So you’re looking to buy your first home but unsure where to start?
Buying a house can be an exciting yet daunting prospect, but our checklist for home buying can help ease the stress. Did you know? 1/3 of Rosenthal’s buyers in the last two years have been first home buyers.
Like any journey, planning and preparing ahead of time is best. It is essential to take the time to research and consider all of the factors that go into making this big purchase.
Whether you’re a first home buyer seeking advice or already in the market but just looking for a helpful home buying checklist, we’ve got you covered!
1. Chat with a mortgage broker & determine your budget
This should always be the first step in your house buying checklist, as calculating your budget will give you a better idea of what kind of homes you can afford.
But where do you start? Don’t worry; this is what a mortgage broker is for.
With access to over 30 banks and institutions, a mortgage broker is a licensed professional who can help you in many ways. Help sort your finances, find the best rates and terms for your mortgage, and determine if you qualify for guarantees such as the Government’s First Home Guarantee scheme.
And added bonus: Did you know they’re completely FREE to use?
2. Get pre-approved for a mortgage
This is one of the most critical first home buyer tips.
Pre-approval from a lender will give you an idea of how much you can afford to borrow. This will also show sellers that you’re a serious buyer and could give you an advantage in a competitive market.
3. Decide on your must-haves
Before browsing land options or lots, one of the most important questions to ask when buying a house is, what are your must-haves?
Think about things like the number of bedrooms and bathrooms, the ideal size of the home, backyard space and any special features or upgrades you may be looking for. This will help narrow down your search options and save time.
4. Research neighbourhoods & locations
Now that you have your budget set and secured loan approval, it’s time to start researching neighbourhoods and areas you may wish to live in.
Consider things like nearby amenities, schools, work and access to public transportation if relevant to your situation. You may also want to factor in future development plans for the area.
Did you know? Rosenthal Estate, located in the heart of Sunbury, is only minutes from varied education, retail, and medical facilities and a 30-minute off peak drive to Melbourne’s CBD.
5. Find the perfect home for you
The next step in your buying a home checklist is the most exciting: find the perfect one for you!
If you opt for building, enjoy the flexibility of choice with a luxury townhome, a house and land package or the option to buy land only and choose a builder you like best.
At Rosenthal Sunbury, we have a wide variety of house and land packages and land availableto suit all budgets and lifestyles.
6. Close the deal
Now that you’ve found the perfect home, it’s time to close the deal – congratulations!
This includes signing all paperwork and paying any necessary fees or deposits. It’s important to carefully review all documents before signing them and ensure all your questions have been answered. Don’t worry your conveyancer and mortgage broker can help you here.
Now sit back and relax as your dream home is built!
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Buying a house is an exciting milestone, and we hope our checklist has helped you understand the proper preparation on how to buy your first house.
At Rosenthal Sunbury, we take pride in assisting first home buyers to find the right hometo suit their lifestyle. With a wide range of features, upgrades and options in each package, there’s something for everyone!
Speak to our Estate Manager, Joe today on 0402 044 012 or email us at rosenthal@rpmgrp.com.au to discover your dream first home.
