First Time Buyer Do’s and Don’ts Top Tips for Buying Your First Home
Contents
Introduction Buying A House Do’s Don’ts Summary
The author of this document is a part of a digital marketing agency. The content contained in this document is for information purposes only and should not be used to make any financial decisions.
Introduction
 House buying can sometimes feel like a never-ending maze. Read on to discover our advice to help first time buyers go straight to their perfect house.
Buying A House
Buying a house for the first time could be the most important decision you ever make. But for first time buyers it can often be a complicated, drawn-out and intimidating process. For many it will be the first time moving away from their parents or their first 'proper' house after renting at university. Follow our simple do’s and don'ts checklist below to avoid being bogged down in all the real estate jargon and seller tricks.
Do - Research the Area You Want to Buy In
 It might sound obvious but you'd be surprised how many home buyers don't. Sticking to an area you already know is one way to avoid any nasty surprises. Sites like Zoopla can be useful for monitoring property prices in an area.  If that isn't possible then make sure you research the area's 'future'. Consult the local council and check out the public services and infrastructure. Find out about the local schools, health services and amenities, along with any proposed works for the area you wish to live in. Speaking to locals can also provide a wealth of information - perhaps not all of it relevant or correct.
Do – Work Out Your Mortgage Costs
 Budget is king when it comes to deciding what house to buy. Make sure you keep yourself rooted in reality and only check out houses in your price bracket. It's never been easier to work out how much of a loan you'll be able to get from a bank, with many now offering their own online mortgage calculator.
Do - Stay Strong
 There's no point throwing about offers just for the sake of it. If you've not found your dream house you should keep looking.  That said, if you have fallen in love with a house but it's out with your budget don't be pressured into breaking the bank. It's a buyer's market - make an offer you can afford and see if they take it. They can only say no.
Don’t – Take The First House You See
This is the easiest trap that first time buyers fall into. No matter what area you are looking in there will always be other options - take your time and stick to your research.
Don’t – Try And Skimp on the Deposit
Chances are you'll be paying your mortgage off for 20-30 years so you need to get as good a deal as possible. Going to a mortgage provider with very little savings for a deposit will only allow you access to the most expensive or longest loans.
Don’t – Forget About Other Expenses
It's more than just the house you have to pay for. Lawyer's fees (which are unavoidable and often astronomical), surveys and stamp duty are all expenses that first time buyers might not take into account when budgeting for a house.
Don’t – Lose Heart
Choosing a first time buyer mortgage and buying your first property can be a long process. Don't take any rejections personally. Sellers are looking for the best deal possible not who would be best suited to the house. Eventually you will find the right home.
Summary
DO
Research the area you want to buy in Work out your mortgage costs Stay Strong
DON’T
Take the first house you see Try and skimp on the deposit Forget about other expenses Lose Heart
The author of this document is a part of a digital marketing agency. The content contained in this document is for information purposes only and should not be used to make any financial decisions.