For first time buyers, the thought of buying a first property can be really overwhelming. For years now we have been hearing of the difficulties faced by people who are wanting to buy their first place of their own, so before you begin the process, you know it isn’t an easy thing to do.
However, if you do want to be the owner of your own home, there are somethings that are certainly worth keeping in mind that may make life a little easier for you as you work towards the goal of home ownership.
First things first – the deposit. This can be difficult and is the biggest stumbling block for many people. But there are ways that you can provide a lower deposit such as with a government backed scheme, as well as ways that if your parents are in a position to, they can guarantee a low deposit mortgage for you. So, there are certainly many options worth investigating here.
The next challenge that first time buyers often face is finding a suitable property that is within the budget. This is where you can get a bit creative – for example, many first time buyers have decided that self build homes are right for them. There are companies that can help with this such as these Solihull self build homes from Ifurb. This way is also a great way to set your own budget and get the style of home that you want.