subject: Seven Things To Think About Before You Buy A New House [print this page] Buying a residential property is an emotional decision, but there are also factors to consider with your head. Here are Seven things to think about before you buy.
1. Can you afford the mortgage payments? the last thing you need after buying a new home is to be faced with payments you can't afford. Don't over-stretch yourselves and carefully work out what is realistic.
2. Is this going to be your home for the foreseeable future or do you think you'll look to upgrade in a few years? Sometimes, it's best to invest in a home that you're going to be living in for many years to come, but if you're a young couple who plan on having children further down the line, that may be out of your financial grasp. Consider all your options before committing to a purchase.
3. What's the neighbourhood or area like at all times of the day? Your new dream home may be lovely in the day, but does the street turn into a party or war zone after dark? Visit the property at different times to make sure it's a place you'd like to live all the time!
4. Do you have information on all past home improvements? It's important to know, as best you can, what has been done to the house in the past. If there's work that needs to be done regularly, it could cost a fortune over the years.
5. Does it have good schools in the area? If you have children or are planning on starting a family soon, it's a good idea to do a bit of research on what the area has to offer in terms of academic development. Good infants, primary and secondary schools are all important considerations.
6. Does it have good commuter links? Unless you work from home or have unusual shifts, you may need to leave your home in a morning and get to work during rush-hour. Check what public transportation is like as well as how busy the local roads get during peak times.
7. Do you have all the legal aspects sorted? When buying or selling a new home, you'll require a solicitor with expertise in residential conveyancing. Look for one with a good reputation and lots of experience.
You may want to seek more information about residential conveyancing, in which case, speak to a solicitor in your area. They needn't be a specialist, as many of the larger firms who can provide a employment law solicitor will also have experts that specialise in residential conveyancing.
Seven Things To Think About Before You Buy A New House
