May 14, 2019

Which points to remember while purchasing property?

Buying your dream house is not an easy task; it takes a lot of pressure and efforts to find a house which suits your requirements at first glance. There are numerous peoples who manage to get their dream home after decades of apartment living and save enough money to their first home.

Since we all know, there are a lot of House to let in Wentworth Estate floating around on the internet. But after due diligence like checking credit, finding a realtor of your choice, getting pre-approved things, and after all these formalities you make an offer.

These steps sound straightforward, right? Not Quite. Because all this process is more stressful and complicated than we expect. Despite spending a lot of time googling the unfamiliar issues or asking millions of questions from your agent.

Here in this article, you will read the important things which you should always keep in your mind before playing your role as first time home buyer.
How Old Is The Roof?

First of all, remember the fact that newer roofs have an only life expectancy of 15-20 years even that all depends on the materials. And replacing the roof is always an expensive business to do.

So, before making your final decision for any property just check if the property has a flat or nearly flat roof, also check the material with which it is sealed. These days a special and better membrane is used which is much better than asphalt and gravel, which can leave some unsealed edges and corners.

Check if There is a nearby Damp

Most of the owner's sale out their houses because of mouldy smell, flaky plaster, and watermarked walls or ceilings. So, make it sure that you should check the skirting boards. Also, make sure to look closely near the ceiling and check the paint that might be covering any damp.

Secure a Down Payment.

There are a lot of Letting agents in Surrey, but before making any kind of payment for your dream house just remember that unlike the 3% down payment on the house you are currently living in. You are going to require at least 20% money as a down payment for buying your first dream property.

This is because investment properties need huge money as down payment than your regular building. This is all because mortgage insurance is not applicable for investment properties and also has strict requirements for approval.

How Spacious the Storage?

This is one of the over look asset while buying your home. If it is not perfect in size then just think, where will you keep your vacuum cleaner, junk boxes, waste towels, spare linens?

If you are buying a newly build house. Then just make sure to check that there is still a room for cupboard or shelves to be built in.

What's the Area Like?

Just make sure to check nearby location if there is a pub, kebab or bar that become rowdy in the evening. How far the shops are? You can walk or need to drive? Are there Noisy Roads or train tracks nearby? Is there a local dump in the smelling distance?

If you find any of these inappropriate things then I just suggest you drop the idea to have your own house in this location. 

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