26
Feb
Tips when buying
The property market in London seems to be going from strength to
strength compounded by a shortage of stock. Whether as a rental
investment or for our own use ,for most of us, buying a property is
the biggest purchase we will ever make – so it pays to get it
right. Sometimes it’s right to let your heart rule your head,
but not when it comes to buying property. We advise clients against
being seduced by cheap redecoration on re-sales and by the "flashy
expensive marketing" that accompanies so many "luxury" new
developments. Take off the rose-tinted spectacles and take a look
in the cold light of day. The things that really count are
location, transport services, structural integrity, running costs
(services charges and ground rents can be a major overhead) and if
buying for investment, the suitability to meet the local demands
and trends of potential tenants. First time buyers can be
particularly vulnerable as they are often eager to settle down and
buy the first decent looking property they see. We urge clients to
seek our advice prior to fully committing to a purchase
irrespective of whether or not they are buying through us.This is
particularly important if it’s a rental property which has to
therefore perform as a commercially viable investment.