Buying a first house and getting onto the property ladder is a major goal for most people. It brings with it security and an asset of real value. It is something that most people strive for but which not everyone will attain. Strangely, despite the importance of owning property to most people there is very little advice or guidance to help people navigate the process. And there really should be, because buying a house isn’t as easy as making an offer and moving in, there are lots of issues along the way and lots of hidden costs that you probably never think of. Here’s a little bit of advice to help you cover as many bases as possible as you set out to buy a place of your own. 

 

Hidden costs are everywhere 

Buying a property isn’t just about paying the asking price and moving in. If only it was that easy. There are legal costs all over the place and then there are other essentials that you quite simply cannot get away from. You may well find that you need to buy some furniture, if the place you have bought is bigger than where you have been living. You don’t want to move in and have to sleep on the floor. You will have to think of things like getting your possessions to the new house. Furniture movers Williamstown, or other cities, are there to help, but they don’t do it out of the goodness of their hearts – you have to pay! 

 

Be patient 

Buying property is not a quick thing. It’s one of the biggest transactions that you will ever undertake and there is a lot of paperwork involved. So be patient and calm. The wheels of bureaucracy move at their own speed and there is nothing that you can do about it. As much as you want it to happen you just have to resign yourself to being patient – it will be yours in due course. 

 

Whack that mortgage hard 

Pay as much as you can into the mortgage as quickly as you can. Any spare cash should go into that bond because the nature of compound interest is that the bigger dent you can make in the capital amount at the start, the quicker the overall amount that you have to pay back comes down. It will be hard at first, but remember that once you have paid back the loan the house is yours and you pay nothing for it. Suddenly your monthly expendable income is a whole lot more and you are free to live the life of your dreams, debt free. 

 

No room for emotion 

Make rational informed decisions that are devoid of emotion and sentiment. If you are too emotionally invested in things you will offer over the odds and you will end up getting yourself into trouble. There are lots of properties that will work and the important thing is to find one of them. There are lots of potential solutions out there and as long as you remember that you will be fine. You give up your negotiating power if you are too emotionally invested in the outcome.