Nick Millican: Tips for First-Time Homebuyers in London
As real estate expert Nick Millican recalls, if you are looking to buy a home in London, you want to understand that London is one of the more expensive markets. In this city, to buy a home in the UK or in Europe at the present time. Rents have risen about 12% annually in recent years, which is leading more people wishing to purchase a permanent home, rather than renting a home.
However, saving up enough money for a downpayment in order to purchase a home can be another story all-together, Nick Millican adds. When you are looking into buying a home, it will be in your best interest to contact a mortgage advisor in order to ensure that your budget matches your savings and income levels.
You want to be able to qualify for the mortgage you need to buy a home you want to live in. Understanding what you can afford and what areas you should look at will help you determine which kind of home you want within a reasonable budget that meets your family’s needs. For Nick Millican, this is truly accurate in terms of the client’s needs.
You want to be close to transportation so you can get to places like work and other places that you enjoy going. Real estate agents such as Nick Millican know this due to his own experience with diverse clients throughout his whole successful career (Twitter).
Whether you want to spend some time out in London enjoying its great restaurants or shopping, or need to get to a doctor’s appointment, transportation will be key to helping you enjoy city life to its fullest. Nick Millican finally advises you to think of the fact that you have a family as well. If you have children, then ensuring you are close to your spouse’s job or children’s schools will otherwise be crucial to you finding a home that meets your long-term needs.