Deciding to move out and into your very first home, whether a flat, terrace, semi-detached house or other type of property, is an exciting time. It will be a busy period in your life, from the moment you make the decision to take out a mortgage on a property to actually being set up and feel fully at home in it. There are many things to consider to ensure the whole process runs as smoothly as possible.
Discover the Right Place
First thing’s first, you’ll want to find the right place to make your first home. This will depend on if you have a desired area in mind and whether you’re buying the property by yourself, with a partner or with a friend. Searching online is the quickest way to find what’s available but it is worth researching areas to see which are up and coming where houses are likely to increase in value. Numerous factors can play a part in deciding on the location of your desired property, such as a potential commute to work, how close you are to friends and family or the distance you would potentially be from other responsibilities.
Funding Your New Property
Unless you’ve just won the lottery or received a massive windfall then taking out a mortgage will be the only way you can realistically afford a new home. Thankfully there are mortgages designed for first time buyers. Many of them can be tailored to your personal financial situation to make repayments affordable, whether you’re paying the mortgage alone or are splitting it between two or more people.
Find Affordable Furniture
Putting down a deposit and arranging to pay a mortgage will hit your finances hard, so trying to cut back on costs in other areas is a good idea. You can find plenty of quality, second hand furniture that has been refurbished for cheap in charity shops and online. Filling a house requires a lot of furniture, so if you have nothing this is a good, affordable solution.
Arranging the Move
You may need to take a day off work to organise and go through with moving into your first home. Book a moving firm to help move any furniture or other large items into it, especially if your new home is in a different town or city. If you’re looking to cut down on your costs, call in a favour from friends and family to help reduce the workload along with your expenditure.
Organise Further Details
Once you’ve moved into your new home you will need to change certain details, which will seem like a hassle as you will have your address listed at a variety of different places. Some of these are any online retailers you use (such as Amazon), your driving licence, insurance, your place of employment and of course not forgetting to organise having your mail redirected.