First
time buyers should be even more careful as they
do not have any property buying experience.It
is well known that buying a property is probably
the biggest financial comment most people will
make, so research and great care should be taken
in order to try and make the right decision
which can potentially effect your financial
future. There is a
common
saying to indicate the most important factor
that can effect a property is location, location,
location.
So
knowing the area is important. Is the area near
decent schools, does the area have a good road
network, are there parking issues, is the area
prone to flooding or subsidence (usually in
a clay soil based area). Then there are more
local issues to be aware of for example are
there tall trees or shrubs close to the house,
have there been neighbour disputes.
The
main structure of the building should be checked
and often a full property inspection can be
more prudent and cost saving than a general
mortgage valuation that is basic and does not
go into details about many important factors.
If certain areas or concern has been highlighted
then further specialised reporting should be
carried out. These may include a full NICEC
electrical inspection, CORGI gas inspection,
structural engineer report for roofing and drains.
Others may include a full damp and timber treatment
report or thermal insulation and an energy efficiency
report.
These
inspections can be expensive but if there are
serious problems with the property they can
allow the potential buyer to make the correct
choices or potentially lower the asking price.
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