3 things to consider when conducting a UK property search
If you're searching for property, you probably have heard that the three most important things to think about are location, location and location.
But surely there's more to it! While location is a vital consideration, there are plenty of other factors that could have an effect on your decision.
Whether you're planning on renting or buying, the price of a UK property is sure to have bearing on whether it's one you are interested in obtaining.
When you do a UK property search, don't forget that it's not just the building's value that you need to think about.
Be sure to make room in your budget for things such as utilities and council tax. And if you're buying, you should be prepared to set aside approximately 1 per cent of the house's value to pay for routine maintenance every year.
The condition of the property
For those looking to rent a property, there are minimum legal requirements that all landlords must meet in order to let the house or flat. These rules are put in place to protect tenants and if you notice that anything does not meet the regulations, you should inform the letting agent.
Alternatively, house buyers carrying out a UK property search should be sure to get the building checked out carefully before the purchase. This will help you to ensure that it is safe and not suffering from any structural damage that could cause problems in the long term.
It can also be useful to think about your long-term plans before starting a property search.
Ask yourself whether the location will be big enough, or in the right place for you in a few years' time. The answer to this question doesn't necessarily have to be 'yes' for you to purchase the property, but it is something to bear in mind.
Additionally, for those who are looking to buy, the future of a particular area could mean a change in the property's value - so you want to be sure that you find a place that won't depreciate over the years.