Buying a house, even if not the first, is a huge step forward in your life. And if you are not careful, it could make you take three back. Depending on what you want and how much money you have, you will have to look into compromises and finding a silver lining in a deal you might not like at first as well. Exploring the market and making sure that you understand what the current situation with houses is will be helpful, but it will not guarantee you will avoid making a rookie mistake. In order to avoid ending up with a house you will regret, double check your every decision.
Even though it is good to trust your gut feeling from time to time, it will be best to leave it and emotions out of the decision making, as they could influence you to buy a bad house. Purchasing a dream house is never going to be exactly from your dreams, and you need to be aware of that. But, you will be buying a home that you can make it into paradise with a bit of work and time on your hand. Your emotions can be misleading as the first impression could shy you away from a house which could end up to be perfect, which is why you need to keep them in check.
You cannot and should not tackle the property market alone, unless you work as a realtor. It is a good idea to hire an agency to guide you through the process and find a good deal you will like. Property buying in Sydney can be a tedious and long process, but if you have someone to help you out, it will be a cinch and you will end up a house you will love. Bear in mind that agencies are not miracle workers, and when negotiating you cannot hope to cut the original price in half.
Everyone would like a big house to live in, especially if you have a family. However, it is not always the best choice, as you will have many extra costs you will have to deal with, and as time goes on, it will be more difficult to maintain. Bigger is not always necessarily better, and when choosing between houses, make sure you take into account how much you can afford to spend on it, and how much it will cost in the future as well. After all, your home should feel comfortable and cosy, not vast and empty.
Depending on what kind of house you want next, you will have to search the market and see if there is anything you like. Staying within your desired budget is crucial, otherwise you might have to go into crippling debt, which could be devastating. Avoid making your decisions based on emotions, as you might shove aside a good deal. Be sure to analyse and inspect each house so that you do not end up with a disaster waiting to happen. Take your time, because there is no right time in the market when you should buy a house, it can only lead to a hurried and often bad decision.