If you are on the verge of buying your first home and is googling crazy at the moment on all you can find about buying a house checklist, I am glad you have decided to take a peek here. Coz today I am sharing 4 steps to buying a home for the first time which you don’t want to miss!

So let’s start. Shall we?

I would say your home is your biggest financial asset. So purchasing one requires a great deal of attention.

Seven in ten people find home buying process – especially their first home – highly stressful. Indeed, househunting is, according to recent surveys, the second most stressful event in the life of a person – divorce ranks in the first place with almost eight in ten individuals describing it as stressful.

Getting involved in the property market can lead to chronic stress and anxiety disorders in the most extreme cases. What makes it so hard for your mental health? The reason is obvious: Buying a house is a complex process that demands a long-term commitment. You can’t remove the obstacles that stand between you and your dream home, but you could familiarize yourself with them to understand how to approach and tackle them successfully. So without further delay, have a look below for the 4 steps to buying a home for the first time! 

 

4 Steps to Buying a Home for the First Time

 

 

How am I going to get a mortgage?

 

The first thing that comes to mind when you consider homeownership is the responsibility of a mortgage. As most mortgage loans tend to require over ten years in repayment, it’s not uncommon for individuals to prefer the apparent financial freedom of renting instead. In reality, you can find mortgage loans at competitive rates if you shop around. Don’t be afraid to ask mortgage brokers for the best offer; you’ll be surprised to find out that they tend to have better rates than your banker. You need to research the best options for you before agreeing to any loan.

 

How am I going to look after my property?

 

As a tenant, you don’t have to worry about home maintenance. But when you become a homeowner, looking after your property is a priority. Indeed, there’s no option to fall back onto if you fail to maintain your home. For many young adults, the prospect of home maintenance can be a source of stress. But you can prepare a checklist of your responsibilities throughout the year to stay on track. Additionally, you will also need to learn the basic home improvement skills with your local hardware stores – most offer DIY classes. While these classes are not going to turn you into a professional, learning how to tackle simple plumbing, electricity and decor issues can go a long way.

 

How do I plan to move in?

 

Changing home is a difficult time for everyone. You can’t smooth out all the difficulties, but you can make sure that the relevant interlocutors are informed in advance of your new address. Keeping your bank, insurance and TV licenses in the loop can avoid many issues in the long term, for instance. Additionally, you can also organize a babysitter to entertain the kids during the moving day, so that you don’t have to look after them when you’re in the middle of cardboard boxes!

 

RELATED: 10 Pointers to Save on Insurance for Home Owners

 

How do I decorate my first home?

 

Last, but not least, when you’ve never been authorized to decorate your home, it can be tricky to figure out how to start building a homely feeling in your property. Most first-time homeowners don’t even know what their decorating style is! You can, however, find guidance by complete colour personality and style quizzes online. Better Homes and Gardens has helpful material for virgin decorators.  

 

RELATED: 7 DIY Home Decorating Ideas 

 

Cheap Home Decorating Ideas Under $20 

 

Should househunting be one of the most stressful events in your life? The answer is no. While it’s a complicated process, you can prepare yourself to tackle challenges on the way, and feel more relaxed about becoming a homeowner. Hope these 4 Steps to Buying a Home for the first time will help you in one of the most important decisions of your life.