Home Buying Checklist – Your Step-by-Step Roadmap to Home Ownership
Buying your first home is a huge milestone — and it's completely normal to feel a mix of excitement and nerves. Here's a detailed checklist to help you stay focused, confident, and prepared through every stage of your journey.
1. Before you start - Lay The Groundwork:
- Check your credit score:
Your credit score can impact your borrowing power. Review it early and take steps to improve it if needed (pay down debts, avoid late payments).
- Save for your deposit:
Aim for at least 5% of the property price, plus additional funds for fees like stamp duty, legal costs, and inspections.
- Research property markets:
Look into suburbs that align with your lifestyle, budget, and future growth potential.
- Understand ongoing costs:
Owning a home isn’t just about the mortgage — factor in council rates, insurance, utilities, and maintenance.
2. Getting Finance Ready - Know What You Can Borrow:
- Get pre-approval from a lender:
This gives you a clear idea of your borrowing capacity and helps you shop with confidence.
- Speak to a mortgage broker (like me!):
I’ll help you compare lenders, secure better rates, and choose the right loan for your situation.
- Understand loan features:
Offset accounts, redraw facilities, fixed vs variable rates — I’ll break it down so you’re making informed choices.
- Have a pre-approval certificate:
Some sellers won’t take offers seriously without this in hand — it shows you’re ready to go.
3. House Hunting - Be Smart, Not Just Emotional:
- Attend open homes & private inspections:
Take your time to explore different properties — and don’t rush the decision.
- Get building & pest inspections:
These are crucial for spotting issues that could cost you later.
- Compare recent sales in the area:
This helps you avoid overpaying and strengthens your negotiation position.
- Consider hiring a buyer’s agent:
If you're time-poor or want a professional negotiator on your side, this can be a smart move.
4. Making an Offer - Turn Plans Into Action:
- Make a strong but realistic offer:
Back it with data and your pre-approval.
- Include the right conditions:
Building & pest and finance clauses protect you in case something goes wrong.
- Engage a solicitor or conveyancer:
They’ll handle the legal side and make sure contracts are sound.
- Prepare for settlement:
Once your offer is accepted, you’ll finalise your loan, sign contracts, and complete a final inspection before the big day!
You don’t need to figure this out on your own. I’m here to guide you through every step of the process — from budgeting and pre-approval to getting the keys in your hand.
Book Free Appointment with me to start your first home journey with confidence.