economylifestylereviewsitetechnology

Do you need a bigger house?

The pandemic brought a new reality, working from home, and many of us were unaware of how small our home was.

Many things have changed in our lives since the beginning of 2020, the pandemic COVID-19, made us spend

The pandemic brought a new reality, working from home, and many of us were unaware of how small our home was.

Many things have changed in our lives since the beginning of 2020, the pandemic COVID-19, made us spend more time at home, work at home, shop only when necessary, see friends and family by video call, among so many other things.

Portrait of young woman working with a laptop from home while man cleaning kitchen at background. Home office concept. New normal lifestyle.

We had to adapt to this new reality, some easier and some very difficult, for me not being able to be with the family, go for a walk or go to dinner with friends, it was one of the most difficult things to accept, but we know it is for our sake as well as that of others.

Culture is also very much needed, concerts, theatre, museums, exhibitions are some of the activities that I like to do the most, they feed my spirit, something that I miss as much as the food for the stomach.

Travelling is another of the activities that I like and miss the most, visiting new places and knowing people, learning and acquiring with others, new knowledge.

Another thing I had to learn was to share the space with the rest of the family, there are five of us at home, all with activities to do, be it work or study and of course sharing the daily obligations of cooking, cleaning and tidying the house.

And I realized that my house was small!

Many of us came to this conclusion, I’m sure, while we were working out, studying outside, the house was empty, only at night we all met at home, at the weekend, after cleaning, we had activities to do, the house was big enough for everyone.

I am now faced with a different reality, and I realize that space at home is very important, personal space is very important to be able to work alone, to concentrate, very important, but also for others, the children who already work not to be constantly interrupted by my phone calls, for those who study, to be able to interact with colleagues and teachers, without being worried that they are being overheard by my colleagues or clients.

I need a bigger house with space for everyone!

I started looking for another house, but is not easy, in addition to finding the house I need, it is necessary to think about expenses, taxes, utility payments, in addition to the loan, everything is necessary to take into account before making the purchase, to that change is possible and does not become a nightmare.

So I went looking for information and advice on how to do and buy my new home. I found information on the website hsbc.co.uk which was very helpful with 10 steps to follow.

“Buying your own home is an exciting time, but there are lots to think about.
From saving for a deposit to finding a home, making an offer and securing the deal, here’s a guide to help you through the process.

1. Know what you can afford
The first step to getting your dream home would be to get a rough estimate of how much you could borrow for a mortgage to give you an idea of ​​the type of property and location you could afford. It may also help you work out how much you’ll need to save for a deposit.

2. Build up your savings
If you don’t have enough for a deposit, make a savings plan. You can also create a budget to see where you can cut back and save more.

3. Check your credit score
When you apply to borrow money, lenders will look at your credit score before deciding whether to accept your application. It can show them how reliable you are at borrowing and repaying the money.
It’s recommended that you check your credit file to make sure there are no mistakes. You can also improve your credit score to increase your chances of getting a mortgage.

4. Know what type of property you’re looking for
Take some time to think about what is important in a home versus what you’d like. This will help you narrow down your search when it comes to looking at properties.
When making your list, think about your long-term needs. House prices can go down as well as up and it can cost money to move. For example, if you’re hoping to start a family, finding a place with room to expand may mean that you won’t have to sell to buy a bigger place.
Location is also important. Research and visit different areas to get an idea of:

  • what it would be like to live there
  • what areas you can afford to buy-in
  • what the schools are like
  • how long it would take to commute to work

5. Get a Decision in Principle
A Decision in Principle – also known as an Agreement in Principle – gives you a clear idea of ​​how much you could borrow based on your circumstances. It usually involves a soft credit check to look at your credit history but will have no impact on your credit file.

6. Find the right home and make an offer
With your list of requirements in hand, it’s time to contact estate agents, search for properties and arrange viewings. This is also a good time to start looking for a solicitor or licensed conveyancer.
It may take some time, but when you find a property you want, deciding on the right price to offer can be exciting and scary. From asking the right questions to negotiating tactics, get tips on how to make an offer on a property.

7. Apply for a mortgage
Once your offer has been accepted on the property, you can apply for a mortgage.
There are different types of mortgages to choose from. The one for you will depend on your financial situation, future plans and the type of property you’re buying. If you prefer, you can speak to a mortgage broker to help you find and apply for a mortgage. A mortgage broker is an advisor who will be able to look at a variety of mortgage options for you.

8. Carry out the legal work
There will be legal work involved with buying a property which is carried out by a solicitor or licensed conveyancer. This can take between 6 to 12 weeks, on average, to complete and there will be costs involved.

9. Carry out a property survey
As well as the valuation that your lender may have arranged for their benefit, you should also arrange an independent survey of your own to flag any potential problems. The survey itself will take a few hours and will be completed by a surveyor who will then send you a report.

10. Exchange contracts and agree on a completion date
The exchange of contracts is when solicitors or licensed conveyancers swap signed contracts on behalf of you and the seller. It’s also when they’ll ask you to transfer your deposit over to them.”

Another of the sites I found was mortgage calculator which I found fantastic, and it helped me a lot to choose based on the calculator to know my possibilities, I wasted no time, something that these days I thought I had more. information on interest rates, what I need to apply for a loan, what is required of me and the cost of a hasty decision.

It was like finding a little treasure that took away a lot of doubts and anxiety, if you plan on buying a house, moving house or even refinancing yours, take a look, the visit will be a time saver.

Show More

Related Articles

Deixe uma resposta

O seu endereço de email não será publicado. Campos obrigatórios marcados com *

Back to top button
error: Content is protected !!