5 Questions to ask yourself as a first time buyer

5 Questions to ask yourself as a first time buyer

Buying your first home is an amazing milestone and one that you’ve probably been anticipating for years. However, you must be considerate about your purchase. Instead of letting your deposit burn a hole in your pocket, be practical during your house search and you’ll find the best investment for your budget and needs.

Here are five top questions to ask yourself as a first-time buyer.

Should I buy a house or a flat?

One of the first questions you should ask yourself is what kind of property you want. Your first home does not have to be a house so don’t feel pressured into buying a home that doesn’t suit you. You might choose to keep your options open but it’s a good idea to figure this out sooner rather than later.

What are my non-negotiable property features?

Think about the features that you want in your new home. For example, if private parking or a garden is something that is non-negotiable for you then don’t settle for less. Of course, you need to be realistic about your budget, but having a good idea of what you want will make your search a little easier.

What kind of lifestyle do I have?

Your home should fit your lifestyle. Are you a young couple? Do you plan on expanding your family soon? Do you already have children? Thinking about how you will use your first home will help you narrow down the most suitable homes until you find one that exactly matches your requirements.

Which location is most suitable for me?

Location is a huge factor to consider. Some people prefer city living whereas others enjoy being in quieter locations. Whichever applies to you, think about how long your commute will take, local amenities and transport options.

Do I want a do-er upper or a fully renovated home?

Many first time buyers opt for a fixer-upper property so they can put their own stamp on things. You may find a property that ticks most of your boxes but could do with a little work so instead of overlooking it, consider its potential. On the other hand, you may prefer a new build that doesn’t require any work and you can move straight in.

 

At Watsons, we offer a range of professional services to meet your property needs.

Whether you’re on the hunt for your first home or have owned your home for many years, our team will provide a first-class buying and selling experience.

For a FREE instant online valuation click here.

Mark Francis Pearce

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