Are you ready to move from being a renter to first time buyer?
Being a first time buyer can be a big step, but it is one that most people will undertake at some stage in their life.
The question is; when do you know that you're ready to buy your first residential property?
One of the first things to do is think about your home deposit. Various lenders will require a minimum percentage of the purchase price as a deposit, so you will need to talk to your bank or mortgage broker to get pre-approval for a loan.
Another thing to think about is your support systems. This is definitely a time to ask for help from your friends and family, banker and real estate agent, all of whom will be happy to offer advice in regards to good investments and difficult decisions.
Now is a great time to make a lot of lists. Think about what you absolutely require from your new home and stick to it. With patience, time and the right help, you'll be able to find a property that ticks all the boxes. Compromising on your first home might lead to disappointment further down the track.