Welcome to the fifth and final part of our series on how to beat the Brexit wave. Thanks for taking the time to tune back in and well done for making it to the finish line.
Over the course of this series, we hope we’ve taught you a few valuable things about the property market and have given you some top tips on how to get your first foot on the housing ladder.
As we mentioned in parts one and two, there’s no better time to buy a home than the present. All of this uncertainty created by Brexit has presented a golden opportunity to the savvy home buyer. The market is fairly quiet at the moment, so you’ve got less competition when it comes to buying your dream home.
However, if you let procrastination and apathy get in the way of your property search now, you could end up paying the price later. We’d like to think we’ve hit home with this point and that we’ve given you all the tools you need to build your own path to becoming a homeowner.
However, if you haven’t taken the first steps towards owning a home, why?
If you don’t know why you’re waiting, you need to kick-start your property search whilst the market conditions are great and the funding options available are endless.
Whilst you’re twiddling your thumbs for no apparent reason, you’re cheating yourself out of moving onto the next chapter of your life. Buying a home brings about a huge sense of accomplishment, there’s no feeling quite like picking up the keys to your first property.
The months of stress, planning and hard work finally pay off when you get to walk through the door of your own home. Just think – no more rent to pay, no more landlord inspections and no more abiding by other people’s house rules. You’re the king of your own castle now and you can rule your kingdom however you feel fit.
Whether it’s painting the walls pink, pulling up the carpets or buying the household pet you’ve always wanted, it’s totally up to you.
But the best bit is that you’ve made a brilliant long-term investment that’s yours to keep. Your monthly mortgage repayments are going towards buying your home, rather than going into your landlord’s bank account.
Once you’ve paid off your mortgage, the house is yours – you don’t have to pay a penny towards your living accommodation anymore.
In part three of this series, we taught you all about how you can make your home buying dreams happen without a deposit. In part four we highlighted a few ways you can remove the risk of owning a home if you’re worried about what could go wrong once you’ve bought the house.
For our final piece of advice, we’re going to outline three simple steps that will put your property journey into motion:
Before you start picking out a bunch of properties you want to go and view, you need to take a look at your finances. Use your bank statements to help you figure out how much you’re spending each month so that you can get a good understanding of what kind of mortgage payment you can afford.
The best thing you can do is book an appointment with a mortgage advisor who will be able to calculate what you can afford and the different finance options available.
Want to book a mortgage appointment now? Click here.
First of all, you need to consider where you want to live. Make a list of the places you’d be happy to move to and put your first option at the top. You should make another list of all the qualities you’d like your new home to have too.
Once you’ve written down all the features you’d like your property to have, arrange the list in order of priority with your non-negotiables at the top. It’s unlikely that you’ll find a first home that ticks all of the boxes which is why the list is so important. It allows you to stay realistic and save time looking for a house that isn’t available.
You’ll need to register to buy with an estate agent that has a lot of stock in the areas you’d like to live. If you’re looking to buy your first home in the Greater Manchester area, we can help.
You can use our property search to find thousands of properties for sale across Manchester, Stockport, Cheshire and Tameside, and Register Online to be the first to hear about new instructions matching your needs.
