When it comes to finding your ‘dream home’, you may have a long list of needs and wants, but there’s another consideration, too – the budget. Whether you’re a first-time buyer or you’re taking another step up the property ladder, you will need to make every decision towards your new home count, or else you could risk blowing your budget unnecessarily.
To help you get the best out of your London property purchase, we’ve outlined a list of ways to maximise your budget and secure the home you’ve always wanted.
Be flexible
Although there are certain preferences and requirements that you should not compromise on for your dream home, you can still allow yourself some leeway for other options. For example, if you’re insistent on a specific location, you may find yourself limited to space and choice, and you might be able to get more for your money if you extend your search. It’s also important to note that one of the many benefits of buying a house is that you will be able to make changes to its design, so try not to let minor aesthetic choices put you off buying a home with heaps of potential!
Consider your commute
London residents have the luxury of excellent travel links, which is why your commute to work will come into play when house hunting in the capital. If you work full-time in the office, you could save money annually by choosing a location closer to your workplace to shorten your commute. However, if you’re a hybrid or remote worker, you may want to reconsider paying a premium for close transport links that you won’t be using very often.
Search smart
It can be tempting to browse through properties that are well over budget, but if you’re intent on finding a new home soon, this will slow down your search and can even lower your morale. By using our property search tool, you can set a minimum and maximum price range to narrow down your results until that perfect home is in sight!
Set up as many viewings as possible
When finding a home in London, it is essential to keep your options open and attend viewings even for homes that may not seem to be exactly to your taste. Taking an open approach to your search will save you from making rash decisions that you might come to regret later, and you’re less likely to end up over-stretching the budget.
Stay vigilant
Things move fast in London, and viewing slots get booked up extremely quickly. Keep an eye out for new properties arriving on the market, as you may need to act quickly if you see a suitable property that is within your budget.
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