It is a long journey from saving up for your deposit to actually owning your own home, but it is certainly a rewarding one. Your first property is an important financial and emotional investment into your future, so you want to make the most of every opportunity to make your dream home a reality.
Isn’t buying a home for married people? I’m single! The short answer is “so what”? Just being single doesn’t affect whether or not you should buy a property. Being married is not a requirement you know! All the same factors that go into any home purchase should be considered by the single buyer. The process is the same, the advantages are the same and so is the responsibility.
Most people have walked through beautiful display homes and wished their own home had all those modern features. Display homes showcase the latest in upgrades and decorating styles. When we get home all we can see is the tile in our bathrooms and yesterday’s details in our kitchens. These things can become overwhelming if we are considering a home sale in the near future.
“Can I even sell my house with old laminate counter tops anymore?”
Your home is perhaps the biggest investment of your life – particularly as it is not just a financial investment, you are also investing in your future lifestyle. Yet many people have a tendency to “fall in love” with a particular property, and they forget to remain logical in their thinking. As a result, they find themselves owning a property that does not suit their current lifestyle or their future financial plans.
So how do you choose the right property for you?
Find a property that fits your real-life needs, not your dream lifestyle
It’s the ultimate dilemma for any home owner planning to move on to a new property – do I sell or buy first? You don’t want to sell unless you have somewhere else to live, but you don’t want to buy unless you have the money from the original home. Whichever way you go, there will be some stress involved, so it’s important to look at the pros and cons of each option to decide which is the most suitable and practical for your circumstances.
Whether you are purchasing a new home or an investment property, you are about to embark on one of the most important financial investments of your life. So it is essential to ensure that you are getting a fair deal. Yet, while buyers can be scrupulous about checking contracts and researching market prices, a surprising number of people tend to skip the property inspection. This means that you are taking ownership of any issues that could diminish the value of the house, even if the property looks perfect on the surface.
If you are new to Australia then sooner or later, you may consider buying property, either as an investment or a home for your family. So there are a few things you need to do in preparation for your first property purchase.