prowest 
The new year is often a popular time to look for a new home, and with low interest rates and favourable buying
conditions, there’s probably no better time to look at making your property dreams a reality.
Looking for a first home?
If you’re looking at getting your foot on the property ladder then the best thing you can do is to get on top of your
savings.
Spend some time doing up a good budget and make sure you can stick to it. Try to cut back in some areas to help get
ahead on your savings.
Setting up good savings habits will have you on your way to a healthy home deposit sooner, and will show to lenders
your ability to make repayments.
If you already have a deposit at the ready then you may want to start talking to lenders and mortgage brokers to get
an idea of how much you can borrow so you can start on your property hunt.
Looking for your next home?
If you already own a home then buying a new property is a little more complicated because you will also need to either
rent out or sell the property you already have.
It may be a good idea to call up local real estate agents for a property appraisal to can get an idea of the value of your
home if you were to sell. This can help inform you of how much you would have to spend if you purchased another
property, and you will also be able to get tips on how to go about increasing your current property’s value.
Looking to invest?
If it’s an investment property you’re looking to purchase then you’ll want to start by doing as much research as you
can. You’ll want to become very familiar with the area you hope to buy in so you can spot a bargain when you see one
and figure out if there is anyway you can add value to the property.
When it comes to investing there are a lot of different strategies that can work, but capital gains is normally the
goal. Be mindful of balancing the best property you can afford with financial stability. You will probably need to hold
the property for some time to get decent gains so you want to have decent cash flow while you do.
