Lifestyle

Simple Ways To Buy Your Home

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Buying a new home is a big task. When we dream of getting the keys for our first home it seems like the road should be easy and the sale should only take a few weeks, but once we get into the nitty gritty we soon realise that it is much more complex than we thought. 

The process of buying a house is complex and can be a real ball ache for many of us, with solicitors fees and contract details it can take months to move into a home. But there are other ways around buying a house which might be quicker or cheaper, which is what we will go through here. 

House door with keys inImage source

Buy at auction 

One of the biggest concerns most of us have with buying a home is the price. Budget is a huge constraint for many of us and getting on the property ladder can feel impossible. However if you choose to visit property auctions you can find houses up for sale at a much lower price and this can be a great way to get yourself into a house easily this year. 

 

Rent 

If you need the freedom of a home without the responsibility of a mortgage right now, one of the easiest things for you to do is rent the space and be a tenant for a while. This is a handy way to move into a house quickly because there is much less paperwork involved and you won’t have to stay for months on end when you decide to leave. It’s a great choice if you aren’t quite ready to settle down yet. 

 

Fix one up 

A lot of the time a good home will be on sale for a lower price because it needs some basic work doing to it. The perks of buying a house like this is that you will be able to move in quickly as most of the time no one will be living in the home, and you can make the house your style right away from the ground up. This can be a great option for couples who are ready to settle down and start their life together. 

 

Get a loan 

Money is the biggest issue you will wrestle with as a homeowner and the simple fact might be that you can’t really afford a house right now. However this doesn’t mean that you are totally screwed, and you can apply for a loan for the deposit to help you get started. Even if you do have a small deposit, you can also talk to a mortgage advisor and put yourself on a 90-95% mortgage with a longer term such as 30 years. This is a good way to help you get started and you will be able to settle into the routine of paying bills and saving, and you can change your plan later down the line when you have more money. 

There are lots of ways to buy your first home so have a look around and see which of these options might suit you the best. Once you are on the property ladder it is a great thing for your future. 

 

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