Buying your first home could involve meticulous planning and consideration. In this video, we’ll walk you through the process. You could start by determining your budget. Analysing your monthly income and expenses might help you figure out how much you can comfortably afford. You could aim to keep housing costs within 28-30% of your gross income and save at least 20% of the property value for a down payment. You might need to account for additional costs like stamp duty, registration fees, and maintenance charges.
Next, we’ll talk about location. You could choose areas with good connectivity to workplaces, schools, and hospitals, along with essential amenities like parks and shopping centres. Safety and potential future developments might also be important considerations.
We’ll discuss features such as size, layout, and amenities that meet your current needs while allowing room for future growth. We’ll explore the process of home-buying, including applying for a home loan, conducting property inspections, and reviewing legal documents.
Lastly, we’ll look into hidden costs like property taxes and utility setup fees. By staying informed and consulting experts, you might be able to navigate your journey to homeownership in a confident manner.
60
