Purchasing your first home is a huge accomplishment for many. While it is an exciting task, it can sometimes become an overwhelming process especially when you don’t know where to start.

We have put together three important must-do activities to do before starting your home buying journey.

1. Do you research.

There are a few factors to consider before your purchase. Asking yourself why you want to purchase and if you’re in a stable financial position are a few questions to answer. If you’re confident enough, start making a list of points you need to investigate. Research the developer and make sure they have a reputable track-record, find out what areas you’d like to live in and the price-range you can afford. Purchasing off-plan is the latest way in which many first-time buyers secure their homes at a great rate within desirable locations.

2. Start saving.

In many home buying instances, you are required to put down a deposit to secure your spot, often refundable if your bond is not approved. There can be other cost factors involved like transfer and conveyancer fees, so keep in mind that you will be required to pay these fees. When purchasing off-plan property like Ridge Town Central, you will only start paying towards your bond once you take transfer – giving you more time to save.

3. Keep a good credit score and start a budget.

Checking your credit score is one of the easiest ways to verify your financial standing with banks and other lenders. Once you have identified your future home, you will need to approach a lender for funding in the form of a bond. You may not qualify for a full bond depending on your financial health, so before purchasing, ensure that you seek out advice on how to build up your credit score and maintain good rankings. Following your application and approval, you will learn of your repayments for the years to come, create a budget and factor in this cost to see if you’re able to maintain this based on your salary.

Purchasing your home at Ridge Town Central is an exciting time, Get yourself organised to make your dream a reality. It is achievable, but don’t forget to build a good foundation for a successful and seamless property purchasing journey.