House Hunting Tips for First-Time Home Buyers
Buying your first house is an exciting experience, no matter what age you are when you are going into it. Whether you are buying alone or making a shared investment, houses are not cheap, and investing in one is a big step, so you will want to arm yourself with all the knowledge you can before signing on the dotted line. So, what are the things that first-time house buyers should be paying attention to?
Your own wishes
The last thing you want is a house that you are not happy with. Be real with yourself from the start, and don’t think that a problem with the room layout can be fixed by a fresh coat of paint. Set your priorities and hunt for the house that ticks the boxes on the top of the list. Your priorities will, of course, depend on you and your personality, but they should be a healthy combination of wishes and needs. So if you want to have a separate dining room, that’s perfectly fine, but understand that unless you are professionally hosting dinner parties every night, you might have to settle for a screen that divides the space visually. However, some things are okay to stick to: everyone having their own separate bedroom, having an outdoor space or having an attic.
We already know that buying a house is a huge investment, but how much that really depends solely on you. A good pointer can be to ask yourself how long you plan on staying in that house. If you are planning on moving on in less than six years, than an investment that will drain all of your savings might not be the best idea. However, if you are there to stay, then feel free to invest a larger sum because it will get back to you over time. Another thing to think about is whether you would like to invest a lot of money at the start or gradually invest over time. This will be the difference between buying a brand new house, completely furnished and ready to go; and buying a house that needs some fix-ups that can be done in the future. Both choices are completely valid and completely up to you and your funds.
There is going to be a lot of compromising when it comes to buying a home, and even more when it comes to living in it with other people, so this is good practice. You will definitely need to compromise on some of your wishes and requests because the chances of your first home being your dream home are pretty small. So, try not to insist on a large pool and both a front and back porch, or a specific type of wall structure. Looking at different display homes can give you an idea of what all the options are, but things can be a bit different from how you first imagined them. However, that doesn’t mean that it is a disaster – you simply need to adapt.
The second compromise will come after you talk to other people that will be living in the house. Maybe they have something that they really want for their house or room, or something that they would throw out altogether. Openly talking about what everyone wants before buying the house is key because you don’t want any built-up resentment that will come up at some point after the house has already been bought.
Remember that what makes up a home are the people who live in it and the details they bring. You can make every house feel like your home with the right details, so when you are looking for a house, try to think of its potential, not what you see at that moment. And if that house doesn’t turn out to be exactly what you dreamed of – that is completely okay. Live in it, learn from it and make notes for the next time. We often don’t even know exactly what we want from a house. So, living a few years as a renter can give you a very good idea of how things actually are. But if you do your best and find the good things, you can make a warm and happy home, no matter what.