HOME & GARDEN
A Quick Guide to House Hunting Stipendium, has compiled a
Initial preparation - finance first
Get on the market
guide on what to expect when
Before doing anything, it’s vital to precisely
If you’re funding your purchase with the sale
it comes to finding the right
calculate what budget you’re working with. This
of an existing property, it’s definitely a good
property to buy, as well as running through
means figuring out how much you have for a
idea to get your house on the market as
some of the most common mistakes house
deposit, how much you can borrow and how
soon as you can, and well before you start
hunters make when searching for their
much you are going to be able to afford for the
searching for your own. This will help avoid
perfect home.
monthly repayments you’ll be required to make.
delays later down the line.
They have broken down the homebuying
On top of this, it’s important to budget for other
process into 12 essential steps via their
Begin the search
costs like house moving, conveyancing fees,
first product release, Merge, and will be
There are a number of ways to search and it’s
stamp duty, and furniture for the new home.
best to do all of them at once. Under your
releasing a series of essential guides to help the nation’s homebuyers based on
Wants and needs
these 12 steps.
With your budget in place, it’s time to separate your wants from your needs. Start by making
• Get mortgage ready
a list of everything you want in a new home -
• Book mortgage appointment
garden, garage, number of bedrooms, location,
• Find a property
and so on. From this, extract the things you
• Make an offer and get accepted • Instruct a conveyancer • Understand property surveys
actually need. You might want a fourth room, but you only need three, for example.
• Offer and exchange
Doing this will make it easier to identify potential
• Get new home ready
properties and will also reduce the risk of you
• Get utility ready
getting in over your head with a home that is
• Exchange contracts
out of your price range and unnecessary to
• Moving day checklist
your requirements. The help of an experienced
• Completion day
estate agent can make this process much easier.
AINS BARG W NO LE AB AVAIL
n 14 | Warwickshire Now | Issue 64 | June 2022
own steam, you can utilise all of the popular property portals while also speaking to estate agents in the area you are hoping to buy. When speaking to them, be as specific as you can about your needs and wants, timeframe, and budget. It’s also important to consider the local neighbourhood, from the road itself to the surrounding area. Can you see yourself being
happy
living
inthis
community?
Location, location and life stages While your initial view of an area is the primary indicator of whether or not you’ll want to live CONTINUED OVER THE PAGE
