Owning a home is a millennials dream. And whilst it’s easy to laugh, it has become almost impossible for many of us to take that first crucial step onto the property ladder. With property prices on the rise, and the demand for higher deposits do too, it’s no surprise it seems a pipe dream for many.
And yet whilst I type this, I’m sitting at my dining table in my mortgaged 2 bed apartment I bought nearing 4 years ago.
So where do you start? Do you really know much about mortgages, interest rates and solicitors?
Read : Furnishing and Decorating your new home
Read : CURTAINS & NETS INTERIOR STYLE : A REAL LAYERED LOOK
Shop for your mortgage
Don’t just settle for what seems like a good deal. Shop around as much as you would for anything else. If leaning on a fixed-rate mortgage, you will be tied to this for
Seek advice if needed – don’t do it alone
I just touched on this, but seek advice and do not be scared to ask plenty of questions. You are not expected to know what everything means, so google, ask and make sure you know what you are signing up to, before making the final decision. There are plenty of people around that can help and advise you from mortgages, surveys and estate agent jargon.
Save for worst case
Might seem a little silly, but save save save. There may be hidden costs, as well as those planned, but more expensive than expected. Remember, surveys cost, and can flag up things you may need to address sharpish.
Try and not splurge on the pointless things
It’s all so exciting when you have a new home awaiting for the contracts to be signed and keys released. But hold yourself back from purchasing the pointless and quiet frankly, stupid things, it won’t help you when you have bills to pay and no money.
Wait for most furnshings
A little bit of the above, but ultimately, wait for some of your furniture before you purchase. Again, it may be a little difficult, but you’ll thank yourself in the long run. We purchased many things because we could, and regretted it within months. You won’t know what you will need, or how any room will be arranged till you have lived in it. Hold back and make decisions when you know what will work best.
There is plenty of advice to give when it comes to making your first purchase, and most you will take on board. Although sometimes you will think you know
Just try and be sensible and don’t be scared to ask lots and lots of questions when in doubt. This is one of the biggest purchases you will ever make – you really have to be sure you are making the right decisions.
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