You are looking for a new home? Watch out for these things when viewing a property!
Photos by: Unsplash
It's easy to get carried away with sightseeing when you imagine living in this space. But every property purchase is a huge commitment, so it is important to do your due diligence before signing the keys. You should be confident that the property is a solid investment, especially when prices are booming. Demand continues to outpace supply in the UK property market – and current inflation is unlikely to decline until summer 2022. So how can you make sure you are spending wisely and settling in the right place? Here are six key factors to investigate.
Does the property have room for your own stamp? This can range from repainting a room or two and seamlessly adapting your current furniture to major value-adding upgrades like a loft conversion. The importance of this factor depends on your priorities. How long do you want to live there and do you want to sell at a profit?
Many accommodations have at least one or two drawbacks that are likely to require your immediate attention. Here, too, the scope of these tasks can vary, from small updates such as investing in a mailbox like here, to major structural repairs. Include the cost of these updates in your moving budget.
Are you convinced that the home you are buying is safe and secure? Check the strength and locking mechanisms of doors and windows, as well as external gates and fences. When parking vehicles, evaluate the street lighting and business as well.
Energy efficiency is an increasingly important factor for potential buyers as we all become aware of our environmental impact. An efficient home will also come with cheaper energy bills. So, be sure to check the EPC rating and ask questions about the age and condition of the electrical and heating system.
Noise is easy to miss when viewing, especially if you are chatting with the real estate agent or owner most of the time. Try, if possible, to find a moment of calm to pay attention to the noise in the surrounding street and beyond. Note that the time of day has an impact on the ups and downs of traffic.
Which facilities such as supermarkets, schools and fitness studios are in the vicinity? Do you rely on public transport to commute or travel in your free time? It is worth spending some time exploring the area before or after the tour.
Location can have a huge impact on the price so it is worth taking this into account when the property is costing more or less than you would otherwise expect.
Moving home is certainly stressful. But if you do your research and weigh all of the above factors and more, you could find a room to treasure for years to come.