Finding The Property
Location, location, location are said to be the "3" most important points when searching for the property that suits you. In addtion there are other things to watch out for when you are inspecting properties.
The Outside
You and your mortgage provider will need a valuation and a survey. But there are different types of surveys, and even a structural survey will only cover major defects. So check the outside of the property for condition of paint, windows, drains, and gutters. Next take a good look at the front and rear gardens. Look for clearly defined boundaries, hedges and fences in good condition and look at the roof from both sides for loose and missing tiles. Also do not ignore the outside brickwork (all around). Look for damp patches major cracks and recently repointed brickwork.
Inspect outbuildings and garages for general condition and what is included in the sale. If you fancy that greenhouse make sure it's staying!
Listen for outside noise e.g. traffic, trains, flight paths for planes and last but not least noisy neighbours!
Look at your prospective neighbours gardens for neatness, it provides an indication of their character!!!
If the property is semi detached or terraced the condition of the adjoining properties will affect the value of the property you are considering buying.
Try to view the property at different times during the day and week and note the level of street parking and noise. The estate agent and the vendor may have invited you to view when the factory down the road is closed at the weekend!
The Inside
Check that the estate agents details are basically consistant with what you see. Are the rooms sufficient if size for your needs, is cupboard space adequate. Do you need to redecorate. Are the windows and doors fitted with security locks? If not your home insurance will be more costly.
Check for damp patches (does the bathroom smell musty? Are there damp patches on the walls and/or ceilings?) Are there any large cracks? Particularly horizontal cracks.
Ask if the heating system works, what the annual cost is, and whether the boiler is regularly serviced, this is particually important, if the boiler looks old or is gas fired.
If the house is older than 15 years ask whether it has been rewired. If the kitchen or bathroom has recently been refitted ask who carried out the work- a professional or a DIYer!
Check the condition of the sanitary wear. Check for cracks/dips and creaking floorboards.
Finally inspect the roof void for sufficient insulation, condition of timbers and anything else which looks suspicious.
Don't be afraid to make notes and always visit the property at least twice before making an offer subject to contract.
After Your Inspection
Look at your list. Cost out defects/decor/replacement items to arrive at what you can afford to offer.
Compare different properties using a matrix based on:
| | Property 1 | Property 2 | Property 3 | Property 4 |
| Location | | | | |
| Floor Space | | | | |
| Price | | | | |
| Repair Costs | | | | |
| Extras | | | | |
| Intution | | | | |
| Others? | | | | |
Rate each section out of 10(no cheating!) in order to indicate an overall score.
Then revisit your "favoured" property and check it out again before making an offer subject to contract.
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