Taking the leap into homeownership for the first time is exciting – but let’s be honest, it can also feel overwhelming. Between navigating banks, budgets, agents and inspections, it’s no surprise that many first-time buyers feel unsure about where to begin.
This guide is for you if you’re considering buying your first home but want a clear, human perspective without the jargon and pressure. At Changing Places, we believe in empowering you with honest, down-to-earth advice, so your first step onto the property ladder feels like the start of something wonderful.
Start with What You Can Afford – All of It
Before you even begin browsing homes, take a close look at what you can comfortably afford. This isn’t just about what a bank might approve you for, it’s about understanding the full picture. Aside from the purchase price, there are transfer duties, bond registration fees, municipal rates and taxes, possible levies, insurance, and of course, moving costs.
Getting pre-approved for a bond is a great first step as it gives you a clearer idea of your realistic budget and helps narrow your search from the get-go.
Be Honest About Your Must-Haves
It’s easy to get swept up in the dream. But take a moment to list what you truly need in your first home. Think about bedroom count, whether pets are allowed, space for a home office and how close you want to be to work, schools or family.
Also ask yourself: is this a home for right now or for a few years down the line? Buying with a bit of future thinking can save you money and stress later.
Get to Know the Area Like a Local
Don’t just research a suburb online – experience it. Visit at different times of the day, walk around, chat to residents. A neighbourhood can feel very different on a Sunday morning than it does on a weekday evening.
Check local crime stats, amenities and upcoming development plans. And of course, we’re always happy to share what we know. After all, we’ve walked these streets ourselves.
Understand the Steps Before You Jump In
Buying property isn’t just about finding the right house, it’s a legal and financial process with a lot of moving parts. Learn about the full journey: from making an offer, applying for a bond, all the way through to transfer and registration.
It helps to have professionals by your side: a knowledgeable estate agent, a reliable conveyancer and a bond originator who can shop around for the best mortgage deal.
Inspect the Property with Clear Eyes
When emotions run high, it’s easy to overlook that patch of damp or hairline crack. Always take time to inspect the property properly. Sellers are now required to complete a Mandatory Disclosure form, which outlines any known defects. But that doesn’t replace your own thorough look, or even a professional inspection if you’re unsure.
Take a Breath – Patience Is Your Ally
Sometimes the first home you fall in love with isn’t the one you end up buying and that’s okay. Don’t let urgency or excitement rush your decision. The right home will come, and when it does, you’ll know.
Let’s Chat About Your Journey
Buying your first home doesn’t have to feel like a maze. If you’re unsure where to begin or just want someone to talk things through with, we’re here. At Changing Places, we’ll guide you step by step without pressure, and with your best interests at heart.
Feel free to reach out. Your perfect first home might be closer than you think.
