Recently, Kerri Morgan, Letting Assistant and Receptionist at Clyde Property Stirling had some very exciting news: she and her boyfriend got engaged and started looking together for their first home. We wanted to ask the couple a few questions about their first time home buying journey and hopefully their experience will help others in similar circumstances.
Q. In your opinion, what are the most important things to focus on when buying your first home?
Kerri: The most important thing when buying our first home was to find the right one for us really. We were looking for a place in a good location, that is going to be easy to maintain as we both have busy lifestyles. We also wanted something that was close to local amenities, easy to commute to Glasgow and Edinburgh and that we could potentially adapt in the future as our needs change.
Q. What do you think are the biggest challenges in buying your first home nowadays?
Kerri: One of the biggest challenges for us was trying to decide what scheme, if any, would be most suitable for us. There are so many options available to a first time buyer now with things like help to buy and the LIFT scheme which can be quite overwhelming. We did our research online and spoke to a financial advisor who was able to clarify any queries we had. Other challenges first time buyers are facing is how competitive the market is with the demand for 2/3 bedroom properties at the lower end of the market outweighing the supply.
Q. What would you say is the most exciting thing about buying a home? How about the most stressful?
Kerri: For us, the most exciting thing would have to be shopping for furniture and things to decorate our house to make it ours, thinking of our new life together in our first home.
The most stressful thing on the other hand was when we had complications with our mortgage offer. Our mortgage was agreed in principle but then expired so we had to go through the whole process again. Also, we bought a new build house so we also had some delays with the builder which meant our date of entry was pushed back and all our furniture and belongings had to go into storage for a while – which caused us a bit of stress as well.
Q. What is your advice for other people who are thinking of buying a home in Scotland for the first time?
Kerri: The best advice I can offer is to be patient and do your research. It can be really confusing and there will be lots of information, some of which you may not understand, therefore it is important that you have a good relationship with your estate agent, solicitor and financial advisor so you feel comfortable asking questions and having them clarify things for you. Also enjoy the experience, you will only buy your first home once so try to make the best of it!
If you are buying for the first time and would like to chat to our friendly team, just contact your local Clyde Property branch today!