Things To Consider When Buying A New Home

Knowing what things you need to consider when buying a new home is important to make sure the process is as stress-free as possible. Find out more.

Calling all property buyers – buying a home is up there as one of the biggest purchases you’ll make in your lifetime, so it’s important to know what you should be aware of when you’re perusing the property market. Purchasing the right property for the right price is key, so sit back and take note of everything we think you should be mindful of when looking at potential properties.

Your Mortgage

When buying a new home, it’s smart to find out what you can actually afford before further steps are taken; there’s no point wasting your time viewing properties that are out of your reach in terms of budget. Calculating how much money you can borrow for your mortgage depends on a number of things, including your income, employment status and age. How much money you can borrow varies from lender to lender and in some cases, taking out a joint mortgage can increase the amount you’re entitled to borrow, so investigation on your part is definitely recommended. To help you, there are many mortgage calculators out there – give one a try!

The Area

It may sound obvious, but taking a close look at the surrounding area of the property you’re interested in is a must. If your home is within walking distance of a pub or bar, you’re likely to experience a lot of noise as a result of rowdiness in the evening. Taking some time to find out where the nearest public transport links, nearby supermarkets and banks are is also something worth thinking about.

The Foundations

Rather than judging a home based on its most recent paint job, take a step closer and focus on the structural aspects of the home. Hone in on the appliances, wiring and state of the walls as these are the things you’ll need to fork out for and replace if they show signs of aging.

Wear & Tear

If the house and its foundations look sound to you, take a look at the overall quality of the property’s features. Here, you should consider what condition the carpet is in and whether or not the home is in good decorative order. If the property could do with a little updating, it may be best to take a look at other available homes as you could save money in the long run.

The Seller

Asking the seller questions such as why they’re moving, what the neighbours are like and what home improvements they’ve made since they moved in will give you insight into the property so you can gage whether or not it’s right for you. With Kondo, asking questions couldn’t be simpler as our platform enables buyers and sellers to connect directly with one another for an easy, quick process.