Where Am I Going?

Where Am I Going?

By Dominic Hefferan on Apr 23 2018


There comes a time in everyone's life when they start to wonder whether they want to keep renting, or if they're ready to commit to buying a house. There's no doubt, it's a big commitment, but if you're feeling a little lost, there are some simple questions you can ask yourself to get your bearings.

Can I Afford the Deposit?
 
This is often the biggest hurdle first home buyers have to face. Usually between 10-20% of a property's total price, it can be very hard to save this up on your own. Some buyers take a loan from parents, and there are some loan options which don't require a deposit, however you should take a good look at your finances before committing to anything.
 
 
Am I Happy Renting?
 
Though there are a lot benefits to owning your own property (more control over your home, the potential for future returns, etc.), if you're happy with where you're renting, it may be better for you to stay where you are while you get into a better financial position. At the end of the day, you want to be happy with where you are, and you don't want to rush into something you'll regret.
 
 
Where Do I Want to Be?
 
Though there are exceptions, in general most areas tend to be either rental suburbs or owner/occupier suburbs, usually due to local amenities, accessibility, and the lifestyle options on offer. If you find yourself thinking about schools and shops, you're probably ready to start owning your own home, but if you're more interested in easy access to the city or your job, you'll most likely be happier renting.
 
 
Whether you want to rent or buy, at LJ Hooker Sunnybank Hills we have a wide range of rental and residential properties on offer, and you can always talk to us for a free inspection of any home that catches your eye, so call us today!
 

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