Are you a first time home buyer? Buying new homes involves a lot of considerations, especially when you are first time buyer and here are some suggestions as you go out for your prized asset.
First of all, you have to make a market survey on the new build homes around your place. The best thing is consult with a premier real estate agency who can present you with a versatile listing on the newly built homes around. Choose the house according to your family size- there’s no need to buy a big house when you are a small family. Then, check out on the locality. Your chosen prospective habitat must belong to a well-connected area and at easy proximity to the basic amenities like hospitals and schools.
When it comes to mortgage loans, its better that you opt for a longer term option say a fifteen year advance. It’s because the rate of interest is generally lower with the longer advance periods. Besides, don’t forget to consider the resale value in case you have a plan to shift to a bigger venture when your family expands. For example, houses with 3 bedrooms would sell off much faster than the 2 bedroom apartments.