Property Checklist For First Time Buyers
Paperwork: You will need the following
Proof of current address
Tax Returns (if applicable)
Identification (Driving licence, passport)
Have a good support network of friends and family.
Look around for good mortgage deals
Decide on what type of mortgage you want
Are you pre-approved?
Home inspect the house before buying.
Check the surroundings of the property.
Check previous history on the property.
Don't buy the furniture before you move in. As it may not fit right into the new property.
Save up and enjoy buying stuff once you have moved in. Of course you are going to need basic things.
Have a backup plan if it all goes wrong.
It may seem like an obvious one, but make sure you have enough money to cover all of your costs.
You may need new furniture.
Cost for the property
Estate agent/seller fees
Always consider additional expenses too!
It is handy to create a checklist of your own when buying and looking at property, you should make a checklist when going to view a property to as this will help you ensure you have checked it for everything.
More first-time house buying articles:
- Repayment and Interest Only Mortgages
- Finding the Perfect Home
- Pay Rent? Get Affordable Contents Insurance
- The Downside of Renting versus Buying
- Finding a Bargain Property