The process of buying a house can be confusing. A mistake can be costly; here are our top tips to make the process easier and stress-free.
The process of buying a house can be confusing. A mistake can be costly; here are our top tips to make the process easier and stress-free.
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Created 01/15/13
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1
Get a Survey
At the top of our tips for buying a house has to be get a survey of the property. Sure, the initial cost can be expensive, but a problem found later can be even costlier. There are three main types of surveys: valuation, Homebuyer's Report and full structural survey. A survey could highlight damage that you will have to repair in the future.
2
Financial Schemes
These tough economic times may make buying a house financially unfeasible. But there are a number of schemes which could suit your situation and allow you to move house. For example, first time buyers have a number of schemes open to them such as FirstBuy, NewBuy and shared ownership.
3
Building Regulations
Thinking of improving or extending your property? Make sure you are able to do so by checking with your local council. There could be boundary issues which may affect any building work you have planned.
4
Price & History
Researching the history of the property could lead you to saving money on the asking price. For example, if the property has been on sale for a year or longer, there could be room for negotiation depending on how quickly the seller wants to move.
5
Area
Not only is the property itself important, but also the area too. Things to consider are distance to schools, supermarkets, work and access to public transport. It is also recommended to search for local crime rate on the internet.
6
Conveyancing
Buying a house comes with its fair share of paperwork. It can be confusing and missing a form or filling it out incorrectly may raise problems in the future. A solicitor can advise you on the necessary paperwork to ensure you don't receive any nasty surprises.
7
View the Property at Different Times
The area surrounding a property could look very different at various times of the day. For example, during work hours it could be a serene street where parking is plentiful. But when residents return from work it could be a different story.
8
Extra Costs
While major costs such as the deposit are vital, remember to factor in extra costs such as conveyancing, survey and stamp duty costs. Even removal costs on moving in day can all add up.
9
Searching For A Home
Possibly the most important part of the house buying process, it's important to take the time to explore all avenues and find the perfect house. While looking online may be the first port of call, you should see your local estate agent. Their expertise in the local area could unearth a hidden gem whilst providing you realistic options.
10
Change of Address
A step many forget is to notify organisations of the change of address when you move. Organisations who should be notified for example are the DVLA, doctors and employers.
Information taken from Shoosmiths buying a house infographic.
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