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Tips for First-Time Buyers and Bargain Hunters in Bath

Posted on October 19, 2023 by Thomas Firbank Removals
Tips for First-Time Buyers and Bargain Hunters in Bath

When it comes to life goals and ambitions, many of us will put being a homeowner near the top of any wish list. For people who find themselves in a seemingly endless cycle of renting, the thought of having a house or apartment of their own would be a dream come true. Although a lot of house prices are on the decrease, there are still a lot of obstacles to work around before getting onto the property ladder.

However, there are lots of ways for first-time buyers to get a house or apartment without going into massive amounts of unmanageable debt. 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 of our favourite pieces of advice on finding affordable properties.

A Guide for First-Time Buyers in Bath –

You’ll need to start taking more care with your money and record everything you spend. It’s easy enough to use a spreadsheet or Word document to note everything. And also keep any receipts and invoices. Put all the information from your receipts in once a week, and by the end of the month, you should see patterns emerge. Then you can see areas where savings are possible.

You will have to decide a monthly budget, which includes your expenses and some money for things like gym membership and entertainment. Anything that’s left over should go into a savings account, so go and open one this week. If possible, set yourself some monthly savings goals. Check online to see if there are examples of typical mortgage deposits and any advice 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 Starter Home Scheme, but there are other options.

It’s possible to explore other paths when trying to find affordable properties. Housing auctions in Bath are an excellent way to acquire a house or flat well below the typical market price. Property development offers the chance to buy a building that needs renovation. You’ll have to be willing to project manage the whole restoration, in addition to whatever your full-time job is.

Home Buyer Checklist and Moving Tips –

Research is a vital aspect when house-hunting, especially for people who are looking for a bargain or are buying their first home. It’s advisable to look at a few different areas within your chosen city, town or county. You need to separate each one and read up as much information on each place as possible. Find out everything you can about things like average house prices per location.

Create a wish 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 a conservatory. You’ll eventually have to compromise on some things, but you need to be as specific as possible at this stage.

Make sure you contact an estate agent to help you search for suitable properties to view. 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 and leave them to compile suitable places for block viewings.

If you find the ideal property, don’t miss out on it for the sake of moving dates. Even if you end up waiting for 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 that the property is right for you, rent a self storage unit from Thomas Firbank.

Thomas Firbank – Bath’s Reliable and Affordable Removals Company –

Thomas Firbank moves hundreds of first-time buyers and bargain hunters every year.  We understand how difficult it can be to organise everything while keeping under a stringent budget. Our team are always on hand to provide helpful advice. 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’s ethos is 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 understand why we’re Bath’s favourite removals company.

At Thomas Firbank, we know that saving for your first home can be strenuous. 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.

If you’re looking for affordable property and need some advice, please feel free to contact us today. We’ll assess your requirements and provide any useful information, as well as discussing our range of services.