Trying to find the perfect property is never an easy task and with so much information available, sometimes it’s hard to know whether or not you’ve ever found the right home for you.
To avoid buyer’s remorse, below are some useful tips on what you should do before buying a home, and what you should avoid.
Look at several properties – Don’t feel pressured into buying the first home you see just because it’s the right price or location. Visit a few open homes so you can compare what is out there and get strong understanding of the types of property features you want in a home.
Get help from professionals – First homebuyers in particular shouldn’t hesitate in asking for help or advice. Talk to mortgage brokers and real estate agents, ask them questions and get them to help you understand the buying process. It’s easier to get professional advice early in your journey rather than make a potentially costly mistake down the line.
Be prepared to compromise – No property is going to be perfect so you need to decide what you will or won’t compromise on.
Overlook a building and pest inspection – Find out if a property has any underlying issues by getting a professional building and pest inspection. If any problems arise out of the inspection then you may be able to negotiate a lower selling price with the vendor.
Buy a house for the décor – You might walk into a home and fall in love with the furniture and styling, but try to remember that that’s not what you’re buying. Concentrate on the property itself and the potential you can bring to it.
Get too emotionally attached – A property is the biggest purchase you’re likely to make in your lifetime, so try to think logically. Consider all elements when buying a property – do you like the area? The price? Plan on doing a lot of research to make sure you’re making a smart decision.