Buying your first home is one of life’s biggest milestones. It’s exciting, emotional, and full of new decisions — but it’s also easy to make a few costly missteps along the way.
If you’re looking to buy your first home in Thetford or Breckland, here are some common mistakes to avoid.
Not doing your sums
Many first-time buyers start house hunting without having a clear idea of what they can actually afford.
This can lead to wasted time viewing properties that are either unrealistic or well below your price range. Before you start scrolling Rightmove, take time to calculate your full budget — and include extra costs such as stamp duty, solicitor fees, surveys, and removals.
With recent changes to mortgage lending and interest rates, it’s worth checking in with a mortgage advisor. You might be able to borrow more than you think.
Skipping the mortgage in principle
Turning up to viewings without a mortgage in principle (sometimes called an agreement in principle) can put you on the back foot.
This simple document, issued by a lender, shows how much you’re likely to be able to borrow and demonstrates to sellers that you’re serious.
Once you’ve worked out your budget, contact a broker or lender to arrange one. It’ll make your offers stronger and could even give you an edge in a competitive market.
Losing track of priorities
Buying your first home is an emotional process, and it’s easy to get distracted.
Some buyers overlook great properties because of cosmetic details, while others stretch too far financially for features they don’t really need.
Before you start viewing, make a list of your non-negotiables — the things that really matter to your lifestyle now and in the years ahead. Then be flexible about the rest.
A home can always be decorated, but location, layout and long-term potential matter far more.
Thinking of buying or selling in Thetford?
If you’re ready to make the leap from renting to owning, we’re here to help. Our local team can guide you through the process and help you find the right first home.
And if you’re selling a property to fund your move, get in touch for a free valuation and expert advice on your next steps.
Article by Andrew Overman | Partner | Location Location East
