For couples who are buying their first home together, it can be a truly beautiful and memorable experience. It marks a very important chapter in your lives and is the beginning of something special. However, not every couple makes it through the process in one piece! Don’t let this alarm you or put you off. You’ll know deep down if your partner is the one. That said, there are a few tips that can be really helpful when going through the first time home buying experience with that special someone…If you’d like to make it through in one piece, here’s everything you need to know.
1. Be clear and honest about where you are starting
Before you make any life-long commitments, you must fully understand what their goals, values, and plans for the future are. There’s no good rushing into buying a property together if you’ve never discussed the prospect of starting a family. What if you rush in and then soon discover that your partner has no intention of having children?
Not only that, but it helps to understand their history. You’ll both need to look at the following:
- Existing debts
- Current and future income
- Credit reports
- Residential and work history
- Trusts and child support (if applicable).
When both parties are completely honest and on the same page, you’ve got a strong foundation upon which to build.
2. Communicate often
Once you are on the same page you must keep the discussion going and figure out what you both want and need from a first property. Discuss ‘must haves’ and any potential deal breakers. Once you have a list of what you both expect, you can come together, compromise, and find the perfect property that suits you both.
3. Work out your budget
It should go without saying, but before you start shopping around for property you need to know what you can afford – and where the money is coming from.
4. Think carefully about the future
This goes back to the original point of being clear and honest about where you are starting from; where do you want to end up? You must think carefully about the future and ensure that you are making a decision that services you both.
5. Go with your gut
When buying a first time property you are likely going to have to make some sacrifices, but that shouldn’t mean that you have to buy something that doesn’t resonate well with you. If you really have to be talked into buying a particular property, then perhaps it isn’t quite for you.
Is this really the area you want to live in? For example: there may be more options for properties in Pattaya, but if you wanted to live a little further rout, search for houses for sale in Rayong and stick with your initial desires.
It’s all about finding the right balance, but primarily, making sure that the balance is in favour of your original wants and needs. You can make sacrifices yes, but don’t go against your original plan entirely on a whim. Take your time!
You’ll be ok!
Don’t worry, everything is going to be OK. The first time home buying experience can be stressful yes, but it doesn’t mean that every relationship ends in divorce! The fact is, all of these big decisions in life put strain on couples and that is a natural part of the process. What is important is that you stick together, communicate, listen to one another’s needs, and make the decision together.
