Now that it’s Spring, the property market has come alive. Many people who resolved to sell their properties at the beginning of the year are finally getting on and doing it.
But as with any large purchase, there can be any number of problems. There are a whole host of things you should look out for, so let’s get started.
Poor Quality Finishes And Materials
Finishes and materials are important. Why? Because it’s a hassle to change them, once you’ve moved all your stuff into a new house. They form the backbone of the house underlying its overall quality.
The quality of the finishes can sometimes be poor. Companies that buy and sell homes, like Rebrick Property Services, will often note the quality of a finish up front, warning you ahead of time.
When you go to visit a house, pay particular attention to the quality of the finishes in the bathrooms and kitchen. More expensive homes will use hardwood or tiled flooring in the kitchen, and tiles in the bathroom. Less expensive homes will opt for vinyl flooring and plastic countertops in the kitchen. And both can cause you problems.
Poor Quality Kitchen Appliances
Kitchen appliances come in a vast array of qualities and energy efficiency ratings. Usually, the older the appliances, the lower the quality and the less efficient.
The quality of the kitchen appliances will determine whether you’ll need to spend money on appliances in the near future. So make sure you pay attention to them. Good quality appliances will have high energy ratings and not make an awful noise every time you turn them on.
Poor Quality Fixtures
Like the kitchen, the bathroom is a room that has both a functional and a design element. Here, our focus is on the functional element. The last thing that you want is for the shower or the toilet to fail you when you need it most. When you visit a new house, ask if you can check to see if everything is in good working order. Remember, newly installed bathrooms are probably a lot more reliable.
You can tell a lot about a home from the exterior, contrary to popular belief. It’s an indication of how much love and attention a house has had over the course of its lifetime. If the previous owners have paid attention to the outside of the house, that’s a good sign. Look out for things like clean gutters, fresh paint on the outside door and a well-kept garden.
Imminent Leasehold Expiry
Many people don’t realise that when they buy a flat, they’re essentially renting it out for a period of time. It sounds strange, but it all comes down to a little legal footnote called the leasehold.
Essentially, you get to live in the house for as long as the leasehold goes on, which is usually a long time. After that time, it’s returned to the landlord. But the problem comes when you come to sell your property. If the leasehold is under 60 years, people won’t want to buy your property because it will be worth less other buyers in the future. That means you’ll lose money, and lose a good chunk of your savings.