When you first decide to buy a new house, it can be incredibly exciting. You’ll often start to think about moving, and before long, you become fixated on it. Because the idea of moving over to your new place is too much to handle.
When you know that you have outgrown the place that you’re in, it’s not something that you can just put to one side and pick up when you have the time. You’ll probably find yourself looking at houses when you’re driving around, looking out for the for sale signs, and even browsing listings before bed or at lunch. However, it’s important that you don’t rush into this. So if you are looking for a new house, here are five things you’ll want to keep in mind.
What You Don’t Like About Your Current House
This first point may feel like its easy, but actually you do have to be quite tough on yourself. Before you start to real off all of the things you hate about your current house, you do need to be quite strict and objective. You need to think of the issues that you really don’t want to have in a new house, not just superficial things that bother you.
They need to be things that can’t be fixed easily or at all. Maybe it’s too small, or you’re on a main road, or you’d like more outside space. Try to be as objective as you can here so that you have a factual list of requirements for the new place, and not just a list of issues that could be fixed with a bit of DIY.
What You Do
It may feel strange to list the things you love about your house when you’re looking to move, but this is incredibly important. You don’t want the saying ‘you don’t know what you’ve got ’til its gone’ to apply here! Whether you love your backyard, the size of the kitchen, the number of bathrooms, your community – whatever it is, write it down. This is also going to help you to figure out what you do and don’t need from a new place.
From here, you’re then going to want to think about your location. You’ve got an extensive list of what you need from the property or the immediate vicinity itself, so now you need to start your search. Ideally, you’ll have a list of a few different areas and be happy to extend the radius a little. This will often give you a good search area to find something perfect.
The Total Budget
You also need to be strict on yourself with the budget. Don’t just pluck a number off the top of your head or add a lump sum to your current mortgage. With costs like the conveyancing solicitor and survey, you need to budget properly. Work it all out and see what your top budget really is.
Finally, you also need to know how long this is going to take. Because the process of buying a house can take weeks or months, and you need to be prepared. Yes, you’re impatient, but you want this to go through properly, right? So make sure you bide your time and do it right.