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Buying a home for your family

There are lots of things to consider when buying a home but there is even more to bear in mind when you have little ones to think about. Not only will you have to consider schools, colleges and catchment areas, you have to think about ensuring everyone has enough space while still sticking to your budget.

New construction homes are an option for larger families, as they can typically be designed to include more bedrooms and bathrooms. They are also usually more energy efficient, which helps to reduce utility costs. However, brand-new construction homes often come with a higher price tag, so you will need to make sure that your budget allows for them. When you have an extended family, you may want to work with a home builder like Lambie Homes ( to buy a home suitable for your requirements. Additionally, these new homes are often built in desirable neighborhoods, and they come with warranties that cover any problems that may arise within the first few years. This means that you can purchase a newly built home with the confidence that it will be a worthwhile investment for your family.

As a first-time home buyer, it can be overwhelming when trying to buy a home for your family. Knowing what your needs are, where to look for the best deals, and understanding the home-buying process can help you make an informed decision and find the best home for you and your family. Furthermore, you can also read a guide for first time home buyer nova scotia (or wherever you are interested in purchasing a home) to learn more about the process. It would be worthwhile to research the various assistance programs available in your country when you purchase your first home. Some of them are listed below.

Government Schemes

One of the best ways you can get you and your family on the property ladder is by tapping into a government scheme specifically designed to meet your needs. There are plenty of ways to do this and with 2021 being the best time for first-time buyers to get themselves on the first rung, you’re best acting sooner rather than later.

Help to Buy

Help to Buy allows you to put down a 5% deposit while taking on a 20% equity loan that holds 0% interest for the first 5 years. This means you won’t have to apply for such a big mortgage and you are more likely to be accepted by the mortgage broker. The 5% deposit also helps to cut down those initial fees especially given the fact you’ve probably been paying rent for quite some time. Help to buy homes are available across the UK from bigger family properties to apartments in city centres. And if you’re looking to get on the property ladder in London there’s an even better deal. In London this equity loan is increased to 40% meaning your mortgage will only come to 55%. This can be a big help if you’re looking to avoid the hefty price that comes with moving to London. Help to Buy is definitely worth looking into especially if you want to get on the property ladder sooner rather than later!

Shared Ownership

It’s not easy to keep up with saving especially if you have dance lessons, new uniforms and maths tutoring to pay for every month so this is where Shared Ownership comes in. This scheme allows you to buy a share of a property, often between 10% and 75% and rent the rest. The rent you pay is to a housing association which are non-profit organisations so you can rest-assure your rental costs will be less than that from a private landlord in the same area for the same size house. You can also staircase, meaning you are able to buy more of the property overtime which is ideal if you have trouble getting a mortgage for a large sum but you still plan to be there a long time or even just as the kids grow up. You essentially buy more shares in your home overtime, increasing the share that you own. Shared Ownership is especially great for families with big 3 & 4 bedroom houses available in rural villages with shared ownership homes in Derbyshire or London boroughs like shared ownership homes Bedfordshire with plenty of green space to let the kids run wild as well as a great choice of schools and quick transport connections.

So wherever you may be looking to relocate with your family, make sure you take advantage of the deals available to you, especially if you’re a first time home buyer.

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