(Image from Star Property)
Newly married couples usually dream of purchasing a home together. In fact, buying a home may often be a first-time experience for both husband and wife and one of the most expensive purchases a new couple will ever make. Thus, it is extremely important for both parties to be well prepared and cautious when looking at and ultimately purchasing their dream home.
(Deciding on the features that is essential in a home will help newlyweds' decision.)
As a leader in the affordable housing industry, Hua Yang Bhd knows that it can be a struggle finding your dream home within your budget and has always made it their goal to provide quality homes at affordable prices. As a responsible developer, it offers some sage advice to newlyweds for their first home purchase as a couple.
Discuss Your Budget
The fundamental issue in purchasing a home is choosing one you can afford. Therefore, you and your spouse should have an honest talk about your finances to ensure you are both on the same page with regards to how much you would be able to spend on a home. Also, ensure you can set aside the amount required for a down payment.
Set Your Priorities
Another thing to consider is what kind of design and size your dream home should ideally have. If you plan to have a large family, then one or two bedrooms may not be sufficient. Also, consider what kind of community or neighborhood you wish to reside in. Some people prioritize an area close to their jobs while others prefer to live near a good school. For this, you would need to sit down with your spouse to discuss and compromise on the features you want in your home.
Do Your Research
As with any big purchase, you should research the types of homes that would fit your budget, the neighborhood where you intend to move to, and the features you consider essential in a home. A cardinal rule of home buying is that you should not rush into a purchase because unlike shoes or a dress, you will not be able to return it if you do not like it.
Take Advantage of Financial Incentives
The reintroduction of the Home Ownership Campaign (HOC) means that buyers can enjoy the financial incentives offered by the government and developers. Right now would be an excellent time to capitalize on the low-interest rates and incentives.
A Buyer’s Market
In a buyer’s market, there are more homes for sale than potential buyers. In this instance, buyers have better options and more negotiating power when purchasing their dream home.
Article source from Star Property
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