Mortgages – 4 Things to Look for When You Are House Hunting
It doesn’t matter whether you’re looking to get onto the property ladder for the very first time, or if you’re a seasoned property buyer, knowing what to look for when you’re house hunting is absolutely vital. We know that buying a house in this day and age is a heck of a lot more complex and expensive than it was a generation ago, but if you keep your eyes peeled, choose the best mortgages, and know what you’re looking for, buying a property needn’t be as hard as you may have imagined. When buying a property, you need to ensure that your heart doesn’t rule your head, which is why we’ve compiled this article on mortgages and things to look for when house hunting.
Okay, now, assuming you have your eye on a property that seems to be ticking all of the right boxes, one of the main things you need to consider is who is providing your mortgage. You can of course speak to a mortgage advisor and speak to various other experts who specialise in the field of mortgages, but ultimately you need to decide who to contact if you are looking to take a mortgage out on a property. Knowing who to speak to will determine what kind of a mortgage deal you get, how much you will be lent, and how much it will cost you each month to pay it back.
When buying a property, one of the most important things to consider is the area. It could be the nicest property in the world, but if the area is not right for you, living in the property itself just won’t feel right. Ask yourself if the area is right for you. Does it have a reputation for crime and/or anti-social behaviour or is it quiet and peaceful? Does it have all of the local amenities you would need to live comfortably? What are the schools like if you have children? Are there good transport links, do you get a good vibe from the area? All of this, and much more besides, will need to be considered when it comes to the area.
The location of the house
Okay, so assuming you like the area the property is located in, what do you think about the location of the house itself? Does it have a nice view if you want one? Is it located on a flat surface or on a hill or steep incline? What’s the garden like? Are you heavily overlooked by your neighbours? Will you be able to park your car/cars? All of this is also very important when you’re searching for your dream home.
Size of the property
If you’re simply buying for yourself, there’s a good chance that you won’t want to purchase an overly-large property with, say, five bedrooms. If however, you have a large family, you’ll need a fairly-large home. People always seem to focus on the bedrooms when buying a home, and while this is important, you also need to remember bathrooms. One bathroom shared between one large, or even average-sized family, is a recipe for disaster. Basically, choose a property that is the right size for you and everybody else who may be living there.