How To Do Your Research Before Buying a New Home

Are you looking to buy a home, but have become completely overwhelmed by all the advice and media coverage out there? If you are a first-time buyer the process of buying a new home can be a confusing one, and if you don’t have the right guidance you are at serious risk of giving up and looking for a nice cave to dwell in. Luckily for you it just takes a few simple steps to push through all the real estate madness before you are on your way to finding the perfect home for you.



The first thing you need to do when buying your own home is figure out your budget. For those who have a number already in mind, that’s great, but if you have no idea what you are doing that is totally fine too. If you aren’t sure what you can afford or how much you realistically need to spend to get the home you want, book a chat with us to sort that out. We can help you find your exact budget and assist with home loans so that you can get all your info in one place without losing any of your hair.


Your next step is to choose where you want to live. Once you have your budget, that will give you an indication of where you can afford to buy, allowing you to choose the suburb before you choose the home. You may be tempted to just search all of Melbourne for your perfect property regardless of area, but this is an exhausting and ineffective way to do things. Do as much research as you can into the type of neighbourhood you want to live in and make a list of ‘must-haves’. When you have a spot in mind, do some snooping by chatting to the locals. Once you have done all this legwork you’ll feel confident searching for a home in your ideal area, knowing that you’ll end up with more than just a home to live in but also a community you can thrive in.


The next step is to chat to an expert. You simply can’t do all the research alone, and why would you want to? There are people who know exactly what they are doing and can tell you every trick of the trade, so take advantage of those resources. With an expert by your side you can inspect homes with a trained eye, learn any insider goss about the local neighbourhood, get information about potential issues with the house that you may not have picked up, and feel confident that you are following all the rules and not missing any steps. We recommend teaming up with MK Realty to search for your home or property if you are looking in Melbourne. They will take the weight of the process off your back so that you can focus more on the important things and leave the details to them. And if you are looking for financial advice MK Realty can put you in touch with their trusted team of financial advisers from OPM Financial Solutions.