No matter whether you are a first-time buyer, investing in property for the first time or very experienced,it is important to do your homework before you part with any cash.
Despite the wider economic conditions, property is still regarded as a great investment and in the Midlands, there are some great areas of opportunity.
And as the market is still buoyant, with demand outstripping supply, it’s the perfect time to sell.
However, if you have seen a property you like and are interested in putting an offer, we recommend getting a check list together of things to do and not do to minimise any problems further down the line.
Firstly, always go back for a second or even a third viewing, and if you can, take someone with you. A fresh pair of eyes is always useful. Second viewings enable you to think with your head not your heart and examine the interior and exterior from top to toe.
Checkfor signs of woodworm, damp, peeling paint or wallpaper, cracks inside and out, dodgy plug sockets, dripping taps, wood rot (for example window frames) and condensation. Take pictures so you can show a builder or surveyor later on if needs be.
Outside, check for invasive weeds or plants such as Japanese Knotweed. Check brickwork, roof and any chimney stacks. Is there any repointing that needs doing? Check guttering, the roof and tiles, damp proof course, if there are any subsidence issues, fences, walls and back access. Go over every square inch and make a list of any work that may need to be done, as well as work you’d like to do anyway.
Check for flood risk, crime levels, school catchment areas, if there is any building work that may be happening either now or in the future, any neighbour extensions planned that might affect the light levels to your new homeor if there are any plans to build major road or rail schemes in the area.
Check out the street and area where the property is. Go at different times of the day so you can see what the traffic is like, parking pressures, how busy the street can be and what it is like after dark.
What are the neighbours like? Meet them and see what they are like.
Get the best Home Buyer report you can afford and read it thoroughly. You may find unexpected issues that need resolving before a mortgage can be granted.
Hawkins’ manager David Bruckert said: “At Hawkins wecan help clients whatever the market conditions.
“Our local knowledge is second to none and alongside our collective experience we can help at all stages of the sales process. However, the one thing we always advise buyers is to be prepared and do your homework.
“Adopting a checklist and utilising the help and support we offer, will minimise any potential problems further down the line.”