You may have always had the vision in mind of what you’d like your dream home to look like, but finding it isn’t always straightforward. Property is one of the largest purchases you will ever make in life, so it must be the right decision for you and your family. Although no property will ever tick every single box, it should be a home that has the potential to fulfill your future ambitions, and one that meets your budget comfortably.
If you’re on the lookout for your dream home, here are a few factors to keep in mind.
Once you have booked viewings for a property, it’s important to write down a list of negotiable and non-negotiable aspects, when it comes to finding your dream home. Browsing a property with no clear concept of what you truly require, can be counter-productive, so planning is key to giving you the confidence that you’re making the right decision based on your goals and needs. It may also be worth planning some questions to ask the seller to give you some additional information which could help you make a better-informed decision.
Make solid relationships
Relationships go a long way when it comes to the property market. Take the time to make conversation with your estate agent to express exactly what you’re looking for – they may be more inclined to send you listing previews or inform you of suitable properties as soon as they go live on the market. Being in the know, can give you a competitive edge over other buyers.
Another top tip, would be to show enthusiasm for the property during the viewing and build a friendly connection with the vendors. It is ultimately down to the vendor to choose their buyer, therefore, showing a sense of excitement for their home, is sure to make a great impression!
Consider your finances
To determine the type of property you can afford, it’s important to take a closer look at your finances. Once you have allowed yourself to fall in love with a property, it could cloud your vision with other properties on the market. With this said, it would be wise to only view homes that you can realistically afford, or you may be forced into a situation of extending your budget far beyond your means. Keep your search within a strict budget and you’ll have a realistic viewpoint of the type of home you can purchase.
Another option for getting your dream home, would be to build a property that fits your exact needs. Although this may not be financially viable without selling your current home, you could look into a new construction loan from Sachem Lending.
Get a home inspection
No matter how much you may like the look of a property, it’s important to have a home inspection to discover any potential flaws which could pose serious problems in the future. A professional home inspector will complete a report with all of the defects worth noting, which could determine whether you should put an offer in. Do be aware that there may be scope to knock down the asking price if the required repairs are likely to become costly.