Three Mistakes First-Time Home Buyers Make

Putting your first foot on the property ladder is undoubtedly an exciting time, but it could be said that buying a home is a bit of a minefield when it comes to the mistakes you can make. The number of challenges and obstacles that you face are aplenty, so it’s a good idea to get a headstart so you don’t make the same mistakes as others!

Here are just three mistakes first-time homebuyers make, so you’re aware of what you shouldn't do!

Research the Area

It might seem obvious, but researching the area is absolutely crucial when it comes to purchasing your first property. When looking at properties, you should be thinking about the location and what it has to offer. Some of the things you might want to look for is good transport links, pubs, bars, restaurants, gyms and supermarkets. If you move into your new home and discover that there’s nothing near that interests you, then you’ll be left bitterly disappointed. It might be a good idea to visit the area before placing any offers so you know exactly what to expect from the area.

Ignore Surveying

One of the worst mistakes first-time homebuyers can make when purchasing a home is not enlisting the help of property surveyors. Property surveyors assess the property before you make any big decisions, saving you thousands of pounds on repairs and maintenance. There’s nothing worse than moving into your ideal home and discovering there’s an abundance of work that needs to be done which will cost a fortune, so it’s important to have a full structural surveyor come in and take a look at the property.

Ignore Credit Score

Your credit score plays a huge role when it comes to buying your first home. Your credit score influences whether they should lend money to you, so it’s important to keep your score as high as possible. Having a poor credit score will increase the chances of your application being rejected, meaning that your dream home could slip through your fingers. Adding insult to injury, a rejected application can go against your existing credit score - so it’s vital that your credit score is built up in the first place. There are several ways in which you can build up your credit score, but it’s something that you should frequently keep a close eye on.

If you’re looking for a surveyor to look over a property, then look no further than Simon Levy Associates. Our property and building surveyors have a wealth of experience behind them, so they can fully appraise the situation before you commit to any big decisions. Based in Borehamwood, Barnet and Watford, we’re the expert structural surveyors you can count on. To find out more about the services we offer, then get in touch with our team today.