Getting Your Foot On The Ladder? Things To Remember To Help You Along The Way
Getting your foot on the ladder is a wonderful way of securing your future in many different ways, mainly knowing that you’ll always have somewhere to live as long as you keep up your mortgage repayments. However, buying your own home, whether it be small or large, isn’t as easy as it sounds and first-time buyers are often overwhelmed with how much goes into actually owning the home you live in. So, to help you along the way, we’ve put together these top things you need to remember when trying to get your foot on the ladder.
It’s not always a quick process
It seems simple really, doesn’t it? You’ve saved the money to put a deposit down on the property you love, it becomes vacant, and you buy it, right? Wrong. Buying a home can take weeks, months, or even years to process, especially if you’re joining a chain of home seekers. Make sure that you have patience, gather all of the information you should be aware of, and simply wait it out. As annoying as it sounds, buying a property isn’t always a quick process.
You need to think about your future – now
While it’s not impossible to move again in the future, we’re pretty sure that you’ll want to avoid it as much as possible. Before you make a decision when you’re looking at homes for sale, think about what the future holds for you. Do you plan on having children? Will you want to have pets? What kind of space do you want in the garden? Will you want to extend your home? Answering these questions now rather than later could save yet another painful process of trying to move home later down the line.
There’s so much paperwork!
We’re sure that you’re away you’ll have to sign plenty of documents when you buy a home, but you’ll be inundated with paperwork during your moving process. From fire risk assessments, planning permissions, home insurance and more, you’ll be fed up of reading long documents and signing your name! However, all of this paperwork is to ensure everyone’s safety and to protect yourselves legally should a battle arise at any point.
You don’t have the freedom you think you do
Being a homeowner brings a lot of freedom. Things such as decorating your home how you like are one of the main perks, but it’s important to remember that you don’t have the freedom you think you might. For example, extending your home will require permission from the property owners around you. However, this isn’t usually a difficult process, it’s just something to keep in mind.
If you stick it out, it’s worth it!
Finally, while getting your foot on the ladder isn’t an easy process, it’s definitely worth it if you stick it out! Imagine, not too far in the future you could be sat in your very own garden, watching your children chase the dog around the garden and you’ll wonder why you didn’t do it sooner.