Most of us come to a point in our lives where we consider taking that next step and relocating, climbing onto the housing ladder, or even building our own home. If you’re at a crossroads, and you don’t know which avenue to take, hopefully, this handy guide will point you in the right direction
Many of us grow up with aspirations to buy, but often, renting offers several advantages, especially if you’re not ready to put down roots. Renting can be a less expensive option in the short-term, and it offers flexibility. You might also find that you have access to a wider range of properties than you would if you were buying. If you’re not ready to buy, you don’t have a healthy deposit, or you’re still figuring out where you want to settle down, it’s wise to explore the possibility of renting a house or flat for a period of time.
Buying a house enables you to invest in an asset that is likely to appreciate over the course of time, and it also gives you the freedom to personalise and customise your home to suit your tastes and your lifestyle. There’s a range of options on the market, from traditional homes to brand new houses from companies like Bellriver Homes, and you can choose between taking on a project or moving straight into a pristine home. If you are looking to buy, it’s beneficial to seek advice before you start searching to ensure you understand how much you can borrow if you’re looking to take out a mortgage. Once you have a budget, think about locations and the kinds of properties and amenities you’re looking for. Register with local estate agents, browse properties online, and arrange some viewings. It’s always a good idea to be open-minded at the beginning and to make sure you follow the necessary processes if you do find a home you love. Invest in a survey, negotiate on the price and set money aside for legal fees.
TV programmes like Grand Designs have inspired a new generation of visionary homeowners to take on extensive design projects. If you have creative flair, you have expertise or experience in architecture or construction, or you can’t find the home of your dreams, have you thought about building your own home? This process can be more complex and time-consuming than a straightforward house purchase, but it gives you a bespoke base and it could also save you money. Budgeting is critical with any kind of building project, so make sure you can afford to cover the costs before you buy a plot of land or start hiring contractors. You’ll need to cost every individual job to ensure you have an accurate idea of the total price. It’s also hugely beneficial to have a contingency pot when building.
Are you thinking about moving, or is your current home not the house you dreamed of? Whether you plan to rent, buy or build, hopefully, this article will help you make the right decision.