This is the fun part of house buying! Deciding where you want to live, what type of property you want (tenement flat, terraced house, detached house or bungalow), dreaming of how you’ll decorate and getting to have a nosey into other people’s homes.
Here are Glasgow Credit Union’s top tips on how to get the most out of your home search:
Ironically, the easiest place to start your house search is from the comfort of your home – by trawling property web sites. As well as listing properties for sale, property web sites can also provide information on sold house prices, the local area and housing market trends.
If you’re not sure where you want to buy, take the time to get out and about in your potential new neighbourhood. Take in the sights, sounds and smells of an area and get a feel for who lives there just now. Parking, traffic noise, issues with litter – these are the little things that you can only find out from visiting an area.
Astonishingly, buyers spend on average just 30 minutes looking at a property before putting in an offer! Nobody wants to outstay their welcome, but it pays to have a plan when viewing properties to get the most out of your time.
Here are our top 3 tips for getting the most out of your viewing:
Buying a brand new home compared to an existing property can be a consideration for many first time buyers. Like most decisions around the house buying process, this will usually come down to personal taste, but to help weigh-up your options, we’ve listed some of the key pros and cons of new versus old:
|Neighbourhood||Established local facilities and community||You’ll be the ‘newbie’ among people who may have known each other for years|
|Character||May have desirable period features or established garden||Could require modernisation and skilled trades to get it up to liveable standard|
|Heating and upkeep||Older properties tend to be ‘built to last’. Might have traditional fireplaces||Heating, electrics, windows etc could need replaced and the house might be more susceptible to draughts|
|Buying||There may be room to negotiate directly with the seller on price and what’s included in the sale||If more than one buyer is interested, you may need to offer ££ over the asking price|
|Neighbourhood||Chance to strike up new friendships with other first time buyers in your neighbourhood||May be a lack of facilities close to hand|
|Character||Blank canvas for you to flex your creative muscles. Usually get to choose your kitchen, bathroom and flooring options||Usually advised to wait 12 months before decorating to allow house to settle – so may feel a little soulless until then. Garden turf and fencing not usually included in price|
|Heating and upkeep||Modern heating and insulation installed to latest building regulations||Rooms are usually smaller so can feel stuffy|
|Buying||Not part of a chain, so you don’t need to worry about the seller’s move falling through and how that can affect you||Delays in building work can push your moving date. Also, if you buy in the early phases of development you may be living on a building site until development is completed|
We’re committed to working with members, local organisations,
and employers to increase financial awareness in the wider community.
For more hints and tips check out our Financial Wellbeing Hub,
which includes articles and guides covering everything from budgeting to getting onto the property ladder.
If you have any questions or would like help with any of our services, please contact us on 0141 274 9933.