4 things to consider before buying your first home

The idea of owning your own home can be exciting as well as daunting especially if it’s your first home. Buying a property will be one of the biggest investments you will make in your life, so it’s important that you are prepared for the property market before making a long-term commitment.

To help you get ready for the property market, we have pulled together 4 things you should consider before buying your first home.


Before putting down an offer on that dream property you have seen, look at your finances. Consider your job income and what your monthly payments would look like if you owned that home. If you need help working out what you can afford, speak to a mortgage advisor who will give you an idea of the price range you should be looking at.


You might have had your heart set on buying your own home but it’s worth considering renting a property as a potential option. If you’re on a tight budget or looking to save money before purchasing a property, then renting might be the best solution for you.


If you’re looking for guidance finding the right property, you might want to consider working with a property specialist who can provide advice and guidance on the local market and see what properties are available and would meet your requirements. By doing so, you don’t have to put in the leg work, plus no one knows the property market better than they do.


If you’re on a moderate income and worried that you might not be able to afford your own home, it might be worth considering one of the Scottish Government’s affordable housing schemes. The Scottish Government help individuals purchase new build homes by paying a percentage share of the total house value. Your dream of owning your own home could become a reality!

If you’re a first-time buyer on a low to moderate income and need help finding a home, please contact sales@highlandresidential.co.uk  or call 01463 701271 to speak to a member of our Sales & Lettings team.