A Guide for Buying Your First Home

CVS Buying A Ноuse Commercial Vehicle Sales & Hire A Guide for First Time Homeowners FOR SALE Getting on to the UK property market has never been harder, with house prices continuing to rise for first time buyers. So, here are some of our tips if you're considering a house move for the first time. Keep The Faith The recent financial crash and drop in people's income has made people cautious about investing in property. Figures are starting to rise again, from 192,300 in 2008 to 269,000 in 2013. Schemes such as Help to Buy are there to help first time buyers get on the ladder. Don't hold out for the dream It's not a good idea to keep holding out for your dream home, because chances are it doesn't exist. In fact, it can even be a good idea to buy a house which isn't the idyll, because you have more motivation to renovate and redecorate, adding to the value of your investment. Think about the future If you buy a property, chances are it is going to increase in value, depending on the area. For example, property prices in East London in the aftermath of the Olympics rose sharply. Meanwhile, the new Crossrail transport link will add value to the outlying regional prices Meet the neighbours If you want to get a general feel for an area, then don't ask the estate agent, and don't ask the property surveyor, ask the neighbours. This increases the likelihood of an honest verdict. Play it cool If you find a house you love, it's best not to give the game away by appearing too enthusiastic. Putting a first bid in on the spot is usually not the best strategic move, and this offer will most likely get rejected. Find a way to save the money You are going to have to find money to raise the capital. In the current economic climate, most first time buyers are turning to family for financial support. Don't rule out the need to move back in with your parents Н Factor in additional costs Buying a house, sadly, isn't the end of the expense. You will have to factor in the costs of renovation and refurbishment. Even new-build houses will need life breathed into them. There is also the cost Location, location, location You will need to find a location that is not out of your price range, and can afforded on your current salary. For example, places to give a miss include Winchester, Truro, Brighton and Bath, all of which are areas where house prices are as much as ten times the average salary. Be confident Remember that the decision of where to buy your first home is yours, and yours alone. Try not to let your decision-making process be too affected by what other think, and this includes price, area and decor. After all, you're the one who has to live in the place. Sources: http://www.telegraph.co.uk/property/buyingsellingandmoving/11013501/First-time-buyers-property-guide.html