Things people don’t tell you when you’re buying a house for the first time, #27: you still have a landlord, and you are it. To put it another way, you are both tenant and landlord simultaneously. You must refrain from destroying the place, with every nick and scratch open to potential scrutiny as to whether it degrades the property value, and you must pay your monthly dues in order to maintain residence there. On the other hand, you have to maintain the plumbing and repair the hot water system, and pay a whole bunch of random council fees, and worry about rising interest rates.
Needless to say, this can make for a fair bit of cognitive dissonance. You need to keep yourself in line, and ensure all the costs of running the joint are somewhat under control. You feel an impulse to kick yourself out every time your blasted ottoman puts yet another scrape in the bamboo floorboards. Meanwhile, you curse yourself under your breath for curtailing your fun and being a privileged property-owning so-and-so. It’s a trip, believe you me.
If you’re thinking of partaking of all this, allow me to make a suggestion: invest in decent conveyancing. Melbourne, South East suburbs included, is full of companies offering this service, but not all of them will really serve it to you straight. You want a conveyancer who’s not going to pussyfoot around the bottom line, which is essentially that buying property is going to throw you into a financial face-off with none other than yourself. Of course, it’s probably best to make sure they also know their way around a title transfer, but it’s not like it’s hard to come by title transfer services. Conveyancers generally seem to have that under control.
There should be a professional service that’s specifically concerned with counselling first home buyers, and not as a prelude to selling them a home loan package. It’s like how some people opt to have a doula involved in their birthing experience – someone who’s there to provide guidance and support with no other agenda. Yeah.