When you’re ready!
If you’re preparing for your first dip into home ownership, the last thing you want to do is overanalyse. Chances are that you know:
- Where you want to live
- How much money you can borrow.
If the two work together, as in you can afford to buy in the area you want to live, BINGO! Get out looking at open homes, walk the footpaths, drive the streets, talk to the agents, check out the neighbourhood. Make sure you know the area you’re planning to live in and make sure you know what you can get for your money.
Get your pre-approval and get ready to buy that house.
If you can’t quite afford to buy in the area you want to live, then you need to either:
- Find a way to come up with more money (but the longer you wait, the higher the prices usually climb)
- Expand your search into neighbouring areas that may be cheaper, or smaller options that you may be able to stretch to
- Look at alternatives – could you buy an affordable investment property in a high demand, high capital growth area anywhere in the country and continue renting for the mid-term? In a couple of years, that investment property could become the stepping stone to your first home for yourself.
Don’t be limited by options, don’t be paralysed by too much information.
If now is the time that you are ready to buy, take the leap and make it happen.
I’m always here to help if you want to discuss options or finance.
#buythathouse
