First home buyers show a variety of emotions- they are energised, too nervous for their own comfort, a little dazed and extremely curious about so many things. To make matters easier for them, let us try and find out a few pointers that may help them. I take cue from an article I read recently on Realestate.com.au.
Location
Location is prerequisite. After all, first home buyers are generally people in their youth and transport costs involved in commuting to a job cannot be ignored. If you plan to drive to work, you must budget for the cost of a second hand car.
Price
Price is a crux question. Find out how much is the bank willing to fork out for you. Look for the best deal from the mortgage brokers.
Amenities
Hospitals, schools and cafes (with so many of us enamoured with the café lifestyle) in close proximity are a must.
Looking ahead
If you have planned to stick to the home for long, you must make prearrangements accordingly. Spaces for extra bedroom, bathroom and parking lots straight away come into the picture. To add, you must spare a thought for the would-be or growing children.
Buyers market
If it is not a great time to sell, it must be a good time to buy, argues the article. First home buyers may take hints from property market trends and find out if it is the best time to cut the deal.
Revamped or unrenovated
If you have the budget to go for it, nothing should stop you from renovating your home. If not, you may settle for an already renovated home.
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