your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.