As a first time buyer, naturally there are going to be various thoughts going through your head. Finding your dream property at the right price in the perfect area can seem difficult but instead of stressing too much, this is a time to enjoy. After all, you’re only a first time buyer once.

Believe it or not but buying a property is not down to luck and instead requires a clear vision and lots of research. Before you begin, you need to know what you want to achieve. This isn’t to say that you should know the exact house that you want – but you should know a few areas, whether you’re looking for a flat or house and whether you want room to expand or just see this as a starting base.

Budgeting is also hugely important and you need to have a realistic plan to be able to pay off your mortgage. Before deciding on a specific mortgage, shop around and ensure that you find the best one for you. We all dream of the bigger house but you'll soon regret not looking at your finances when you've viewed 20 houses and then realise you can't afford any. Using a mortgage calculator will help you to determine how much you can pay monthly on a house. It is also crucial not to overlook your credit rating, as this is a major factor when it comes to your mortgage application.

It is a good idea to take a look at both old and new houses to decipher what you prefer. Consider whether you want a house to renovate and if so remember that you will have to consider extra costs in with your budget. Ultimately, the more you need to do, the less you will have to spend on the initial purchase. You also need to think about removal companies and new furniture, as well as mortgage fees, legal fees and stamp duty. Budgeting correctly will only help you in the long run.

Buying a house is one the biggest and most important purchases you will ever make so it is very easy to get over excited. The property ladder is a journey rather than a destination so it is important to understand that you probably won’t be able to buy your dream house straight away.

Choosing the correct agent is also crucial to the process. You need to find someone that you trust and ultimately like as you could be spending a lot of time with them. Make sure that you feel confident in their ability and also feel confident in their company. You’ll later regret not asking those important questions.

Buying a property is a very exciting yet daunting process but be realistic and remember that once you have your foot on the ladder, you’ll be well on your way to your dream home. If you have any questions, then get in touch today.