So, you’ve decided to start the journey to buying your home? Great! Buying a home is a big step towards securing a place to call your own and raise your family. But it can be a confusing time, especially if you’re going it alone. Which is why Darren Walters has put together this list of the top 6 questions to ask when buying a house.
Whether you’re worried you can’t afford it or aren’t sure where you should buy, our experienced team have got the answers here.
1. Why Do You Want to Buy?
Understanding why you want to buy is one of the most important first steps you can take as a home buyer. Having an end goal in mind makes the journey smoother and less stressful.
Everyone is different, and your goals might not be the same as your friends or other home buyers.
Some of the most common motivations we see here at No1 Property Guide include:
- Financial security
- A safe place for the family
- A positive long-term investment
Getting a clear picture of what is motivating you and deciding the pros and cons of this move is the first step you’ll want to take.
2. Can I Afford This?
Can I REALLY afford to buy a house?
Between the purchase price, interest rates, stamp duty and insurance, it can seem like homeownership is an expensive venture.
But, more often than not, many of our clients find that once they move into their brand-new homes, their mortgage repayments and costs are cheaper than their rent was.
There are several steps to figuring out your financial situation. But it starts with getting pre-qualified and knowing your borrowing capacity.
3. Do I Really Understand the Whole Process?
Buying a home can be confusing. But that’s where Darren Walters’ no or low deposit system comes in.
Darren is passionate about and making sure the journey from renting to homeownership is smooth and stress-free for everyone. And he believes providing as much information as possible allows renters to make an informed decision that will give them the best result.
“Don’t get caught up in the jargon. Many companies will use complicated language and catchphrases to make it sound like they’re helping you. But all they’re doing is making it hard for you to make an informed decision. My New Home Specialists guide every client throughout the entire process and ensure every step is clearly explained throughout the journey.”Darren Walters, Founder & CEO of No1 Property Guide
You can rest easy knowing that our many years of industry experience put us in good stead to support you every step of the way. We remain 100% transparent from beginning to end.
4. Where Do I Want to Live?
This is easily one of the most important questions to ask when buying a house.
Knowing the general area where you want to live will make the homeownership journey simpler. But being flexible about your location is even better!
Building your dream home is our mission at No1 Property Guide, but registered land is hard to come by. Understanding your borrowing capacity and looking for house and land packages in areas that match your budget is a good idea and will make the process much smoother.
Many home buyers will look for homes in their preferred areas before getting pre-qualified. Only to discover their borrowing capacity isn’t enough for the area.
So, while knowing your ideal location is a great start. Understanding your borrowing capacity and being flexible about the exact location will enable you to get into the property market sooner.
Of course, because we have great relationships with developers throughout QLD, NSW and VIC, No1 Property Guide is able to build your dream new home anywhere there is land available.
5. What Kind of Home Do I Want?
Finding the right home, so this is an important question to ask yourself.
Before buying your new home, you should have done plenty of your own research to find out what you do and do not like.
We’re able to tailor your house and land package to suit your budget and block size. We’ll also do our best to provide you a range of façades, designs and floorplans to choose from, depending on your location and your budget.
Borrowing capacity aside, we recommend you come into this experience knowing what you’d ideally like in your new home. Things like:
- Number of bedrooms
- Number of car spaces
- Ideal yard size
- General floorplan layout
Having a few basic ideas of what you want in your home will make picking between floorplans easier and will speed up your home buying journey. Developers won’t hold land for an extended period while you’re busy umming and ahhing over a floorplan.
Being able to confidently pick what you want from our floorplan options will ensure you don’t miss out.
6. What Sort of Future Do I Picture For My Family?
This is probably one of the first questions to ask yourself before buying a house. But we’ve left it until last because it requires the most consideration.
Knowing the future you have in mind for you and your family will make the home buying process smoother.
If you’re planning to have kids, you’ll want to look at floorplans with extra bedrooms and a backyard. Or, if you’re just looking for a start in the market or you’re not looking to start a family, something smaller but closer to the city might suit your needs more.
Having a good understanding of what you want for you and your family in the future is one of the best ways to start your homeownership journey.
There’s so much to know before diving into the property market. If you don’t know where to begin, No1 Property Guide can help get you started. Our pre-qualification process makes it easier to get into the property market and increases your chances of being approved. Contact us today to start your homeownership journey.