Make buying a Shared Ownership home as smooth as possible
If you are looking to shake off the home buying jitters, here are some of the best ways to overcome the stress of buying a home.
When it comes to life milestones, buying your first home is as euphoric as they come. However, for many people home-buying can also trigger feelings of anxiety. After all, buying a home is a huge financial investment, and can be a bumpy ride even if you do have enough money to afford it!
Being stressed during the home-buying process is natural, but there are ways to make the process run as smoothly as possible. If you are looking to shake off the home buying jitters, here are some of the best ways to overcome the stress of buying a home.
Tips to make buying a home as smooth as possible:
● Account for added costs in your budget
● Get organised
● Ask plenty of questions
● Be open about what your dream home is
● Seek professional support when required
● Give yourself a break when needed
● Make sure you buy a shared ownership property
Account for added costs in your budget
Few things are more stressful than preparing to buy something, and getting hit with an added cost you weren’t prepared for. Given how much it all costs, this is especially true for the world of home-buying. So, as well as saving up enough for your deposit, make sure you’ve thought about the cost of surveys, solicitor fees, and the price of moving home.
One of the most stressful aspects of home-buying is feeling like you have no control over what happens. But instead of fixating on things that are out of your control (like someone gazumping you to a property you had your eye on), start focusing on what you can! From keeping up to date with home-buying deadlines to shoring up your financial position, this will put you in a perfect position to buy your home when the time is right.
Ask plenty of questions
As a first-time buyer, the chances are you won’t know the answer to every home-buying question (unless you’re some kind of home-buying whiz). So, if there’s something that isn’t quite adding up, be sure to ask plenty of questions about the process, whether you’re speaking to a mortgage advisor or a property agent. Remember, there are no stupid questions when it comes to making a potentially life-changing financial investment!
Be open about what your dream home is
You might have an idea in your head about what your dream home looks like. But if you build up your ideal home too much in your head, this could lead to stress and disappointment when it isn’t available on the market. Instead, be realistic about what you can afford, what type of home you want, and be prepared to make concessions if necessary. Start by focussing more on the essentials of what your home offers and get to the nitty gritty details later.
Seek professional support
Buying your first home is daunting enough as it is - don’t feel like you have to do it all alone! While family and friends can step in with helpful words of advice and encouragement, it’s also worth reaching out to property professionals who can offer advice on the home-buying process. With your close ones and the professionals on your side, you’ll be much more relaxed about buying your first home.
We also have our very own shared ownership calculator here, where you can pre-check the affordability of your potential new home. BE WEST also work with an independent number of specialist financial advisors, who are more than happy to have a confidential chat around your property. Simply contact us today to inquire.
Give yourself a break
You might be dead set on landing that dream home, but don’t let it consume your life. Set some time aside to focus on doing the things you love, whether that’s watching a light-hearted movie, reading a great book, or spending time with your friends. You’ll be left feeling energized and raring to go when it comes time to house hunt.
Buy a Shared Ownership property
Buying a traditional home can be a stressful process, as it requires you to spend ages on saving your deposit and getting out of a property chain. But if you buy through shared ownership, these potential issues are a problem of yesterday.
Shared ownership enables you to buy a share of your dream home (while you rent the remainder), resulting in a much smaller deposit. What’s more, most shared ownership homes are newly built properties, meaning you won’t have to wait for a property chain to end. Instead, you can look forward to a smooth and stress-free home-buying experience!
If you are looking to take advantage of Shared Ownership, BE WEST could help to narrow your home-buying search. With a selection of stunning Shared Ownership homes in West London, you can find a home you love without the financial stress.