Faversham is a town located in the Swale district of the county of Kent, south eastern England. So if you are looking for a home in Faversham as a first time home buyer, things can get daunting and overwhelming. For those who aren’t familiar with the jargon and are investing a huge sum of money for the first time, this blog is for you. From looking for estate agents in Faversham to moving in, here are five pieces of advice for first time home buyers in Faversham.
1. Register yourself with an estate agent
Estate agents will quickly become your best friend when you are out to find a home for yourself. They are professionals who will guide you throughout the process of buying a house, answer all your questions and will act as a buffer between the sellers. Look for home estate agents in Faversham who are willing to listen to your requirements and will provide you with the best possible options.
Remember that local knowledge is key to finding the hidden jewels. So even if you are new to Faversham, they will guide you through the general feel of the town, transport, schools, etc.
2. Search online for your new house
Currently, more than 95% of the search for different kinds of properties begin online. While we don’t recommend buying any property solely based on virtual tours, browsing through online listings will give you a fair idea of the current market. You can also begin shortlisting houses or flats you like.
Don’t forget to book some viewings so you can see your home in person. Try to do this as soon as you find properties you like as some of them can get sold instantly.
3. Secure the mortgage
Right before you visit the property, secure your mortgage agreement in principle. By doing so, you will stay in an advantageous position with the sale, and the seller will consider you as a serious buyer who is truly interested in the property.
4. Make the offer
Now that you have found the house of your choice, it is time to make an offer. Your estate agent will guide you through the process as they have a comprehensive idea of the prices of other properties in the area. Once you agree on a number, either your agent or you (depending on whether you hire one) will get in touch with the seller’s estate agent.
5. Opening a file with a solicitor
After considering the offer, you would want to instruct a solicitor or conveyancer. It is their responsibility to handle the legal aspect of the sale- the searches, title deeds and exchanging of contracts. Some estate agencies have their conveyancing team that can be appointed at a fixed fee. The buyer is not required to pay until the process is completed.
Help to Buy Scheme
The Help to Buy scheme is an exclusive government scheme for first time home buyers where up to 20% can be lent with the help of an equity loan.
The new Help to Buy Scheme 2021-2023 has undergone a few changes owing to changes in government legislation. Regional caps are now applicable which state the spending on a home to be between £186,100 and £437,600 on your new house. Depending on its location, the cap is extended to £600,000 in London.
How does the Help to Buy scheme function?
The Help to Buy scheme is a government initiative to help first time home buyers to build their homes faster. With the help of this scheme, only a 5% deposit is required from first time home buyers. The government will provide an equity loan that goes up to 20% of the total value of the new house you are going to buy. It stretches to 40% in London.
In the next phase, you will be able to secure almost 75% of the mortgage and it will make your repayment easier and more affordable while opening opportunities for more competitive lending rates.
Under this scheme, you aren’t required to pay interest or fees on the government equity loan during the first five years of becoming a homeowner. You will have the choice of repaying the equity loan at your convenience without penalty or when you decide to sell the house.
Owning a home is a dream come true for many people. We hope this blog’s collection of pieces of advice for first time home buyers in Faversham makes your search for the perfect home a little easier.
How to Downsize: Dos and Don’ts
Downsizing has been described as “moving to a smaller or less valuable property, and is most commonly associated with retirees or people whose children have left the family home.” However, in today’s scenario, downsizing homes has become more popular as a consequence of economic pressures, where reductions in mortgage payments and household expenses have become essential. It could be for equity release or, for some, it is just to enjoy a change of environment and lifestyle.
Along with the excitement of new opportunities when relocating come challenges and emotional upheavals. Even the best Sittingbourne letting agents will advise that a well-thought-out plan, taking into consideration all aspects of this big move in one’s lifetime, is the answer.
Given below are some of the factors to contemplate when deciding to downsize.
Look at options: Before choosing, think about where you would like to move. Carry out research on properties available in that location which are feasible to your budget. This will depend on the type of property you are looking for – whether an apartment or a bungalow. Ensure that it has sufficient light and space to accommodate a home office, parking space, storage and open areas according to your needs.
Pick the right location: Think about what is important to you and the amenities you feel are essential. If it is to move closer to family, have easy access to shopping and entertainment, good transport facilities, then you need to choose an area which will provide all your requirements.
Make a choice on the type of home: Do you want to enter a new home where everything is ready and comfortable? Modern houses have lower heating charges and need less maintenance. Or would you rather pay a lower price and choose a home which needs some TLC that you can provide according to your time and requirements?
Declutter before selling your home: This is an important factor. You need to get rid of unnecessary furniture and other items so that the main features of your decluttered home can be highlighted to a potential buyer. On the other hand, you need to decide which items will be essential for your new, smaller home and keep only those. All other furnishings should be disposed of.
Digitise documents: Except for essential hard copy documents, an expert suggested “other personal or financial documents, you can scan and save”. This frees so much space. Remember to shred personal documents once they have been digitised.
Opt for eco-friendly and sustainable items: When recycling or buying items for your home, choose those which are eco-friendly and will last long. This will save on new or replacement purchases in the future.
Lose track of the financial side: Downsizing could result in a good profit by selling a larger home and buying a smaller one. The cash could provide the type of lifestyle you are looking forward to. However, if your target is to increase finances, release equity and ensure that you have enough funds for retirement as well as gifts to family members or expenses for travel, meticulous budgeting is required.
Fail to consider the time involved: With inflation, the increased cost of materials and labour is leading to delays in the process of completing buildings for sale. If you are looking for a new building, choose one that is completed or nearing completion, as it will probably take less time for the sale to go through. If you have time on your hands, then you have more of a choice. Also, some developers may offer options for the sale of your current home.
Choose a huge garden: A smaller home is easier to take care of and involves less maintenance. So does a smaller garden. It should be large enough not to be burdensome, but to be rewarded with the joy it brings.
Forget to talk to the family: In spite of the benefits of downsizing, moving from the family home can be very emotional. It sometimes means the parting of ways for each family member. Remember to talk to your family and listen to their views. It offers a chance for all to bond and decides what is best for the family as a whole.
Procure new possessions: Some offers are very tempting but it is best not to acquire “doubles”, but to make do with what you already have for your new home. As it is, you need to declutter your home so it won’t help by adding non-essential items.
Conclusion: Downsizing your home can bring conflicting emotions. The financial benefits are rewarding though the emotional feelings of leaving the comfort of your old home can be daunting. It is up to you to face the situation with positivity. Try concentrating on the benefits of the new home while discarding the problems of the old. You are sure to end up a winner!
Why Invest In Hill Estate Park View City Islamabad
Hills Estate Block is the most sophisticated and attractive block to join the famous housing development Park View City Islamabad. Furthermore, developers are keen to maintain the most exquisite living circumstances for all buyers, which investors interpreted as appealing home values. The main attraction is that the prices of the properties available here are inside all customers’ price ranges, thereby making it an ideal housing investment for residents of adjacent cities and nearby locations. Additionally, the facilities will raise investment returns because of such delights and different things at reasonable pricing. Ultimately, the blog will review the available information on the investment in Park view city Hills estate.
The vision group appears to be the developers making progress by developing Park View City. In addition, the vision group’s director, Aleem Khan, was a well-known billionaire. Furthermore, they were very well at building ideal homes for all consumers. Most importantly, their employees are experienced and well-informed about the area and the art of progress or development of living spaces. Ultimately, the community is an essential factor for the builders of a Hills Estate Block. They also intend to deliver great collaborative surroundings at cheap pricing.
CDA approved Society
This neighbourhood is a CDA-approved housing enterprise with a Credential of NOC. Furthermore, licencing is a must-have for any buyer looking to make a reliable and successful home purchase. Moreover, the developers are concerned about this problem and have obtained legal authority. Furthermore, the Hills Estate Block will serve as a neighbourhood feature, implying that it will serve as a durable housing asset for all.
Suitable Financing Plan
The growth potential is limitless, and the places are available at the most reasonable pricing. Hills Estate Block is an attractive investment for anyone wishing to spend their funds in a secure area that will create a safe environment for their family. Furthermore, purchasers can monitor a company’s potential. Prices for properties begin at 8,000,000 PKR.
Gated and Secured Society
The housing development will create a neighbourhood with all the ideal and dependable lifestyle possibilities. Additionally, the developers guarantee that surveillance systems are set throughout the property to facilitate inhabitants in evaluating the security measures in place. There would also be security personnel to assist the community in keeping track of events in the surrounding areas.
The home building’s development will start soon. Additionally, as quickly as growth begins, the housing venture will offer greater conveniences to stockholders. Secondly, the construction will follow city monitoring and measure, preventing building supply waste. An additional aspect is that everyone will contribute to an ecologically sound housing venture that includes a neighbourhood.
Likewise, some purchasers prefer their flow of capital quickly between goods. Consequently, they may invest in the market’s early phases, enabling it to stagnate. Nonetheless, stakeholders’ trust in the community and pleasure, including its revenues, discourse them from putting in additional effort.
Hill Estate is a well-planned residential community that has everything you may require. From the convenient place to the commercial districts and ample parking. The location is also ideal, close to Islamabad’s central thoroughfare and other essential landmarks.
Furthermore, the development has a number of those first conveniences that will provide you with a charming and luxurious lifestyle. The convenient location places you well before activity, surrounded by each of Islamabad’s key sights and landmarks.
It has expected that the Hill Estate Infrastructure will be as impressive as other Infrastructure of ParkView City. The Hill Estate Islamabad is one of the most reasonably established cities in Islamabad. The architecture is excellent, and numerous shops, eateries, and other industries are close. There are also various institutions and health centres in the neighbourhood, which makes it an ideal location for a family to live.
Park View City Hill Estate is a great place to invest. It offers outstanding investing prospects as enormous funds for future success. Furthermore, the city has been carefully constructed and endowed with all the necessary facilities, making it an ideal location for businesses.
Additionally, the developers have committed to strengthening this area, meaning that investors would have numerous opportunities in the future. Park view city Hills estate block is the place to go if you wish to make a safe and profitable investment.
Hills Estate Block has incorporated into Park View City Islamabad shortly. Additionally, the effect on the property ensures that all stockholders and residents have excellent living standards. There are also various blocks containing the most beautiful and spectacular mansions. As a result, this will quickly become an element of Society, giving a perfect and quiet living for all stockholders. And the position and budget range of the previous plots suggest that the construction society provides the best value for money. Following its debut, the auxiliary block’s specifications were made public.
Consider This Before Buying A House – Here Is What You Need To Know
Every one of such has a dream of having a beautiful home and a comfortable living where he/she can settle in with his/her partner and call it home. It is in our instinct to desire a safe and secure living. If you have decided to settle down with your spouse and live as a family, you are probably looking for the home of your dreams.
The pandemic had a huge impact on our lives and we spent almost all of our savings during the lockdown. The economy is on the verge of a crash and we are facing a post-pandemic crisis. It is a hard time for everyone. A time when you have to decide what you want to do with your life. Whether you want to settle with your family or wait for a few more years.
Whether you want to buy a home or rent out an apartment. No matter what you do, you will always need Renter Insurance discounts by Wawanesa to make sure that you will be protected and saved in times of crisis.
Here are a few things you need to consider before buying a house.
It Takes A Village To Raise A Child
It is true that the influence of a child’s neighborhood on his or her personality is significant and cannot be overlooked. You must make an informed decision about where you wish to settle.
Gather police information on crime rates in the area or the kind of individuals that live nearby. Visit the neighborhood on your own at least once. If you visit a terrible area, you will see gangs and drug-addicted kids on the streets. Also, inquire about the location with a few acquaintances and family members.
You may also look up news about the neighborhood on the internet to find out what types of crimes occur there and how frequently they occur.
Look For Listings On The Internet
People prefer to search the internet for anything they require rather than traveling to a store and buying physically. Nowadays, real estate service providers have well-managed websites and listings where you can browse various homes for sale as well as their details.
If you like a house, just contact chat support to set up a meeting with an agent. This is convenient, as you will not have to waste time looking for a property from one location to another.
Don’t Ignore the Minor Details
A residence should be both elegant and comfy. Comfort has nothing to do with high-quality furniture, luxurious doors, pricey drapes, or trendy paint. HVAC, plumbing, and roofing services all contribute to the comfort of a home.
These services can increase the value of a home. When searching for a home, always examine the most recent repair and maintenance check for these services, and always purchase a home with well-maintained services. These little things matter in the long run.
All of the above-mentioned tips are important to follow when you look for a house or even an apartment. Today, in times when crime rates are getting higher – it is important to get a good insurance policy as well. Happy living.
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