What you really need to know about buying a house
Buying a house is an exciting time, but can be a lengthy process with lots of hidden costs along the way. Here are a few tips to make sure buying your new home goes smoothly.
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Getting mortgage approval
Make sure all your finances are in order, clear down your debts where possible and have proof of a regular savings habit.
Location, location, location
Remember, when buying a house, it may be better to buy the worst house in the best area, than the best house in the worst area, so choose where you want to live carefully. That means getting a general feel for the area and considering things like schools, transport links and local amenities.
Have a budget and stick to it
As well as the cost of the house itself, remember to budget for all the other costs involved too, including; house insurance, mortgage protection, surveyor, solicitors fees, moving costs and furniture.
There’s no such thing as a silly question
Write down a complete list of questions to ask the Estate Agent when you’re seriously considering buying a house, e.g., the history of the house, if it’s listed, if the extension has planning permission, if any work has been carried out recently, what the parking situation is, what situation the vendors are in, if there are any future building/transport works planned in the area etc…
When buying a house, don’t get too attached
You think you’ve found the perfect house, but everyone has an upper limit. So if you lose a bidding war, don’t despair, there’ll be another house for you along soon!
Choosing the right home insurance cover
When everything is signed and sealed the next most important purchase is home insurance. You will need cover for the contents of your house and also the cost of rebuilding your house if the unthinkable happens.
Get a home insurance quote for as little as €27 per month with Liberty Home Insurance