FIRST-TIME HOME-BUYER? 5 THINGS TO CONSIDER BEFORE BUYING YOUR DREAM HOME

It is no surprise that buying a home comes with a lot of emotion, especially if you’re a first-time homebuyer. You’re filled with excitement, joy, and happiness, and at the same time, you’re confused, nervous and it can be stressful.

No the matter which part of the country you’re from, owning a home is still a major part of the ‘Great Australian Dream.’ It can also be a great way to help build wealth over time when done properly.

If you’re also thinking about planting your roots in the Western Sydney area, moving out of your rental and buying a home of your own, but don’t know where to start, here are 5 important things you should consider.

Choose a trusted agent

If you Google, you’ll find a plethora of people claiming themselves to be the best realtors and real estate agents in New South Wales and Western Sydney. How to decide which realtor you should trust? Keep in mind that it’s the seller, not the buyer who pays the commission. Our experienced real estate experts at The Bathla Group Builders say that new home buyers should keep in mind that a savvy realtor will protect your interest and wouldn’t pocket both sides of the commission. Engage an agent who listens to your requirements and guides you through the buying process – from navigating home inspections to negotiating the price.

Decide Your Budget

Determining how much house you can afford is one of the biggest decisions before taking buying a home. It’s important to check your monthly budget before you get emotionally attached to your dream home. You should consider other necessities including daily living expenses, utility bills, insurance, etc. There are various variables for future forecasting including your anticipated pay, financing costs, type of home loan and the market. Ask your home loan agent to enable you to comprehend what's in play.

Research the local market

Before buying your new home, it’s vital to know the condition of the market in the area you will be buying. Pay special attention to the following important points:

• How are area schools performing?
• What the property tax you can expect in the neighbourhoods?
• How far are the bus, railway station and airport?
• Are there good job opportunities?
• What is the price range of homes?

Partnering with any local home development company in Western Sydney like the Bathla Group Realtors who has extensive knowledge of the area can help you understand these key points.

Make a bucket list of your priorities

Once you decide how much house you can actually afford, you can begin your search for a home among listings in your area of choice. It’s a great idea to make a list of priorities to ensure what you want from your new home. From backyard and design to off-street parking or outdoor living space, pen down your priorities and make sure to revisit them as you begin looking and one day, you will open a door and know it feels like ‘home’.

Submit paperwork and close

It is important to collect all the relevant documents for your purchase in advance and consult a broker or your bank to get your loan approval in place. Having your pre-approval current at the right time when you find your dream home will help you ensure your ownership over the property as soon as possible.

So, these are some key tips when buying a new house for you. If you’re planning to buy a new home, villa, apartment or land property in Western Sydney, look no further than The Bathla Group. We have a team of dedicated real estate professionals and one-of-a-kind properties that will help you secure your dream home. If you have any queries regarding buying your first home, let us know in the comment section below.