Five essential tips on finding your dream home

Posted on Thursday, November 1, 2018 - 10:24

You know what you want in a house and what it should look like, but with so many offers on the market and various price ranges, it can get a bit confusing. How do you find your dream house in an ideal neighbourhood without the hassle? Here are five essential tips on finding your dream home.

1. Is your dream home practical

Buying a home that looks like something that comes off a magazine cover can be alluring, but at the end of the day, it is important to weigh whether your home is practical and meets your needs. Finding a property that matches your budget is vital. Other things to consider before purchasing your dream home is:

  • Does it match your lifestyle choice?
  • Does it meet your future needs?
  • Is it in the right neighbourhood?
  • Is it close to public amenities such as transport, shops, medical centre's, schools and more?

2. Will you be able to afford maintenance and repair costs?

Will you be able to afford the maintenance and repair costs of your home? Some buyers fail to look beyond the price tag of the property and forget to factor in the cost of maintaining and repairing the property which can bite a huge chunk into their budget. Try to avoid property that pushes you to your maximum spending capacity.

3. Look beyond the aesthetic

The neighbourhood you are interested in might have the appeal that piques your interest, but it is vital that you put in your research. This can prevent you from making a mistake that can cost you thousands of dollars later on. You can speak to real estate agents that are familiar with the neighbourhood you are interested in. They will be able to advise you on which areas are a good investment and which ones to avoid.

4. Speak to an estate agent

Starting the search on finding your dream home is not as easy as it sounds. It can even take months before finding the property that you have in mind. That is why it is important to speak to an estate agent that knows the property market like the back of their hand. They will be able to help you find properties that match what you are looking for and come with various price ranges to choose from. It can also be beneficial when it comes to finding something that is within your financial reach.

5. Do a thorough inspection

The last thing you want is to invest in a property that comes with a heap of expenses. It is vital that you do a thorough inspection of the house. You can also hire a property evaluator to help you do a check on the property. Remember to ask questions on the home’s maintenance history to put your mind at ease.

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