Things to consider when buying a house.
Before buying any property it is important to take a few steps to guarantee you have no nasty surprises once the contract has been signed. Read on to see what suggestions we have to make the move as easy as possible.
Firstly we suggest you do your research and make sure you look at lots of properties local to you and a little further a field as these can be a little better value for money depending on location. It’s always good to look at houses that are a little higher in value than your budget allows as there is normally a little leeway in price, due to damage, renovation needed and your circumstances if you are not in a chain. You will find out about damage when you get to the stage of making an offer and having a Home Buyers Survey is very useful. For example, although an extreme example, Asbestos Removal Birmingham based companies like those at https://www.tesenvironmental-ltd.co.uk/ might be needed.
With this in mind you here are some interesting facts learnt about conveyancing and the housing market
- On average house prices in the Uk are around 200,00 pounds which is crazy considering in some locations you can actually buy a house or less than 100 pounds but then somewhere like London they can go for over one million.
- Did you know that if you buy a second property then you will need to pay a 3 percent increase on stamp duty.
- Thank you to the shopping, scenery and social aspect Bristol has been voted the best place to live in Britain.
- The average age of a house buyer is now 35 years old which has changed over the years and it seems to be getting older as time goes on
On average at the moment sixty three percent of people are home owners which is quite staggering to think that the rest are either paying rent, living at home with their parents or I suppose living at university. If there are two to three people in a chain it can take up to twelve weeks to move home.
In 2019 there was a huge rise in house prices which is great for the home owner but not so great for first time buyers. Remember the buyers report is a very handy survey that will really help you decide whether or not to move forward with a property or not.