6 Tips for First Home Buyers
Being a first-time homeowner can be a daunting experience. Eastern Conveyancing has put together some invaluable advice with some tips from the trade when looking for and buying a new home.
1. Decide how much you are willing to pay and what you can afford
This should be your first question to yourself. How much can you safely spend on a house? Calculate and set a price range based on your income, debt, down payment, credit score, and where you plan to live.
2. Choose a conveyancer that is right for you
Ensure that your chosen conveyancer has your best interest at heart. At Eastern Conveyancing, we have over 20 years of experience and we pride ourselves on our positive relationships with clients.
3. Find a home that’s right for you in the right neighbourhood
Weigh the pros and cons of different types of homes. Take into consideration long-term goals such as starting a family and the option of having schools nearby.
4. Make the most out of open houses
You will always benefit more from walking through the door of your potential new home. You will see things from a better perspective and see different lighting, views, and potential opportunities.
5. Negotiate the best price with the seller
You could save a bit of money by asking the seller to pay for repairs in advance or lower the price to cover the cost of repairs. You may even be able to bring the cost down if they are in a hurry to sell.
6. Ensure you have adequate home insurance
If an incident covered by the policy damages your home or your belongings, home insurance will pay to restore or replace them. Additionally, it offers liability insurance in case you’re held accountable for a mishap or damage.
Eastern Conveyancing can assist you with every step of your home-hunting journey. Contact us for all your conveyancing needs!