Things To Consider When Buying Your First Family Home | Modern Mummy

Sunday, 30 December 2018

Things To Consider When Buying Your First Family Home

My favourite house at the bottom of The Devil's Punchbowl

Buying your first home is a huge decision - and buying a first home for your family is an even bigger one! Rather than just looking out for things that suit you, the wants and needs of other people need to be taken into consideration, so it really isn't something you should rush into. If you’re struggling with the overwhelming challenge of buying your first family home, then read on; this post is all about some of the things you need to consider.

If you’ll want to sell it after a certain time: 
Whilst it may seem somewhat premature to be thinking about selling your place before you’ve even bought it, you should always remember that property is an investment - and thinking ahead about selling it one day, to either upgrade or leave it for your kids, is definitely something that you need to do. This doesn’t mean you need to know when you’re planning on moving on, it just means that you need to be looking for places that are potentially going to be sellable in the future and possibly places that you can improve in order to make a bit of money in the process, eg by renovating or extending it.

If it has all the features you need: 
Although you’re ultimately going to make the place your own by adding things that reflect your style, and things that work for your family, it’s still good to have a starting point with some of the features you’re looking for. For example, maybe you’re looking for a place that has a garage, or a garden. Once you own the place, then you can redo the garden and add things like Kelkay Pebbles to, but you can only do this it you have a garden to begin with.

If the neighbourhood is right for your family: 
The right neighbourhood is about more than just being a good neighbourhood; it’s also about being one that’s practical and works for your family, such as being not too far from work and school, being accessible for things like shopping or anything else you and your family may need in your life on a daily basis. Think seriously if you're considering a move from the city to the country and vice versa; a switch may sound like good move but living rurally when you're not used to it or living in the city when you're not used to the traffic / noise can have a bigger impact on you than you'd expect.

If you can truly afford it: 
As tempting as it can be to jump in and buy a house either as soon as you start a family or plan to start one, the best idea is always to wait and buy something you can afford. If you're not in a position to buy a family home straight away, you might consider something smaller as a stepping stone - or consider waiting a few years so that you can save up a bit more and then be able to afford that perfect place. If buying a house is definitely in your plans, then waiting a few years isn’t going to be the end of the world and will enable you to make some changes in your lifestyle such as cutting back to be able to save more each month.




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