|
 |
| |
 Step 1 – Consider the Benefits and Financial Implications of Owning a House
- The advantages and disadvantages of buying a house
- - The financial implications of buying a house
Step 2 – Calculate The Deposit and Transaction Costs
- How much deposit do I need?
- How can I obtain the deposit needed?
- What major transaction costs do I have to pay?
Step 3 – Determine Your Buying Power
- What can I afford to buy: apartment/terrace/detached house?
Step 4 – Establish your Goals and Needs
- What type of propert do I want?
- What features do I want?
- What is my preferred location?
Step 5 – Arrange for Provisional Finance
- Sources of finance
- Cost of finance
- Type of loans
Step 6 – Find the Right House
- Through Real Estate Agents
- Through newspaper classifieds
- Other ways of locating the right house
Step 7 – Analyse the House’s Location
- General location
- Specific location
- The physical aspects of the actual house
- Financial analysis
Step 8 – Purchase the Property
- Pre-contract stage
- Contract stage
- Post-contract stage
|
|
|
|
