The Ultimate Tips for first time home buyers in Uganda
Wondering what to expect when you’re buying your first home in Uganda? You’re not alone – buying a home can be scary, especially if you’ve never done it before. If you’re looking to buy your first home in Uganda, there are certain things that you should know before you put in an offer on that dream house. Our experienced home-buying team has compiled some useful tips for first-time home buyers and we’re excited to share them with you! Just keep reading...
Consider the neighborhood
This might sound like a no-brainer, but one of your primary considerations should be where you’ll actually be living. Do you want to live in around the city or in a more suburban area? A rural or urban setting? Will you need access to the Main Road, and if so, is it safe? Consider these questions carefully as they will guide which neighborhoods make sense for you. Also, ask yourself how important renovations are to you—and how much money you’re willing to spend on them. After all, buying a home isn’t just about finding a nice place to live: It’s also about creating a space that meets your needs and reflects who you are. Your real estate agent can help narrow down your options based on factors such as land title tenure, number of bedrooms and bathrooms, land size, parking availability, proximity to schools and shopping centers, etc. They may even be able to provide recommendations based on similar clients they have worked with in the past.
Work with a real estate agency
It’s not just about finding a place that fits your budget, it’s also about finding a good fit for you. A real state agency can help you find an ideal location and even negotiate with sellers to get you a great deal. They are experts in their field, which means they know exactly what to look out for when buying property in your area. Real estate agents aren’t legally required, but there are plenty of reasons why working with one is a smart decision. For example, if you have any issues during or after buying—which is entirely possible—you don’t want to be left alone to figure them out. Having someone on your side who knows all of these details can save you from lots of headaches down the road.
Prioritize everything that's important to you
The decision to buy a house is a huge one. You’re making a purchase that could cost you millions of shillings, and it will have an impact on you and your family that lasts decades. Because of that, when you're looking at properties, it’s important to prioritize everything that's important to you—and then focus on what matters most. Is commuting an hour each way going to be worth it? Will your budget allow for upgrades or repairs down the line? Do you need a compound big enough for kids to play in? These are all questions you should ask yourself before buying your first home.
Try not to choose an area where you will have regrets in the future
Buying your first house is a big milestone. While some might see buying a home as an important financial decision, others may see it as a lifestyle choice. Either way, it’s a lot of responsibility, and you want to make sure you choose wisely. You don’t want to spend too much money or get stuck in an area where you are unhappy for years to come.
Be aware of the length of your commute
Commuting is a pain, but it’s something you have to put up with if you live in your dream neighborhood. The closer your house is to work, the shorter your commute will be. But just because you are buying a house closer to work doesn’t mean that it has to cost more than a comparable house in another neighborhood. In fact, some of the best deals on homes can be found in neighborhoods where people hate their commutes. If you know how long your commute will take and how much it costs (in both time and money), then you can start to calculate whether or not buying closer to work makes sense financially.
Know what's included in your purchase price
Do you know what your purchase price includes? Most people think of a house purchase as having one main cost: pay for the house, sign papers and boom house is yours. But there are many other fees that are included in buying a home. Make sure you're aware of what all of these costs will be to avoid surprises after you've made an offer on a property. Here's a quick breakdown of what is typically included in your purchase price: Down Payment, inspection fee, Local council fees
There you are, may the above help you in making an informed decision before buying your first home.
For a hassle-free home buying transaction trust Walisa property Agency to help you find your first home. Visit our website here to find more than 1000 homes with their land titles ready.