Tell me your housebuying pro-tips
View lots of properties within your price bracket and all different types. We were looking at around 3 or 4 houses a week in the final 9 months of saving.
Will help refine your priorities when it comes to buying. Some of my “Musts” soon became “nice to haves” and left field criteria became “musts”Posted 3 years agotowzerMember
Get insrance quotes before buying
Get someone who can access flood and susidence databases ;+)
View it at rush hours and pub out time
is it next to a busy rat run (car or foot)
Visit lots – note comment above about neighbours
Does it align with your parking reqts ?
A mortage survey is less use than a chocolate teapot, chat up a builder/appropriately skilled hands on working person
Difficult one this but your parents will (very, very, very) probably know more than you.
my biggest tip by far – you can get about £400 quid a month tax free via rent a room (and there are plenty of Mon-Fri lodgers) so I would suggest you look at a house that might support such an option.Posted 3 years agotwinw4llMember
Detached, as far away from neighbours as possible.Posted 3 years ago
Don’t buy anything with a shared driveway.
Pay down the mortgage as fast as possible.
When we bought our first house i asked what the payments would be if interest rates went up to 15%, they thought i was mad at the building society, said it would never happen, the rest is history.nickjbSubscriber
View lots of properties within your price bracket and all different types
[quote]Look at houses in areas you wouldn’t at first consider[/quote]+1
Look at lots of houses above and below your price bracket and in areas you wouldn’t want to live in. That way you have a broad spread. You should be able to say ‘This house would be perfect if it was in X’ or ‘This house would be perfect if it had an extra bedroom’ or ‘This house would be perfect if it was £50k cheaper’. That way when the perfect house does come along you know straight away because the good ones go fast.Posted 3 years ago
Some good tips coming in (as expected) thanks all. Me plus partner, fairly flexible on area/size/etc. (in brizzle if anyone has particular local tips to offer).
Interesting to see comments on detached places, I’d never particularly considered them as I’ve always lived in terraces/flats. Maybe always been lucky with neighbours tho*?
*if I’m always lucky, does that make me the bad one? 😉Posted 3 years agoSpeshpaulSubscriber
try and think ahead.Posted 3 years ago
can you park 2 or 3 cars,
bedrooms, i never had plans on having kids, now have two teenagers, the house is starting to look small as they get bigger. there could be another 2 cars to park in a few years.
I know its your first house but life can change very quickly.matt_outandaboutSubscriber
Be prepared to walk away.
Have at least 2 good lookarounds.
Visit the area at different times of day.
Consider things you would not at first.
Plus be uber prepared – mortgage in place, deposit ready, paperwork done, solicitor lined up. And make sure vendors and estate agents know you are serious and prepared. Don’t muck people around. If you want it, buy it asap.
(We are currently playing ‘who caves first’ on a house here – vendor wants more money, we wont up offer. They have new house being 0built and huuuuge deposit on the line. We have 6 months to find a house.Posted 3 years ago
Clifton or Hartcliffe?
More column B than column A 😉
If you want a garage, get a garage. A “big shed” doesn’t cut the mustard and you’ll regret it.
Do I detect a tinge of regret? I must say, last place I lived in had a garage and I miss it, I actually have to tidy up the bike clobber now!
Plus be uber prepared – mortgage in place, deposit ready, paperwork done, solicitor lined up.
Trying to get this all done, any things to do/might have not thought of welcome! There seems to be a lot of faffing about to be done.Posted 3 years agoedhornbySubscriber
if you have to choose location vs house, choose location
what Matt said about preparation is key, because you are no chain you’re in a strong position, make it work for you
you can get a basic valuation done for the mortgage company and go onto the open market for a homebuyer or full structual, this saves money
environment agency flood risk maps are online, go look at them now and rule out any house that is in a shaded area
stand on the other side of the road to see the roof properly – if you are serious about buying, go into the loft and smell it, if it’s mucky or damp then be awarePosted 3 years ago
A good solicitor is worth their weight in gold. Its not worth scrimping a few hundred on one, but probably not worth £500+ difference.
If your solicitor cannot answer all of your up-front questions in whatever format you like (phone, email letter)in plain English and won’t make time for you, then they probably won’t later on in the process.Posted 3 years agoengineeringcowboyMember
ononeorange – Member
Towzer – rental income is taxable.
towzer – Member
1 minute for the defence including a link. ImpressivePosted 3 years ago
Local recommendations, especially of friends / colleagues. You should notice the same names cropping up.
In this city there is a big firm that repeatedly get recommended and they have a policy where you pay no fee’s are payable if the sale doesn’t complete except for disbursements (searches etc, normally about £250.
Draw up a short-list of solicitors and if you’ve got any specific questions for them or expectations approach them all with said questionnaire asking for a quote. If they don’t respond quickly and comprehensively then steer clear.Posted 3 years ago
We looked at one house, once, and bought it. Job done. It’s lovely.
Too many friends are spending months looking at houses, only to find they’re being priced out of houses they looked at at first. Particularly if you’re looking around a stamp duty threshold, a £10k increase from £250 to £260k means you need £5k more upfront.Posted 3 years agoclubberMember
Average house prices last year:
That suggests to me that a lot of people pay £260k for a house.Posted 3 years ago
look forward – think what you will need in 5/10/15 years. and buy accordingly – im not saying buy the house you think you might need in 15 years time but if you buy now a house that has room to extend it could save you a heap of time and upheaval in the future.
stamp duty/solicitors fees/surveys + redecorating each move is generally unless you pick exceptional houses each time that just keep increasing.- lost moneyPosted 3 years agokcalSubscriber
I was fortunate in being able to tap on some extra cash when I first bought a flat, but my uncle (& solicitor) advised getting a flat one bedroom more – so was able to let out to mates for first few years, which was handy. Stood in good stead.
He also advised against endowment mortgage, wise man (now dead sadly).
When we, married but no kids, looked for house, must have tramped all over Edinburgh for a spring and summer, ruled out many places (too many?) – but settled on somewhere nice – not best house, or access road, but was good. You get used to seeing same folk looking at same houses too – became a bit of a running joke really.
Be sure to agree on what is compromise and what is fixed — is it type of heating, or views, or quietness?? garage? garden?
Oh, and £260k will get you a shed-load of house round here 🙂Posted 3 years agoThe Flying OxMember
Accept that you’re going to have to have a survey done and that it’s money down the toilet. To find out what condition a house is actually in, take an impartial tradesperson with you to have a good look around.
You really don’t know what you’re looking for until you’ve been moved in 3 months and the attic floor suddenly gives way…Posted 3 years agoalfabusSubscriber
when you have found ‘the house’ that you want to buy, try to get a phone number for the vendor direct. the estate agent won’t like you doing this, but there is nothing legal to stop you having it. if you have a viewing where the owner shows you around, ask them then.
we found having this on our first purchase was the thing that made the deal go through. <tautology alert> the estate agents were self serving bastards </ta> who lied to everyone at lots of stages – even about stupid things where the truth was actually better than the lie! – having a number meant we could straighten things out and get things moving again.Posted 3 years agomatt_outandaboutSubscriber
Be aware of the nutters!
As I said above, we are offering on a house at the moment.
There have been three other offers, all above asking price, but have fallen through as buyers have been put off by the need for some work (it is blindingly obvious it needs work…) or they did not have a mortgage in place.
In addition, vendor is moving to new build and put down a £000’s non refundable deposit.
An excellent source* has informed us that they only need asking price to get their new home, but that mrs_vendor has been told by mate to expect minimum 10% above asking…. 🙄
We are offering asking price, with mortgage in principle on that property. We have a flexible, 3-month time frame to complete, in case new build is late, but would exchange within a couple of weeks. We know the work that needs doing, and are not put off by it at all.
Will the vendor think “ooh, a buyer, who is offering asking price and is serious, maybe I should accept?” nooooo, they get the (apologetic) agent to call up for the 5th or so time to ask “would we bid more?”.
I am sooo tempted to offer £1k less per day they faff… 😉Posted 3 years agogribbleMember
Above advice on location is spot on. You can’t move it, so make sure you are happy with the local (list in no order and not exhaustive) pubs, Iceland/Waitrose, noise at night, crime rates, schools, views, parking, neighbours, flood risk etc. good tip on visiting the area at night, in rush hour etc.
From experience, do not avoid getting a structural survey. We had one completed on a house that was less than 10 years old. Discovered major issues, we pulled out. Cost us £1k, but that is peanuts compared to repairing a home with major structural repair issues.
Speak to lots of agents and register. It is admittedly a pain when they ring up and introduce themselves by first name only, (like they are you best mate and your only search agent), which gets confusing once you have spoken to a few. The plus side is they know the market, can get new to the market stuff over to you before it is on Zoopla etc.
Watch Kirsty Allsop on tele (not for anything in particular apart from her lovely posh curves)! 😉Posted 3 years ago
Average house prices last year:
That suggests to me that a lot of people pay £260k for a house.
POSTED 37 MINUTES AGO # REPORT-POST
njee20 – Member
but not many people pay £260k for a house.
Gonna depend where you live, but you get roughly sod all round here if you don’t spend something in that ballpark!
The point being, as it will cost the buyer considerably more in stamp duty, a great many will only offer £249,999.99 so it doesn’t cost them another £5k.
That suggests to me that a lot of people pay £260k for a house.
Not sure how you come to that conclusion.
BTW – we sold our last house for £269,000 so I am not saying it doesn’t happen, but we were in a bidding war and they simply *had* to break the £250k barrier.Posted 3 years agomidlifecrashesSubscriber
Take your bike and ride around your chosen area. Find your favourite street or village you’d like to live in. The ones for sale will have signs outside, buy one of them. The worst house in the best street if you want a project.
Insulation, insulation, insulation. Energy will never be cheap again.Posted 3 years ago
Council tax wasn’t cheap for long, either. Check prices in advance, there are anomalies due to gentrification and areas descending in popularity since it was introduced.
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