If you’re thinking about buying new property, the process can be very exciting. In fact, it’s often so exhilarating that you can easily get swept away with dreams of what could be whilst forgetting to keep a cool head and check the essentials of the house to ensure you don’t miss or overlook any potential problems. When viewing a house, you need to inspect it with a sober mind.
Luckily, there are many experts with plenty of experience who are prepared to offer you some advice. Are you thinking about investing in your future? Here are the most essential factors you need to consider when viewing a house.
There are many things you need to consider, but here are some of the most important ones:
- Think like an investor. It’s hard, but keep those emotions in check and pretend you are looking at a home to buy and sell for profit. Look for quality. Look for faults. If you do discover areas of concern, that doesn’t mean you have to put off buying; it just means that you need to have a realistic view – especially when it comes to negotiating the price.
- Go more than once. The more you visit a particular house, the higher the chances are that you may spot areas of interest, or that you may see the home in a different light. Don’t make a decision just because of one visit.
- Take it slowly. When you view the house, don’t go in and be out in 10 minutes – take your time and look around carefully. Interesting statistic: 70% of buyers who spend more than 90 minutes in the house before buying tend to pay below asking price, whilst only 50% of buyers who spend less than 10 minutes in the home pay below asking price.
- Investigate the structure. Check for cracks, damp, and so on.
- Walk around the neighbourhood. Do this several times, and at several times of day. Do you like the neighbourhood? How about shops, traffic, and so on?
- Make a checklist. Make a checklist of what you want, and see how much you can check off.
- Confirm what’s for sale. Are the house and the land together? Are all items in the house included?
Once you’re seriously considering buying the property, arrange for a survey. It’s incredibly important, even though some forget, fail, or refuse to do so. Not only will the survey inform you of potential problems with the property, it may also give you a better valuation and allow you to negotiate the selling price, as Beresfords, experts in property for sale in Colchester and other areas, confirm. It’s always exciting to view new property, but consider due diligence before an important business transaction. Handle it wisely.