How to manage stress when you're buying a house

How to manage stress when you're buying a house

According to research, moving house is one of the most stressful life events you can live through. But what about the process of buying a home? Whether you are navigating the process for the first time or selling your home and moving to another home, there are plenty of hurdles along the road that might make the process stressful.

Why is it vital to manage stress during this process?

When you are buying a home, you need to be able to make important decisions that aren’t clouded by fear or doubt. If you let stress get on top of you during the home buying process, you’re more likely to make mistakes and miss important details that could derail the process.

Our tips for managing stress

A small amount of stress is to be expected – after all, you are making one of the biggest purchases you are likely to make in your entire life. And this decision could have a long-lasting impact on your life and your family for years to come. Here are our tips for managing stress while buying a home.

Take your time

Take your time

If you have the option to take your time, this can help to reduce the level of stress you experience. You might not be able to control this, particularly if you have to relocate for work, but if you have the option, take your time to buy your home. If you put your home on the market first and wait for an offer, this will give you greater flexibility and confidence in the process.

Don’t be afraid to ask questions

It’s normal to be confused about the terms used during the process of buying and selling a home. The professionals around you – including the estate agents, surveyors and conveyancing solicitors – should all be there to help you. Ask questions if anything is unclear and don’t feel pressured to move forward until you are comfortable and confident.

Take some time out

Once you’re deep into the process of buying a home, you might feel like it is taking over your life and everything else takes a back seat – including work, family, friends and relationships. There are a few ways to handle this. You can either schedule a long weekend where talking about the buying process is banned, or you can set rules for not talking about the buying process during specific times, such as evening meals. This requires a conscious effort to stop talking about the process and allow yourself to be present in other aspects of your life.

Prepare for additional expenses 

Prepare for additional expenses 

Facing unexpected costs during the process of buying a house can drive up stress levels. Make sure you have a buffer for extra expenses such as conveyancing, estate agent fees, surveys, insurance and moving costs. Create a buffer in your finances so you can be prepared for additional costs.

Don’t try to predict the future

There are so many possible outcomes during the process of buying a home, you’ll drive yourself crazy if you try to anticipate them all. Take a relaxed view that whatever happens will happen and you’ll worry about it in the future. Trying to anticipate every possible outcome will only add to your stress levels.

Don’t get attached to every home you view

It’s common to feel overly attached to homes, particularly when you are planning for the future. In growing attached to homes, you might face disappointment and unnecessary stress if something doesn’t work out and you have to walk away. There are many things that can go wrong with a house sale, so try not to attach your homes and dreams to one home. There will always be another home out there that is just right for you and your family.

Don’t skimp on the surveys

Don’t skimp on the surveys

You may be given the option to skip certain surveys in order to speed up the house sale. You might feel pressured from the seller to do so in order to make the process smoother. Don’t bow to this pressure, as this could lead you to purchase a property with hidden problems. There is a correct process for everything, and you should be wary about any seller that is pressuring you to skip important steps.

Avoid rejection blues

If your mortgage application is rejected, don’t let this derail your plans. There are many reasons an application could be rejected, from simple mistakes to easily explained issues. There is also the chance that you simply need to choose a different lender. If your application is rejected, don’t let this completely derail your plans. You might miss out on the home that you were hoping to buy, but there will be other homes in the future. 

Closing thoughts

Buying a home is a stressful process, so try to avoid adding to your own stress. Keeping a level head, asking questions when you are unsure and taking your time in making important decisions will all help to keep stress levels under control.

jml logo
JML (Financial) Associates Ltd profile
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram