What Should First Home Buyers Do Before Buying A House by chrisharmen


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									What Should First Home Buyers Do Before Buying A House
Buying a property is an exciting, but stressful time, especially for first home buyers. Many people
are surprised to discover that the process doesn't start with touring houses -- it actually starts well
before this point. Before you can even start looking at homes to buy, consider taking care of
these three initial steps: getting your finances in order, researching the area of town you want to
live in and determining whether you prefer new or pre-owned homes. These steps can help
ensure that looking for the perfect place to live is a fun process, but they can also help reduce the
stress first home buyers can have.

Get Finances In Order

The first thing to do is to get your finances in order. This means paying off debts, working to save
for a down payment and making smart credit decisions. If you have debt, work to pay it off. This
will help make the mortgage approval process an easier one, as lenders will see you as less of a
credit risk. Additionally, many lenders appreciate it if the buyer has 20% of the cost to put towards
a down payment. Buyers who finance more than 80% will likely need to pay for mortgage
insurance and this can typically figure out to be 1% added onto the regular interest rate.

Research The Area Of Town You Want To Live In

Another step that can be done alongside getting your finances in order is to determine what area
of town you want to live in. Some people choose their location based on proximity to their jobs.
Other things to consider are proximity to shopping centres and supermarkets, which way the
house will face (the orientation of the windows can affect heating and cooling costs), the proximity
to schools and more.

Decide On A New Property Vs. A Pre-Owned One

The choice of a new property vs. a pre-owned one is a very personal decision. Many first home
buyers want the chance to be the first people to live in a house, which means they'll need to
research home builders. Oftentimes, buyers will be able to work with home builders to completely
personalise each and every aspect of the house, from the fixtures in the kitchen, to the flooring
that's throughout the property. A new house means that you aren't limited by the previous owner's
taste and that you can enjoy living somewhere without worrying about costly repairs or services.
Additionally some buyers can even choose home and land packages, which helps ensure that
they get the house they want, in the neighbourhood they love. Lastly, a new house often has
additional touches to help conserve energy, which means homebuyers are doing their part to help
the environment.

These are only three of the many steps that potential property owners should consider, before
buying a house. Whether you're looking into home and land packages through new home
builders or you're buying a pre-owned house, take the time to make sure you're prepared for the
entire process.

First home buyers in Perth (http://www.wahousingcentre.com.au/first-home-buyers) can find the
home of their dreams from WA Housing Centre. The home builders in Perth offer a number of
home and land packages in Perth, which means buyers can find the house that's perfect for
them. To see floorplans or to learn more, please visit http://www.wahousingcentre.com.au/.

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