When it comes to buying the first home, our decision is overtaken by an ambiguity of emotions. On the one hand, we are carried away by the enthusiasm of taking this major step; on the other, we fear that the consequences may not be in our favour.It is, therefore, important that the dream and the pondering go hand in hand. This is why we will give you five key tips to make sure everything goes the way you want it.
1. Choose the type of property you want to buy
When choosing your first home you will discover a wide range of options and, therefore, you need to think about the festures of the property: its location, its type; whether it is a house or flat, whether it has balconies or garage, etc.Thinking about these questions is fundamental to discerning which characteristics you can not live without and which can be left out.
Moreover, at this stage it is also appropriate to be realistic about your expectations, given your financial situation and whether you will need a mortgage to buy a property.
2. Calculate the costs
As we know, calculating costs through our expectations are not always as realistic as we would like. Still, it is really important that when purchasing the first home, consider the monthly expenses that will add up along with the mortgage. The utility bills such as water, electricity and Internet as well as personal expenses and service charges must be included in your calculation so that you can estimate your budget and determine your affordability.