You now know how much you can borrow and what your budget will stretch to so decide on the area that you would like to live according to this budget. A compromise may be required as often the area that you would like to live in may be out of your price range. We recommend that you assess an area by the local schools, amenities, access to main road networks, traveling time to work and obviously the style of property that you like. You also need to consider the resaleability of the property for when you want to move as although you may not mind living next to a pub, it will not be everybody’s cup of tea!
Register your particulars and requirements with all the Estate Agents in the area and then start hunting for your ideal home. Arrange a number of viewing to get an idea of what your budget will get you and take a critical look at any properties that you view.
You should pay close attention to the general appearance of the property and any potential structural or damp problems. Does it need a new kitchen and / or bathroom or need redecorating throughout? Does it need central heating or double glazing as all these are potential additional costs for you to consider. It is no good buying a property in need of refurbishment if it is at the top of your budget and you then cannot afford the refurbishment costs! If you are seriously interested in a property then have a second look and try and estimate how much it is going to cost to do any necessary works to the property. This additional cost (if any) can be used as a bargaining tool to reduce the asking price whilst making your offer.
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