Making the decision to buy your first home is a big one. After all, for most people, this will be the single biggest transaction of their life so far, and moving into your first home is a very exciting transition.
It can be difficult to determine whether you’re ready to buy. The decision comes down to a lot of factors: savings, credit scores, your personal financial journey, what grants you can qualify for, where you want to buy, what you want to buy…you get the idea. All of the different aspects that you might have to consider can seem overwhelming — after all, this is your first home! You’ve never had to do anything like this before in your life.
Luckily, we’ve devised a handy little quiz to help you figure out if you’re ready to buy. It’s not the be-all, end-all of determining your readiness, but it will help you get a surface level idea of where you are in the buying process.
If you know you’re ready to buy but haven’t chosen a property yet, start searching here at PropertMash.com. We’ve got the most comprehensive overview on new and off-the-plan projects in QLD, NSW and the ACT. If you still can’t decide, get into contact with one of our suburb experts. They’ll be able to point you in the right direction.
Ready to buy and already know what you want? Chat to one of our suburb experts today to get the buying process started.
They’ll help take the guesswork out of the paperwork, and help you get your new house keys faster. The best part? It’s free!
Not quite ready to buy yet? Head on over to our new First Home Buyer section where we’ve collated everything you could ever need to know about buying your first home. From saving for your deposit to transforming your first home into an investment property down the line, we’ve got you covered.
As always, please consult your financial advisor before you make any decisions.