Property is one of the most important investments and it is, therefore, important
that your property search and selection is thorough, scientific and informed rather than
it being an emotional decision.
Prepare a detailed resume covering your requirements, preferences, facilities required,
price range and time-scale. Consider the whole family's requirements, for now and for the
foreseeable future, in terms of amenities, travel and education.
Study the area carefully - and not just at weekends, that 10 minute journey on a Sunday
can be a completely different prospect on a Monday morning.
Ensure you access the widest range of properties available and conduct a thorough and
intensive search both through estate agents and the internet.
The internet and local library are a good source of local information.
A detailed inspection of a property will give you an idea if it is the one you wish to
purchase. It is always sensible, even if you find the ideal property, to look at a number of
other similar houses so you can form your own judgement as to price and suitability to your requirements.
It is recommended you study an ordnance survey map for a thorough overview of the
vicinity and of any particular property.
Buying a home normally means having a survey carried out on it. A mortgage lender will
insist on a valuation survey. This does no more than ensure there would be sufficient value
in the property if it had to be sold because you failed to keep up the mortgage payments.
The buyer pays the fee, the report belongs to the lender, however the lender will usually
issue you with a copy.
More information is given in a full structural survey which details any visible defects,
large and small - and lists what you may need to do over the next few years.
When funding your purchase, budget carefully to meet the costs to complete your purchase,
the stamp duty, the stamp duty, the cost of legal and professional fees, surveys and removals.
Property is one of the most important investments and it is important to buy with expert
guidance. Consult your solicitor, the surveyor and take expert financial advice.