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3 min read
Finding the right home can feel like a big task, but don’t worry, it all starts with a bit of planning and knowing what you really want. Here’s a step-by-step guide to help you along the way.
Start by jotting down your must-haves, things like how many bedrooms you need, whether you need a garden, or if parking is a deal-breaker.
Then, think about your nice-to-haves, like a separate office, an open plan kitchen and living area, or an en-suite.
Also, take location into account. How far are you willing to commute to work? Do you want to be near schools, shops or a park? And of course, budget. Figure out what you can realistically afford, including deposits, mortgage payments, and all the other costs that come with owning a home.
Once you have a few locations in mind, go exploring! Walk around, pop into local shops, hang out at a café, and chat with people to get a feel for the place. Look into school ratings if that’s important for your family. Check crime rates, public transport links, and whether the area has essentials like hospitals, supermarkets, or fun stuff like gyms and restaurants nearby.
Try to picture your life a few years down the road. Will the house still work for you if your family grows or your job changes?
It’s also smart to check property value trends, will this place likely go up in value? Ask about any upcoming developments nearby. A peaceful field might turn into a shopping centre in five years!
There are loads of different property types out there, so take your time looking around. Are you looking for a detached house or flat? Would you prefer a new build or an older home with some character?
Also, it’s important to understand the difference between freehold and leasehold.
If a home is freehold, that means you own it completely, including the building and the land it sits on. No landlord, no ground rent, and no expiry date. It's all yours, forever (well, unless you sell it).
With a leasehold, you buy the right to use a property for a fixed number of years, the land it is on remains owned by the freeholder. You enter a Lease with the freeholder which details your rights, responsibilities like things you will have to pay, ground rent, service charge and the lease’s length (term).
When the lease term ends, the ownership of the property reverts to the freeholder, though you can often extend the lease. Lenders will also often require a certain amount of time to be remaining on the lease so make sure to check this with your lender.
Local estate agents know the area and can help you find homes that match your wish list. And don’t forget a speak to a mortgage lender or broker. They'll help you understand your finances and how much you can borrow.
Chances are, you might not tick every box on your wishlist, and that’s okay.
Stick to your budget, be patient, and don’t rush. If a house doesn’t feel right, keep looking. Your perfect home is out there, even if it takes a little while to find it.
