Advertising
Advertising

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.

Advertising

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?

Advertising

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?

Advertising

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.

Advertising

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

More by this author

Diane Koopman

Writer, Author, Novelist, Self-Publisher

Why Instant Gratification Holds You Back from Achieving What You Want 10 Scientifically Proven Health Benefits of Taking a Bath 20 Dalai Lama Quotes To Change The Way You Think Small Things Parents Can Do to Effectively Reduce Sibling Jealousy Learning These 10 Tricks Can Help You Overcome Frustration in Communication

Trending in Home

1 10 Small Changes To Make Your House Feel Like A Home 2 30 Awesome DIY Projects that You’ve Never Heard of 3 5 Reasons Why Tidying Your Room Can Change Your Life 4 25 Really Cool Cat Furniture Design Ideas Every Cat Owner Needs 5 Scientists Discover Why You Should Take Off Your Shoes Before Entering Your Home

Read Next

Advertising
Advertising
Advertising

Last Updated on September 18, 2020

7 Simple Rules to Live by to Get in Shape in Two Weeks

7 Simple Rules to Live by to Get in Shape in Two Weeks

Learning how to get in shape and set goals is important if you’re looking to live a healthier lifestyle and get closer to your goal weight. While this does require changes to your daily routine, you’ll find that you are able to look and feel better in only two weeks.

Over the years, I’ve learned a lot about what it takes to get in shape. Although anyone can cover the basics (eat right and exercise), there are some things that I could only learn through trial and error. Let’s cover some of the most important points for how to get in shape in two weeks.

1. Exercise Daily

It is far easier to make exercise a habit if it is a daily one. If you aren’t exercising at all, I recommend starting by exercising a half hour every day. When you only exercise a couple times per week, it is much easier to turn one day off into three days off, a week off, or a month off.

If you are already used to exercising, switching to three or four times a week to fit your schedule may be preferable, but it is a lot harder to maintain a workout program you don’t do every day.

Be careful to not repeat the same exercise routine each day. If you do an intense ab workout one day, try switching it up to general cardio the next. You can also squeeze in a day of light walking to break up the intensity.

Advertising

If you’re a morning person, check out these morning exercises that will start your day off right.

2. Duration Doesn’t Substitute for Intensity

Once you get into the habit of regular exercise, where do you go if you still aren’t reaching your goals? Most people will solve the problem by exercising for longer periods of time, turning forty-minute workouts into two hour stretches. Not only does this drain your time, but it doesn’t work particularly well.

One study shows that “exercising for a whole hour instead of a half does not provide any additional loss in either body weight or fat”[1].

This is great news for both your schedule and your levels of motivation. You’ll likely find it much easier to exercise for 30 minutes a day instead of an hour. In those 30 minutes, do your best to up the intensity to your appropriate edge to get the most out of the time.

3. Acknowledge Your Limits

Many people get frustrated when they plateau in their weight loss or muscle gaining goals as they’re learning how to get in shape. Everyone has an equilibrium and genetic set point where their body wants to remain. This doesn’t mean that you can’t achieve your fitness goals, but don’t be too hard on yourself if you are struggling to lose weight or put on muscle.

Advertising

Acknowledging a set point doesn’t mean giving up, but it does mean realizing the obstacles you face.

Expect to hit a plateau in your own fitness results[2]. When you expect a plateau, you can manage around it so you can continue your progress at a more realistic rate. When expectations meet reality, you can avoid dietary crashes.

4. Eat Healthy, Not Just Food That Looks Healthy

Know what you eat. Don’t fuss over minutia like whether you’re getting enough Omega 3’s or tryptophan, but be aware of the big things. Look at the foods you eat regularly and figure out whether they are healthy or not. Don’t get fooled by the deceptively healthy snacks just pretending to be good for you.

The basic nutritional advice includes:

  • Eat unprocessed foods
  • Eat more veggies
  • Use meat as a side dish, not a main course
  • Eat whole grains, not refined grains[3]

Advertising

Eat whole grains when you want to learn how to get in shape.

    5. Watch Out for Travel

    Don’t let a four-day holiday interfere with your attempts when you’re learning how to get in shape. I don’t mean that you need to follow your diet and exercise plan without any excursion, but when you are in the first few weeks, still forming habits, be careful that a week long break doesn’t terminate your progress.

    This is also true of schedule changes that leave you suddenly busy or make it difficult to exercise. Have a backup plan so you can be consistent, at least for the first month when you are forming habits.

    If travel is on your schedule and can’t be avoided, make an exercise plan before you go[4], and make sure to pack exercise clothes and an exercise mat as motivation to keep you on track.

    6. Start Slow

    Ever start an exercise plan by running ten miles and then puking your guts out? Maybe you aren’t that extreme, but burnout is common early on when learning how to get in shape. You have a lifetime to be healthy, so don’t try to go from couch potato to athletic superstar in a week.

    If you are starting a running regime, for example, run less than you can to start. Starting strength training? Work with less weight than you could theoretically lift. Increasing intensity and pushing yourself can come later when your body becomes comfortable with regular exercise.

    Advertising

    7. Be Careful When Choosing a Workout Partner

    Should you have a workout partner? That depends. Workout partners can help you stay motivated and make exercising more fun. But they can also stop you from reaching your goals.

    My suggestion would be to have a workout partner, but when you start to plateau (either in physical ability, weight loss/gain, or overall health) and you haven’t reached your goals, consider mixing things up a bit.

    If you plateau, you may need to make changes to continue improving. In this case it’s important to talk to your workout partner about the changes you want to make, and if they don’t seem motivated to continue, offer a thirty day break where you both try different activities.

    I notice that guys working out together tend to match strength after a brief adjustment phase. Even if both are trying to improve, something seems to stall improvement once they reach a certain point. I found that I was able to lift as much as 30-50% more after taking a short break from my regular workout partner.

    Final Thoughts

    Learning how to get in shape in as little as two weeks sounds daunting, but if you’re motivated and have the time and energy to devote to it, it’s certainly possible.

    Find an exercise routine that works for you, eat healthy, drink lots of water, and watch as the transformation begins.

    More Tips on Getting in Shape

    Featured photo credit: Alexander Redl via unsplash.com

    Reference

    Read Next