Reaching
your home owning dreams can often feel a million miles away from where you are
currently. Also as buying a home is often the single-most important, largest
investment in people's lives, it clearly comes with an enormous sense of fear
and excitement.
Achieving
the goal of owning your own dream home requires research, dedication, patience
and knowledge. Therefore, knowing the steps to take in order to buy your dream
house is the first main ingredient in the recipe for homeownership success.
The
first step is to begin to familiarize yourself with articles and books that
explain how buying a property works and what look for when buying.
Since
you are faced with myriads of choices, such as the type of house you want to
buy, location, how much to spend, types of mortgages, and much, much more
Draw
up a list of feature, rooms or garden space you would like. This will help you to focus on what you
really want. The more concise, the easier house hunting will be.
Next
look at location, especially look at the demographics of the areas that
interest you. Look at the demographics like the average life expectance,
employment rate, crime and the general age of the residences in that location.
Then
you want to see what is on the market for your price range. The easiest way to
work out a suitable price range is to look at how much you have saved as
consider that as 20% of the home price. Then go to the market and look at
houses value at 50k less and more than your price thus giving you a band of
100k to play with. Of course if your budget is closer to a million it may be
worth looking at house from 750K to 1.25K (which give you a range of 250K each
side.)
When
you have look its time to call some of the agents who properties you would like
to view. A good agent will help you navigate through the process of buying, the
paper work you will need to complete and other properties in your range that
you might have not considered. Since there are many agents out there shop
around for one whom you trust and connect with you.
Next, since there is a
strong possibility that you will be paying off your mortgage for quite some
time, its best to research and know:
· How mortgages
work in general
· The types of
mortgages available
· Pros and cons
(short term and long term) of your mortgage options
· Mortgage
terminology How interest rates work What happens if you default on a loan
Mortgage lending is a
competitive business, so shop for the best deal before you sign on any dotted
lines.
Make sure you get the home
inspected and revaluated the purchase after you have read this report. Never be
afraid to walk away from a house if the inspection reveals problems.
When bought, you can say
hello to your new "Home Sweet Home!"
You can reach your goal and buy your dream home. Start today by going to www.buyyourdreamhome.co.uk.
You can reach your goal and buy your dream home. Start today by going to www.buyyourdreamhome.co.uk.