Find the ideal home is not a decision that anyone takes lightly. With the average deposit needed for a mortgage now hovering around the £33,000 mark, it’s safe to say that choosing the right property development is now a bigger decision than ever due to the financial weight that it carries.
Despite house prices that keep creeping up year on year and a sluggish market, the number of first-time buyers continues to rise, for the majority of whom it can be difficult to tell whether the property developments they are looking at are indeed he right ones for them. Considering what an incredibly important decision this is, many buyers find themselves fearing the prospect of making the wrong decision and throwing thousands of pounds down the drain. Not to worry, though, because we’ve put together a quick guide on what to look for in your perfect home:
Decide How Many Bedrooms You Will Need
Although it seems like an obvious step in finding the right property, that doesn’t detract from the fact that deciding the number of bedrooms that you will need is one of the first things that you should consider. You may not yet have a family but property is a long-term investment so it is worth keeping in mind that you might need more bedrooms in the future than you do now when looking at different properties.
While it is tempting to opt for a property with fewer bedrooms as they are often cheaper, the saving you make now could end up costing you further down the line if you find yourself having to upscale to a larger home to meet your changing needs further down the line.
Check the Neighbourhood You Are Moving To
A property is often only as good as its location, after all, you won’t be living in a bubble. The last thing you want to do is to make the financial investment of buying a property without first doing some research on the neighbourhood it is located in. Whether its nightmare neighbours or a high rate of crime in the local area, it is worth doing some basic checks to check that there are no nasty surprises in store for you.
As a rule of thumb, if a property price looks too good to be true, this is a pretty major red flag that you should do some digging as there might be something less than ideal either about its history or the area itself to warrant the low selling price.
Don’t Forget About Parking
As of June 2018, there were over 38 million vehicles registered in the UK, according to data from the RAC Foundation, with over 20% of homes having two cars registered at their address. So, it’s easy to see why parking plays an important part in choosing the right property, as you will likely need plenty of it!
If parking space is a non-negotiable for you then you’ll want to look for properties with off-street parking as there’s no guarantee that neighbours will leave the space in front of your home free for you to use. So, whether it’s a garage, a drive, of the option to rent a space nearby, make sure that you check exactly what parking options your property comes with.
Make Sure That You Have Enough Space
Everyone’s got more than their fair share of spare towels, old electronics and boxes of junk lying around, but keeping hold of these items can turn into a real nightmare if you don’t have the necessary amount of storage space. To make matters worse, clutter is notoriously sneaky; it will build up to near-unmanageable levels before you’ve even realised what’s happening.
So, it’s incredibly important that your new home offers plenty of closets, cupboards and other places to store your possessions. At the very least, you should ensure there’s enough room for you to put up your own shelves and cabinets because there’s nothing much worse than a cluttered, chaotic home.
Check for Any Structural Issues
This is the big one in terms of things you should look for when choosing a property. A staggering number of prospective homeowners end up purchasing a property with serious structural damage, simply because they hadn’t been thorough enough when inspecting the property before making a purchase. The important thing to remember, when you are viewing any property, is that you need to check for everything from small issues to major red flags like faulty switches and sighs of damp. This is why it is always recommended that you go beyond a simple look around and check behind big pieces of furniture, underneath large rugs, and closely at the ceilings to spot any hidden damage.
Major structural issues are exactly why the RICS Homebuyers Report is such an important document, especially if you’re buying a property for the first time and aren’t sure of what warning signs you should be looking for.
Finding the Right Property with Blackmore Homes
Here at Blackmore Homes, our wide portfolio of property developments cover the majority of the country, offering buyers modern properties in some of the most sought after locations, both in the countryside and close to popular cities.