Moving to a new home is one of the most exciting things in life. Finally, you get a place of your own in this world. You have so many plans in your mind, which you are about to implement to convert the newly bought house into a dream home. Indeed the home buying process is very long, but the happiness comes after it is immeasurable. However, sometimes moving to a new home becomes a nightmare, especially for first-timers, if you don’t pay attention to the following things,
Home loan vs. Liquid funds
The home buying process can be cumbersome with all the formalities, especially when you are taking a home loan. House purchase may seem easy by using your liquid funds and saving. However, buying a house by taking a home loan is a better option. Choosing a home loan not just saves you from spending all your earnings, but it also provides you with sufficient money for unexpected expenses like repair.
Know about different types of home loans and select the one that provides sufficient funds for the purchase of your new home. Nowadays, you can also use a home loan EMI calculator to estimate the instalments on loan. Be very careful before signing the papers required to close the deal.
Know the area
Before moving to a new house, inspect the surrounding area to make sure there are enough facilities. For example, if you have children in your family, make sure that the schools are not far from your home or there are satisfactory commute options available. Check whether there are sufficient stores like a pharmacy, supermarket and laundry in the periphery. You can do eXp Realty property search for various avilaible property(s) in the area.
Inspect the house thoroughly
Close examination of the home is crucial for a more extended and comfortable stay in it. Check if there are any water leak stains, condition of the roof and identify the things that may cause troubles in the future. Also, search the house carefully to confirm there are no pest infestations.
Home insurance
Insurance of your property may not be on the top of your list before moving into your first home, but it comes handy in many cases. Property insurances provide coverage against damage caused by natural as well as artificial disasters.
Fix your budget
Buying an empty property and converting into a place to live can be money consuming. Thus, you need to have a fixed budget for utilities like gas, water and garbage management. If you start planning about these expenses after moving into a new house, it will cause unnecessary stress on your savings. Another big thing you must prepare before moving is taxes. So, plan your budget to avoid future headache.
Changing the keys
Many people often ignore the importance of changing the main-key of the house. It seems like a small thing. However, it can make your new home vulnerable to robbery or theft. As soon as you get the possession of the house, change the central lock and key of it.
