How do you feel when you buy your first home?

Whether you are an investor or a first home buyer, here’s five emotions you are likely to feel during your foray into property ownership.

• FEAR. It’s the what-ifs that are the biggest killer.
• EXCITEMENT.
• DREAD.
• CONFUSION.
• PRIDE.

What should a first-time home buyer look for?

Here’s our checklist of things to look out for when you are buying and viewing a property.

• Is there damp?
• Is the building structurally sound?
• How much storage space is there?
• Which way does the house face?
• Are the rooms big enough for your needs?
• Have you been fooled by staging?
• Do the window frames have cracking paint?

How much money should you save to buy a house?

If you’re getting a mortgage, a smart way to buy a house is to save up at least 25\% of its sale price in cash to cover a down payment, closing costs and moving fees. So if you buy a home for $250,000, you might pay more than $60,000 to cover all of the different buying expenses.

What are the first things to do when you buy a house?

Here are some of the first things to do when you buy a new home. 1. Secure your home One of the first things to do when you buy a house is to change the locks and garage codes. Lior Rachmany, CEO and founder of Dumbo Moving and Storage in Brooklyn, New York, recommends taking care of these security-related tasks before you move in.

How can I make my house look like a home?

One of the easiest and most cost-effective ways to make a house your home is to give the interior a fresh coat of paint. The best part: No one can dictate your color palette or timeline; it’s all on your terms.

What happens if the house you want to buy has problems?

If you discover the home you want to buy has undisclosed problems, the options you have will depend on where you’re located. If you haven’t finished signing all of the closing documents and transferring the title yet, you don’t officially own the house — you’re still under contract.

Are You too complacent when you buy a new home?

Don’t get too complacent, though. Moving into a new home means you’ll need to take some immediate action to make sure you’ll be a successful homeowner now and in the years to come. Here are some of the first things to do when you buy a new home.