Tips on how to move up the property ladder
12 July 2019Moving up the property ladder can be an exciting time. You may have outgrown your current home and need more space, or want to relocate to a new area. We welcome many ‘second steppers’ into our Marketing Suites who haven’t climbed the property ladder before. The experience can be quite different to when you were a first time buyer as you have the added layer of selling your existing home. You might not know where to start but don’t panic! Our Sales Executive, Liz Makeig, reveals some top tips on how to make your next move a little less stressful.
Use our Devonshire Move scheme
Finding your next home can be fun and exciting and most home owners can’t wait to gain a quick sale on their old property so that they can get the keys to their new home. Our Devonshire Move scheme is designed to help you sell your existing property and secure a new home at one of our developments in a smooth, stress-free manner. If you use the scheme, your preferred plot is taken off the market for an agreed period of time whilst a buyer is found for your existing home. To help with costs, we will pay your estate agent fees at an agreed level. The scheme is applicable to existing homes valued up to approximately £300,000. Pop into any of our Marketing Suites and our Sales Executives can explain the scheme in more detail.
Think about your mortgage
Even if you have a mortgage already, you may need to borrow more in order to move up the property ladder. Take the time to research different types of mortgages on offer to get the best deal. You’ll also need to gain an understanding of the interest rates and fees. Sound daunting? Don’t worry! We have an excellent choice of independent financial advisor that we can recommend. They can either call or sit down with you and help you find the best mortgage and answer any questions you may have.
Make sure your current home is in tip top condition
If you can afford the expense, consider making some improvements to your current home. Renovations such as updating your kitchen or giving your garden a makeover could add value to your home, giving you more in the pot when you come to purchasing your new home with Devonshire Homes. It’s also worth bearing in mind that neutral décor appeals to many prospective buyers so consider ditching those crazy wall colours for something a little softer. Whilst you’re giving your home a little makeover, it’s also an excellent chance to de-clutter! A tidy home ensures that the assets of your property really shine through.
Save, Save, Save!
There are more costs involved when you move up the property ladder compared to when you were a first time buyer. Make sure you draw up a savings plan that takes into consideration the cost of surveys, conveyancing and solicitor fees. Online mortgage calculators can also prove incredibly useful when you are planning your finances. Check out this calculator from Money Saving Expert.
As well as the tips above, we would also recommend getting guidance and advice from friends and family who have already moved up the property ladder! They will surely have even more tips on how to make the process stress-free. Our Sales Executives are always happy to provide advice and run through the process on how to purchase one of our new homes, so pop into one of our Marketing Suites today.
Our current developments include: Mazzard View, Landkey; Tarka View, Crediton; Ladywell Meadows, Chulmleigh; and Gwallon Keas, St. Austell. Please visit our ‘Current Developments’ page for more information.