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Talha Feroze

Buying tips for Young Homeowners

Reported by Talha Feroze | November 8th, 2021 @ 05:24 PM

Young homeowners are generally first-time home buyers. Isn’t it exciting and overwhelming?  And the real estate trends may tempt House for sale in Islamabad to make an impulsive purchase. Wait! Do not hurt your financial goals. When it comes to your hard-earned money, doing things the right way is actually worth it. 

A lot of young homeowners do not know where to start. Here is a quick guide for you: 


Have you Saved enough money? 

Buying a home is not like buying apparel or shoes, have you saved enough money? Always remember! Make the downpayment from your savings to have a peaceful life. 

The second thing to consider is your ability to make the monthly payment. If you have obtained a loan, it may not include the property tax in with the mortgage, it may not include homeowners, and it may have both of those  If your mortgage payment doesn't include those items be prepared to pay them out of pocket, probably on a quarterly or annual basis.  


Determine your Needs and Budget? 

Do run numbers and plan a conservative house budget. Have you always wanted to go back to school and get your master’s degree? You won’t be likely to if you are strapped to a desk fifty hours a week in order to pay a fat mortgage.

Take a look at monthly income and quality of life.  Once you figure out the things you can and can't live without (eating out often, vacations, etc) you'll have a good idea of what sort of payment you can handle.


Find the Home for Sale

Once you are done with the budget, it is the right time to find the house for sale that fits your must-haves and budget. Know that there are a lot of details involved in the transaction, and you won’t have the time to learn and second guess everything. Start looking for the homes sitting in the comfort of your home. The property portals have made everything very easy. One example is Gharbaar where you will not only find house for sale in Islamabad but every other pertinent information and a complete guide to ease the process. 


Role of Realtor 

Young buyers think it’s all about rates and costs when in fact, it’s also all of the pitfalls that an experienced lender can help you avoid and you’ll never know it. Like a good pilot that ferried you across the sky, you enjoyed the cocktail and never knew about the turbulence that he or she avoided by correcting the flight path. Find a good Realtor that you can trust to guide you through the negotiations. Find a good lender who has the experience and knowledge to guide you through the financing. 


Examine Dimensions of the house 

Potential buyers usually look for a rectangular house or plot. The reason is other shaped plots do not offer much space and buyers look for ample place in front and back yards. Space on the sides of the house provides a buffer from the neighbors which is also an additional point in increasing the resale value of the house.  


Evaluating interior 

If you have enough finances then purchase a home with 3 to 4 bedrooms. This is the ideal size for a house. If there are three bedrooms then two bathrooms are must and if the house is of four bedrooms then 3 bathrooms are a must.  



Also, evaluate the storage of the house. Not every home has a storeroom so it is better to look up for spacious wardrobes in the rooms to accommodate majority of your belongings. Similarly, kitchen cannot be ignored regarding space. There must be ample space to store groceries and other belongings of the kitchen.


If you are struggling in selling or buying a house with maximum resale value then you can contact any trustworthy real estate or visit ant real estate website like Gharbaar. This website can provide you credible sources for buying Flat for sale in Islamabad and selling the house.

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