Tips for First-Time Buyers in Bath

There are lots of things we aspire to in life, and many of us would put being a homeowner on that list. This is certainly true for anyone who dreams of leaving the cycle of renting properties. However, it’s not always the easiest thing to do nowadays. Although a lot of house prices are on the decrease, there are quite a few obstacles to navigate.

Luckily for Bath’s residents, there are always ways for first-time buyers to get themselves a house or apartment. At Thomas Firbank, we make a point of passing on information and tips to help our followers and customers. With that in mind, here are some tips for first-time buyers in Bath.

Our Top Tips for First-Time Buyers in Bath –

This suggestion will bore the pants off you, but you’ll need to start managing your money and record everything you spend. That’s right. It’s time to do the adult thing, open an Excel document, and save those receipts. Put all the information from your receipts in once a week, and by the end of the month, you should see patterns emerge. Then it’s time for some tough questions on where you can make savings.

You will have to create a monthly budget, which includes your expenses and some money for things like gym membership and nights out. Anything that’s leftover should be put into a savings account, so go and open one now. If possible, set yourself some monthly savings goals. Check online to see if there are examples of typical mortgage deposits and any information that relates to saving.

Now that you’ll be on your way to saving for a deposit, your next line of research is first-time buyers’ schemes. The government are making it easier for first-time buyers and low-income households to get onto the property ladder. You’ll need to work out what sort of scheme fits your situation. Some examples are Help to Buy, Shared Ownership, and Start Home Scheme but there are many more.

There are also other avenues to explore when trying to find affordable ways to get your first home. Housing auctions in Bath are an excellent way to get properties well below the typical market price. However, it’s not as easy to see if there are any issues, so there is a lot of risks if you go this route.

Property development offers the chance to buy a house or apartment that needs renovation. You’ll have to be willing to project manage the whole restoration, in addition to whatever your full-time job is. It’s not for everyone, but you might just be able to revamp and run-down building and make it your dream first home.

Some Other Things to Consider When Viewing Properties –

It’s vital that you do as much research as possible when looking to invest in a house or apartment. You may have a few areas you like, so you need to separate each one and uncover as much information on each place as possible. Find out everything you can about things like average house prices per area. What sort of amenities and facilities is close by? You’ll eventually find one or two areas that tick all your boxes.

Create a list of everything you’re looking for in a home. That includes what type of property, how many rooms and bathrooms, as well as things like garden, garage and parking requirements. You’ll eventually have to compromise on some aspects, but you need to be as specific as possible.

Make sure you contact an estate agent to help you search for your home. Not only do they have filtered searches for homes that might suit you, but they also have a lot of knowledge and experience. You can share your wish list and budget with them and leave them to compile suitable places to view.

If you find the ideal property, don’t miss out on it for the sake of moving dates. Even if you have to wait a few months, it’s better to use storage to make sure you secure the perfect house or apartment. Buying your first home is not easy, and negotiations can be tricky. As long as you know the property is right for you, stick to your guns and rent a self storage unit from Thomas Firbank.

Thomas Firbank – We’ll Get You Moved into Your New Home in Bath –

Thomas Firbank moves hundreds of first-time homeowners every year, and we understand how difficult it can be to organise everything. That’s why we’re here to assist you as much as possible. The sooner you contact us, the more we can help.

Thomas Firbank operates with the ethos that every customer has different needs. That’s why we get to know every person we work with as much as we can. This helps us create a picture of what they need from us. We’re always happy to talk through our range of services, even if it’s just a first inquiry. From the first time you phone us, you’ll feel at ease with our friendly members of staff.

At Thomas Firbank, we know that saving for your first home can be expensive. That’s why our removals and storage packages are affordable and well below the typical rates. We make sure that our removals and storage services are designed to cover all bases.

The Thomas Firbank team know how tricky it can be to get on the property ladder. That’s why we always try to help our first-time buyers as much as possible. Please feel free to contact us today, and we’ll see how we can help you make your dreams of owning your own home come true.