When the time comes for you to look to buy a new home, there’s lots to consider. Does it have a garden, so we can get a dog? Are there enough rooms for the children? Does it suit our taste in exterior and interior design? Is it on a nice street? Will the neighbours be friendly?
While such considerations are important, there are
a range of processes that you must undertake in order to effectively find a new
house to call home.
Finding The Best Mortgage on the Market
Securing a mortgage is key to the process, as without one most people won’t be able to buy a house. Mortgages are offered by most high street banks, and taking the time to find the best one on the market for you is vital work.
Banks will often compete for your custom, meaning there are unique offers and perks to taking out a mortgage with a certain provider. It’s worth applying for a mortgage in principle from multiple banks to find the most suitable.
Failing that, a mortgage broker can support you in
this.
Legal Considerations
You will need to hire a reputable conveyancing lawyer such as Conveyancer Darwin. Including them in the buying process is a legal requirement - and an important one.
They’ll enact the role of ensuring that the process
of home ownership transfer is legitimate and legal. Lawyers will ensure that no
illegal practice is going on, and that your actions are legally compliant.
Find Out Whether The House Is Safe To Inhabit
You’ve found the perfect home, the perfect mortgage and the perfect conveyancing lawyer - and can now feel the itch in your hand of that house key. But if the house is in disrepair or at risk of further damage, then moving-in day will be less than perfect.
Hiring a building surveyor is advised. Those who neglect this step of the process often regret it. A surveyor will find the problems the homeowner failed to tell you - like damp, faulty wiring or structural damage.
Alongside this, do a quick five minute search
online to check that the house you’re looking to buy isn’t at risk of natural
disaster. Finding that the property is on a floodplain, for example, is an
immediate red flag that may in the future put your property value, or worse
life, at risk.
Find Time To Relax
Buying or selling a house is more stressful than being made redundant, getting divorced or going bankrupt. With the risk of anxiety linked to buying a new house high, you should take plenty of time to protect your mental wellbeing.
Make sure you find time during the house buying process to relax - such as going for walks, listening to your favourite album or hanging out with friends.
If you’re buying with somebody else, make sure you find time to take care of their potential mental health dips too.
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Buying a new house to call home can be complex, but with a strong mortgage offer backing you and a good lawyer supporting you the stresses of this process can be greatly reduced.
Taking the time to check that the home is safe, and
that future risks there are greatly reduced, will protect your health in the
long run - as will factoring in the time to take care of your mental state.