REDUCE THE PRESSURE OF HOUSE BUYING

A survey commissioned by estatesdirect.com highlighted that house buying was one of the most stressful things you can do in life; above that of getting a divorce, having a new baby, being made redundant or planning a wedding.

Whether you are a first-time buyer already feeling the pressure building or are haunted by a previous experience, this article explains why anxiety is caused, explores whether a new build property could be an easier pathway and shares some of our top stress-busting tips.

WHY IS HOUSE BUYING SO STRESSFUL?

I bet we all wish house buying was as simple as popping to the shops.

The reason for your move is perhaps space or a change of location, but whatever is driving you to make a change, you know you want to move. You’ve likely got a picture in your mind of an ideal home, but whether it is trawling the internet daily trying to find it or trying to unravel the documentation involved it all seems so complicated. Your head hurts even thinking about it.

You’ve probably even wished that you could just pay someone to take care of the whole darn thing, including the move. Allowing you to turn up a few days later opening the door to a glass of champagne with all your belongings nicely in place around you.

SO WHAT IS IT THAT GETS OUR BLOOD PRESSURE RISING?

Bamboozling documentation

No matter how much solicitors say they will talk you through it, the legal jargon still seems overwhelming.

The amount of money at stake

Buying property is likely to be the most expensive purchase you’ll make in your lifetime. The stress created by our fear of making the wrong decision and then having to live with the consequences.

Disagreement over properties

When you fall in love with a property it is easy to become defensive when your partner or family member starts to poke holes in it. The damage that requires immediate attention or a smaller than average garden; one of you may be happy to compromise and deal with the situation whereas the other will see it as a red flag and shut it down as an option, leading to potential resentment.

Communication

Our busy lives are already filled with emails and phone calls, but when buying a home this is taken to a whole new level. The juggling of information between parties and the filing in of documentation on top of our typical working day is just exhausting.

Duplicating information between partners

When the ball starts rolling there can be many threads of communication; making it easy to become confused and lose track of who is dealing with what. Arguments can easily be started as gaps start to emerge in communication.

Unreasonable sellers

Disagreement over moving in dates and fixtures & fittings are the two key things that tend to get people hot under the collar.

The waiting time

At times it can seem agonizing. You just want to move things forward and know where you stand; rip the plaster off as such. However, with home buying, there are long lag times for home reports, mortgage reviews and offer acceptances which seem to leave you scared to draw breath for days, sometimes weeks!

Forgetting to budget for additional costs

When buying property it is not just the price that is involved. Finding your dream house and then realizing that costs such as; stamp duty, professional fees; re-decorating and removal charges leave you out-stretched can be heartbreaking.

The distraction from everyday life

Just because you are making one of the biggest decisions of your life doesn’t mean that you get to put everything else on pause. When planning to move it can be frustrating to miss out on precious time with your kids, friends or even just downtime for yourself; it can feel all-encompassing.

The stress of worry over the chain breaking

You’ve found your dream house, the offer has been accepted. You’ve even found. However, it all feels like it is held together by a thread, easily snatched away by someone else just simply changing their mind. As if they hold the key to your future happiness.

Trusting 3rd parties to carry out their role competently.

Whether it is the mortgage advisor, solicitor or surveyor you have to put your trust in the information provided to you by these qualified people. It can feel exposed, and out of your control at times, especially if you start to lose confidence in their actions.

WHY A NEW BUILD HOME COULD BE LESS STRESSFUL TO BUY.

“Difficult roads often lead to beautiful destinations”

What this quote chooses to omit is that you might not make it due to exhaustion, stress and money problems.

While many inspirational quotes encourage us to seize at the challenge so that we can reap the benefits, we need to remember what is important.

When buying a home, it is a lifestyle that we long for rather than the particular bricks and mortar. So while you might like the romantic idea of renovating an old farmhouse for your family, it might not provide you with the lifestyle you had hoped while you go through the years of complex construction work.

Each of us has a limit to our mental capacity and with many of us already at full tilt due to work and family commitments, it is easy to see why many people prefer to take the simpler route to homeownership by opting for a brand new home.

 

Blog Source: FOTHERINGHAM HOMES | HOUSE BUYING STRESS: REDUCE THE PRESSURE WITH OUR STRESS-BUSTING TIPS

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