As of 2021, everyone wants to buy a new house. However, purchasing a new house is not that easy. Buying a new house for you and your family is quite an important decision in your life, especially if it is your first one. Many people think that it is okay to live their entire life in a rented apartment. However, contrary to popular belief, it is not at all a feasible decision. Buying a house is a very important decision as well as an important investment since it can add value to your portfolio.

Like mentioned previously, buying real estate in Kenya is not that easy and can be quite difficult for many people as it requires a lot of money, particularly for students who have to pay back their student loans. Nevertheless, purchasing a new home is the next big step in your life and you want to make sure that you do it right. Therefore, here is a list of things that you have to make sure that you remember considering before buying a home

1. 1. Set a budget
      One of the most important things you need to consider before buying a house is making a budget. You have to make sure that a budget is formulated before moving forward on the decision of buying a home. While setting a budget for this new investment, you have to make sure that you include all types of payments and costs in your budget to ensure that it works, including but not limited to property taxes, insurance costs, and down payment.
   2. Check credit
      Since purchasing a new house is considered to be a major investment. You will have to apply for a long-term or short-term loan depending on the value of the house you are planning to buy. However, getting loans from banks or lenders is not that easy. You will have to make sure that you have a good enough credit score that fulfills the eligibility criteria of the banks. In case you have a low credit score, you will have to improve it as certain banks and lenders do not offer loans to people who have a low credit score. Therefore, it is quite essential to check your credit score before buying a new house.
   3. Compare the loans
      Another thing that you need to consider before buying a new house is to compare the loans, also known as mortgages, that different banks and lenders in the market are offering. Moreover, there are a lot of different mortgage lenders that are more than glad to provide you with a loan if you fulfill their eligibility criteria. Due to this reason, it can become quite difficult to know where to apply for a loan. It is advisable that before deciding on taking a loan from a random bank or a random lender, you do your research. It is wise to compare the terms of the loans that are being provided by different lenders before moving forward.
   4. Location
      Always remember to consider the location of the house you are planning to purchase. According to many real estate experts in Nairobi, location can have a huge impact on the value of your house. Therefore, it is quite essential to consider the location of the house you are planning on buying before actually buying it. Furthermore, always remember that properties including houses within a good neighborhood that have access to all kinds of amenities will always be more expensive compared to other houses. However, purchasing property in the said neighborhood can be a good decision
   5. Consult with your lawyer
      The real estate industry especially in Nairobi can be very complex. Therefore, you should always consider consulting with your lawyer even after doing all the research as lawyers are legal professionals who will only help so you can make the right decision. Moreover, your lawyer will do all the paperwork for you and they will even negotiate the prices of the house for you which may save you a lot of money.
   6. Check the plumbing system
      Plumbing systems are quite an essential part of the house and each and every homeowner wants a good plumbing system that works properly in their home. The same goes with you. However, while looking for new homes, you may forget it and that is not okay. It is quite essential to check the plumbing system of the house you are planning to buy. It is advisable that while checking it, call a professional plumber to check whether there are any problems with it or no.
   7. Imagine living thereCheck the dryer vent
      Similar to the plumbing system, dryer vents are also important in homes and are one of the important parts of the washing machine. Therefore, it is very important to make sure that you check whether the dryer vents work or not. But first, you will have to understand the purpose of the dryer vents. When the washing machine is turned on, it releases hot air and moisture. If these externalities are released inside the house, it will result in mold and a hot environment in the house. However, due to dryer vents, these externalities are released outside of the house. Therefore, it is quite essential to consider the dryer vents before buying a house because you do not want to live in a hot environment and neither do you want to spend more money on repairing the dryer vents after making a major investment in buying the house.
   8. Imagine living there
      Last but not least thing that you will have to consider before buying a home is that you will have to imagine living there with your family and loved ones. It is quite essential to do so before deciding on whether to buy the house or not because once you buy a house, there is no turning back from this decision. So, you better not regret it. You can imagine living in the house you are planning to buy in many ways including but not limited to visiting the house and imagining you and your family living there in each room one by one.

Conclusion:

After reading this article, you now know all the things that need to be considered before buying a home. If you are interested in purchasing real estate in Kenya or even interested in purchasing real estate in Nairobi then, Impala Developers is the best option you have Impala Developers is one the biggest Real Estate Development company in Kenya and will help you get the house of your dreams at very reasonable prices.