Buying that pair of shoes you fell in love with before trying them on usually leads to pain and disappointment. Buying a house is definitely a major investment, something you may only be able to do once in your life. However, for first-time buyers, the excitement might cloud your judgement and stop you from realising the significant aspects of purchasing a new property, especially when it comes to a house, your future home.
Location
No one wants a flat with a view to a construction company or any unpleasantries. Talk with the might be neighbours and do a little research on your own. Property in a low crime-rate is a bit more expensive, but worth it when you do not have to wear three different white weapons just to make it home from work
Consider noise you might experience daily in the surrounding. The sound from vehicles, railways, and entertainments venues near the location can turn living into a nightmare. Is there an “open until late” pub or restaurant around you? That usually means late nights on weekends, with music and people auditioning for “The Voice” in front of your door; a railway near your house is a nuisance you have to consider.
Cost
What’s the price range around the neighbourhood you are interested in buying? Your house value will be affected by the price range in the are: if it is an industrial area you can expect an affordable house. Residential, quiet area means expensive homes.
What about the education if you decide to settle in and have a family? You just got married, but in time, living near a school will improve your kid’s life and yours, by leaving out the commute
Condition of the house
Turn on the tap, check the water pressure, take a close look to the bricks, go in the garden and see if there is any sign of the Japanese Knotweed.
Roof, foundation, insulation and appliances:
- Ask how old the roof is (there’s no point in paying a high price for a house where you will have to change the roof in a year, and the real estate agent did not even bother to tell you)
- Foundation: newer buildings tend to have a “quick-built” foundation; a raised foundation gives access to plumbing
- Insulation: especially in UK’s climate, insulation is a critical aspect; is all the house insulated? You do not want to spend your Christmas bonus on the heating bill
- Were the appliances renewed lately and if not, how much would it cost you to do it?
Offering price
- Did the price fluctuated after the seller bought the home?
- Are there any similar houses to be sold in the area? Your bank’s appraisal, for a mortgage, for example, is strongly related to the comparable sales.
- Does the seller have multiple offers? That means a raise of the asking price and also a competition where the only language is money, so be ready to empty your pockets
- Ask specifics about the council tax and utility bills.
- What does the selling price cover: the kitchen furniture or that garden patio that made you want the house in the first place? Are the fixtures and fittings included?
Be sure you know what are you paying for and don’t let the sellers or the real estate agent be general about what you are asking. You need straight, detailed answers in order to find the best home for you.