Tips for First-Time Buyers in Surrey
Moving into your first house or apartment is an exciting time for any first-time buyer. Although there are lots of things to consider, getting onto the property ladder is an excellent investment. Although a lot of people are finding it more difficult to get a reasonable mortgage, things are improving, and there are various ways to help first-timers get their own home.
At WH Cox and Son, we’re always looking for ways to share tips and advice for our customers. That’s why we’ve put together some tips for first-time buyers in Surrey
Top Tips for First-Time Buyers in Surrey –
If you’re a first-time buyer, you might find it overwhelming and confusing when you’re first starting out. There are so many things to read through before you’ve even set foot inside of a house to view. It always helps to be prepared, so here are a few important things to consider.
Start saving as early as possible – you’ll need enough for a decent down payment when you find the right property. And it’s not just your down payment you need to save for. There are surveys, solicitor’s fees, costs of moving, buildings insurance, valuation fees and many other things. Down payments were about 20%, but they can be as low as 5% of the total value. It’s worth getting some expert advice before this to see what the typical down payment is for you.
Be realistic – even though you have found the perfect house, it might be above your price range. If you manage to get a mortgage, you still risk losing your home if you can’t meet your monthly repayments. It’s better to go with a safer and more affordable option for your first house or apartment and go for that dream home when you’ve had a chance to save more.
Estate agents – we advise that you contact an estate agent to help you search for your home. Not only do they have filtered searches for homes that might suit you, but they also have a lot of knowledge and experience. You can share your wish list and budget with them and leave them to compile suitable places to view.
Be specific – if you’re looking for a semi-detached house in Surrey, then type that in when you’re online. You’re far more likely to get the best results if you know what you want, so list everything. That’s how many rooms, the type of property, bathrooms, kitchen, garden, anything you can think of. You’ll also need this information to give to your estate agent, so create a list now.
The Advantages of Using Reliable Companies –
It’s true that you can never know how good a company or individual is until you hire them, there are some things to look out for. For things like estate agents, most of them will have lots of references and testimonials from previous clients. Their company should also have NAEA or EAAB accreditation. The same goes for any company you hire along the way. Always check what certification their industry provides and verify that they are compliant.
You can also check their online reviews to get a better picture of what previous customers’ experience has been. Most companies will be more than happy to provide a link to their online reviews. Otherwise, Google provides the option to review any company that’s visible.
And one of the most important things to do is get a written contract or request to see their terms and conditions. No matter who you’re hiring, get something on paper to state what you’re hiring them for, and what the result should be. For example – if you hire an independent surveyor you need to ensure you have a contract that states they’re liable if later issues are found that they missed.
When you find your ideal home, and you’re lining up a bid, then it’s time to start working out how to move into your new house or apartment. Even if you’re still in the planning stages, it’s a good idea to get some quotes for your big move.
WH Cox & Son – We’re Here for Help First-Time Buyers in Surrey –
At WH Cox & Son, we know that it’s vital to build close working relationships with our customers. That’s how we design our removals and storage packages. We listen to feedback and try to understand how we can provide a range of services that covers as many things relating to removals as possible.
WH Cox is Surrey’s best removals and storage company, and we go the extra mile for our customers. We cover every part of Surrey, and we often relocate people from London. The WH Cox team will turn up on time and fit around your schedule. We have a range of additional services to help you move into your new home. Even if you’re still working out your mortgage, we’re happy to assist with any questions you may have on our removals and storage services.