Live Where You Want To Live!

Friday, 11 March 2011 11:38 Written by 
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Our Property Pragmatists give their verdicts on your housing dilemmas.

“Use common sense when first viewing properties. Make general observations, get a feel for the place and ask yourself ‘could I live here?’ If the answer is ‘yes’, then arrange a second viewing for a closer look. Buying a property is a big investment so it is important to know everything about it, from central heating issues to noisy neighbours. Ask questions. If there is something wrong, you must know about it and rectify any problems as soon as possible.

Valuations can vary depending from case to case. The market for 2011 is likely to remain the same, with a few percent increase at the most. The property market is ever-changing so the key is to keep your eye on it.

Whether or not 2011 is going to be a good year to sell is dependent on the individual nature of your position. Looking for investment? Think about how you can maximise your property’s potential. If you’re thinking of downsizing then think carefully; in a few years your property could be worth considerably more. If you’re looking to sell quickly, consider the more aesthetic elements. Stick with simple furnishings and a neutral template; potential buyers need to visualise their furniture in your house. Your house is an asset, so sell it well.

Getting on the housing ladder for the first time? Now is a good a time as any, but expect difficulties in the present climate. Be realistic; can you afford to buy? Other options may be more feasible: more people are renting, a trend which has fluctuated over the years; consider putting your name down on the council housing list; how about part-rent, part-buy schemes? Make sure you explore your options and, most importantly, do what’s best for you.

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Norma Fenwick is the owner of the Fenwick Estates, Sales and Letting Agency based in Sawbridgeworth, 01279 210121 This email address is being protected from spambots. You need JavaScript enabled to view it.

“When buying a property, you must ask yourself what you want from it. Professional couples and families with young children will have very different criteria. If you work in the city, you may want to be near the station; if you have children, you may want to consider the schools in the area. In terms of the house itself, get a professional survey. The slightest problem may result in difficult issues later on, costing you money; so sort it now!

Property is usually a long term investment, so think ahead; you’re property is likely to be worth considerably more.

 Despite the current climate, now is a good time to buy with lots of properties on the market, with prices and mortgage rates at a low. The problem is getting the deposit together because banks are exercising caution. Also be aware of increasing interest rates. You don’t want to stretch yourself with the mortgage repayments because when the rates go up you need to be able to cover them.

In utilising the opportunities to sell ensure to de-personalise your house; you are not selling YOU. Create a clean and neutral space for a great first impression. Choose an estate agent who wants to help maximise your profits, not just their commission. Look at agents’ websites for ideas.

Getting on the housing ladder is no easy feat; neither is saving up for the deposit. Finding it difficult to buy in your local area? Look in markets where prices are lower and you can rent out to cover the mortgage. In choosing this route, be sure to seek properties in up-and -coming areas. There can be great potential in your property if you do your research.”

www.propertydiva.co.uk

 

 


Read 80 times Last modified on Thursday, 19 January 2012 14:15
Dawn Leahey

Keeping calm and carrying on

Website: www.facebook.com/dawnleahey
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