Before proceeding into buying a house, a buyer needs to know the basics before signing on the dotted line. Here are 12 tips to help you make the right decision.

1. The Right Neighbourhood. 

Find a neighbourhood that fulfils your needs. Figure out where you want to live before you start looking for a home. Consider things like schools you would like your children to attend, convenience stores or markets to buy your groceries, place of worship, a park or a playground for your children to play in, as well as the public transport (if any) before deciding.

2. Buy For The Long Term.

Property is generally not a good investment in the short-term, so be cautious of buying unless you are looking at staying in that particular home for at least five years. 

3. Buy A Home That Fulfils All Your Needs

Your home must be able to cater to all of your needs. It is where you will entertain your friends, where you sleep and where you will raise a family. In other words, do not buy something that is too small with the idea that you can “make do”. Nothing is more frustrating than a lack of space. Determine your needs before you start house-hunting, and stick to the plan.

4. Stick To Your Budget

Find a property that is within your budget. Do not look at a property that is more expensive than you can afford. This not only wastes your time, it generally causes a great deal of frustration and hampers the overall search for a suitable property. Have a budget and work within it.

5. Do Not Be Dazzled By Unnecessary Features

All that glitters most certainly is not gold. Do not be pulled in and allow impressive features to cloud your judgement. Nothing, not even special archway or a spa bath is going to make your life better if the rest of the property is not up to scratch.

6. Do Your Research

Do your research and have some idea of the average price of a property in the area in which you want to live. If a property seems a little pricey, ask the agent why the price is so high and move on if you are not satisfied with the reasons given.

7. Ask Questions

Do your research and have some idea of the average price of a property in the area in which you want to live. If a property seems a little pricey, ask the agent why the price is so high and move on if you are not satisfied with the reasons given.

8. Start Saving For A Deposit

Try to save up for a deposit, even if you think there’s a chance you will be eligible for a 100 per cent loan. Remember, the more you put down, the less you will pay in monthly instalments.

9. Shop Around For The Best Bank Loan Agreement

Do a little bit of studying and comparing the bank rates. Islamic and conventional loans are available for house buyers.

10. Beware Of The Hidden Costs

Make an effort to find out about the so-called ‘hidden costs’ before you buy. Legal fees, stamping fees, MRTT, deposits for lights and water all need to be paid, and should be taken into consideration. Get some idea of what you are in for before buying, and make sure you have enough cash to take care of all the additional costs.

11. Do Not Get Disheartened

Do not assume you have failed because a seller has rejected an offer. Raise your offer if you can afford to, or walk away and find something else. You may be disappointed, but there is an excellent chance you will find something just as suitable within your price range.

12. Do Not Rush Into A Deal

This is important. Take your time and do not allow anyone, including the seller or agent, to talk you into buying something if you are unsure of any aspect of the home. Weigh up everything before making a decision and be absolutely sure that you really want the home before submitting an offer.

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