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8 Things to Consider When Buying a New Home

8 Things to Consider When Buying a New Home

Buying a new home is one of the most daunting experiences; yet it is one of the biggest milestones in life. It is easy to feel overwhelmed by this huge life decision and substantial financial investment. It is a significant commitment and requires careful planning and cautious choices. Planning is vital to the process, and while it will help you set your boundaries, it will also show you where you need to be flexible as you wade through the market.

Once you have made up your mind about the boxes that a potential property needs to tick, you can determine on which matters you are willing to be more flexible, and narrow down your options. If you do your homework, you can avoid the pitfalls and empower yourself for a successful and prosperous purchase.

1. Price

Your new property is going to have to fit into your budget. This is probably the most important thing to consider when buying a new home. How much are you willing and able to spend? What is your absolute ceiling?

Don’t waste your time looking at properties that you can’t afford because realistically you won’t be able to compete with other buyers and will leave yourself short, considering all the other expenses you need to cover including lawyers and realtors’ fees, repayments, rates, strata, living expenses, bills, and ongoing costs. You need to take into consideration if you will have funds leftover for possible renovations, furnishings and other improvements.

You also need to factor in the cost of moving including movers, packing, and cleaning, storage, redirecting mail and rubbish removal. If you are borrowing from a lending institution, you need to make sure you are covered if interest rates increase unexpectedly.

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2. Location

You need to decide where you want to live. It sounds easy enough, but there are a number of things to consider. You may want to ensure that you live close to where you work, where your children will go to school, where your family and friends reside, and where you go for shopping and leisure.

You may not decide to live in the same suburb as these needs, but then you should consider your travel and commuting to places that your life revolves around. Location is extremely important, as it will determine your quality of life for possibly years to come. You should consider if the area is familiar to you or if you will embark on a whole new lifestyle. When looking at properties in the area of your choice, consider the neighborhood carefully. You may want to introduce yourself to the neighbors or just observe the comings and goings of the street.

Think about the property’s proximity to main roads and be aware of the flow of traffic. Take stock of the surrounding area and the possibility of noise and activity. Are there stadiums or public arenas nearby? Or perhaps busy pubs and clubs? Is public transport readily available and is the town under any flight paths?

You may be looking for a vibrant and fast-paced environment or a quiet and secluded lifestyle. Whatever your preference, make sure that the dwellings you look at meet your needs.

3. Size

When buying a new home, you need to think about the size of the dwelling you require. How many bedrooms are you after? Do you need a big kitchen and bathroom(s)? What about living areas? Are you the kind of person who likes to entertain, or do you prefer to eat out?

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Do you need a yard or balcony and are you prepared to put in the maintenance required should you have a large outdoor space? Are you considering a swimming pool or perhaps you require storage and a garage? Is there room to renovate and do you need approval?

You may look for a dwelling that has the potential for a granny flat, extra bedrooms or living areas and can you expand the kitchen or bathrooms later on? These are all very important questions and rely on you having the capacity to think a little bit ahead.

A new property needn’t have everything you need immediately if you can see potential to invest in expanding it later on, and the property can accommodate that. The size of a dwelling also largely depends on how many people are going to reside there.

Are you single? A couple? Do you have children or pets? Will you want to accommodate extended family or friends? Do you want the potential to house boarders and earn an income? Do you need room for many belongings or are you a minimalist?

4. Upsizing or downsizing

Buying a new home often means you are needing more or less space. Whether you are moving in order to expand or to reduce your living space, you need to consider if you have to get rid of things or buy more. Both scenarios require planning and foresight in order to make the transition as seamless and stress free as possible. Are you living with more people, expanding your family, or will you need room for guests? Or are you going it alone?

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5. Timing

Timing is everything when you are buying a new home. You need to figure out how much time you have to complete the process and whether or not you are on a time restriction or not. You may be selling and buying simultaneously or ending a lease, in which case you need to ensure that exchanging the keys for both your old and new home happen around the same time.

Financially when you are buying and selling at the same time, you need to consider whether or not you need a bridging loan, which will cover you if you purchase a new dwelling and need more time to sell the old property. It’s all a negotiation between yourself and the other parties involved and communication is imperative. Reading the fine print of any agreement or contract is also vital and it’s helpful to have excellent and experienced legal representation to assist and advise you.

6. Viewing

One of the most tiresome activities that you must endure when buying a new home is going along to open houses to view properties that are for sale. However it doesn’t have to be something you suffer through. It can actually be pretty exciting and enjoyable. You have to narrow down the properties that fit the majority of your requirements and remind yourself that it is impossible to see everything.

If there are clashes with scheduled viewings of properties that you are keen to see, you just need to prioritize and see the most suitable first. Properties will often be open for viewing on more than one occasion so it isn’t too difficult to see all the dwellings you are keen on.

You also have the option to arrange a private viewing at a time that is more suitable to you, and most selling agents are very accommodating. They want more people to see the property to increase the likelihood of it selling at a good price. They want you there and are more than happy to stay a little later or meet you at a different time.

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If you are buying a property off the plan or you plan on building, you need to be careful about what you imagine a property will look like once it is finished and the reality. The positive side is that you can carefully tailor a dwelling to your requirements and correct or change things as you go.

The negative is that sometimes the end result isn’t exactly as you envisaged and changes will incur further costs. It really depends on you having a strong relationship with your architects and engineers, particularly if the dwelling is free-standing.

You may have less control and input if the place is a part of a larger complex, like in the case of a unit or town house. You will need to ensure you or your legal representatives are in good communication with the builders and developers.

7. Purpose

The purpose of your purchase will determine many of your decisions. Will you be an owner occupier? Are you flipping it—buying something you will renovate and improve in order to sell it on for a profit? Will you purchase the property and then lease it out? Whatever your purpose, the type and condition of the dwelling you buy and how much work you are prepared to do to improve it will only be successful if you keep your intentions in mind and buy accordingly.

8. Permanency

Is it a forever home or a transitional one? If you are looking for a home you will commit to for years to come, the process may take longer to find the perfect fit. After all, it is not a decision to be taken lightly and you may have to face a few let downs and disappointments until all your conditions are met. If it is a temporary arrangement or an investment, you may have room for more flexibility and may be looking at something that is good enough as opposed to perfect.

Featured photo credit: Jennifer C. via flickr.com

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Diane Koopman

Writer, Author, Novelist, Self-Publisher

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Last Updated on May 22, 2019

10 Simple Morning Exercises That Will Make You Feel Great All Day

10 Simple Morning Exercises That Will Make You Feel Great All Day

There are lots of studies that show if you do some exercise in the morning, you will be in a better mood all day long. You will have more energy and you will certainly be a better colleague, friend or partner.

One psychologist at Duke University has researched the effects of exercise on depressed patients and he has come to the conclusion that exercise has a definite role in treating this condition and has an important role in preventing people from relapsing.[1] According to the New York Times, scientists have now established that exercise also boosts your brain power.[2]

In addition, there are studies from the Appalachian State University which show that blood pressure can be reduced by doing regular morning exercise.[3]

Here are 10 simple morning exercises that will help you feel great the whole day long. You can include some of them in your morning exercise routine or do them all at home without having to enrol in a gym. Consult your doctor before starting any form of exercise routine if you are new to this.

1. Cat Camel Stretch

Stretching exercises are useful for muscle toning and also preventing arthritis. They can either be dynamic or static.

Dynamic ones such as the cat camel stretch, are particularly useful for doing other exercises in the morning. They are also beneficial at other times of the day, especially after long periods of sedentary work. This one is great for spinal flexibility and is a good warm up exercise.

Kneel down on all fours. Start by rounding your back just like a camel so that your head will try to meet your pelvis. This is the camel position. Then lower and lift your head so that your lower back is arched. This is the cat position. Do these movements slowly and smoothly. About 4 or 5 times.

Here’s a video to guide you through:

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2. Go for a Walk or a Run

This is better done outside so that you can connect with nature but running inside on a treadmill is almost as good. You can time yourself and increase length and time according to your fitness program.

Always have new goals to reach. Start with brisk walking and work up to running. At my age, I am still walking!

The health benefits are considerable. You can build stronger bones and you can help to maintain your weight.

Also, you are helping your heart to stay healthy and keeping your blood pressure low.

Learn more about the benefits of running here: 8 Benefits of Running 5 Minutes Every Day You Didn’t Know

3. Jumping Jacks

Michelle Obama is a great fan of this exercise and has become “Jumper in Chief.”[4] They are great for cardiovascular health and also for toning muscles especially the calves and the deltoids.

Stand with feet together. Jump while spreading your arms and legs. Return to first position and keep going! You can start with doing these for 1 minute and then gradually build up to the number you are comfortable with. Here’s how:

4. Abductor Side Lifts

Watch the video below to see how to do this exercise. These muscles are important because you use them everyday to run, get into the car or onto and off a bicycle. They are very important also for your core stability and prevent the pelvis from tilting.[5]

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Do about 10 to 15 raises for each side like this:

5. Balancing Table Pose

This is a classic yoga pose. It benefits the spine, balance, memory and concentration.

Start with the table pose (hands and knees). Breathe in before starting each movement. As you exhale, raise your left leg parallel to the floor as you raise the right arm, also parallel to the floor. Breathe in as you lower arm and leg. Repeat for the other side. 10 repetitions on each side is a good starting point.

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    6. Leg Squats

    Not just legs are involved but also hips and knees.

    Stand with your feet a bit further out from your hips. Arms are out in front of you. Then lower yourself as if you wanted to sit down until you reach a 90 degree angle. You can go down further if you want to. Then return to the starting position. Repeat 15 times for 2 sets for beginners.

    The benefits are that these exercises help with knee stability and can benefit the leg muscles such as quadriceps, hamstrings and calves.[6]

    7. Push Ups

    You start lying down (face down) but with your body held up at arm’s length. Your hands should be in line with your shoulders. Breathe in as you lower your body. That is fairly easy. Now, as you exhale, you have to get back up to the starting position.

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    An easier version to start with is to bend your legs at the knees so you do not have to lift your whole body.

    Beginners may take up to a month to be able to do 100 push ups so you will have to start with a very small number and gradually increase it.

    This exercise is great for strengthening the chest, shoulders and the triceps. It is a great strengthening exercise for many muscle groups. In fact, most muscles from the toes to the shoulders are being used.

    8. Bicycle Crunches

    There are numerous crunch exercises targeting the abs. The bicycle crunch is a variation where you work more muscle groups. Aim for 15 to 20 reps to start off with.

    Watch the video to see how this is done correctly:

    9. Lunges

    Stand with feet shoulder width apart. Place your hand on your hips. Take one giant step forward with the right leg. Make sure the knee does not go too far forward, that is, past your toes. The left knee will go down to almost floor level. Alternate the legs as you go on.

    Try to do a set of between 8 and 12 reps for each leg. It is important to allow for a day of rest, so this exercise should be done on alternate days, especially if you are using weights.

    This exercise is great for strengthening and toning the quadriceps, glutes and hamstrings.

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    10. Bicep Curls

    You can do this sitting down so if you spend a lot of time on the phone, this is a great exercise to do.

    Choose suitable dumbbells or another household object that you can easily hold. Sit down with the dumbbell in your hand. You need to sit forward a bit so that your triceps can lean on your thigh to give you support.

    Then bring the weighted arm up to shoulder length and then down again. Exhale as you lift the weight and inhale as you lower it.

    Here’re some important notes before you start doing this exercise:

    Try to do one or two sets of about ten repetitions for each arm and then switch arms.

    These exercises are really useful for toning the arm muscles.[7] In addition, they can strengthen and tone the brachioradialis muscle located in the forearm. These are the muscles we use to pick up things when we flex the arm at the elbow so we use these muscles countless times a day.

    You may have to build in a rest day for the heavier exercises, numbers 6–10. On the rest days, you can do gentler stretching exercises and also some walking or running.

    Morning exercise is not only a great mood booster, but will help you keep your weight down and also sleep better![8] Start including one or some of these exercises in your morning routine!

    More Articles About Exercises for Beginners

    Featured photo credit: Unsplash via unsplash.com

    Reference

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