Buying a property in London can be an exciting time, and arguably more than that for a first time buyer. Saving for your initial deposit can be a huge milestone in achieving your goal, so using that money to purchase your first home feels great. However, with all the excitement, some potential buyers forget to go through important checks and leave themselves faced with expensive problems to deal with once the purchase is completed. Here are 6 important things to check when buying a home in London. Check the Scope of Your Municipal Council Tax When you agree to your mortgage with your lender, you’ll have a rough idea of ​​your monthly expenses. However, it is always important to check the scope of municipal taxes before you start paying bills. Some people have made the mistake of thinking this is simply a given and left themselves open to a nasty surprise when the bill comes. Make sure you are aware. Arranging to check moisture Some vendors may try to mask the moisture by placing furniture in front of damp spots, or even by applying a fresh coat of paint to the wall. However, moisture can cause significant structural damage if not corrected. Before agreeing to the property’s purchase price, arrange for a wet inspection of your London property. Moisture checks are usually very cheap, and can give you a good idea of ​​how much any moisture is present and the appropriate costs to repair and restore. Make sure to collect all warranty documents. If the property you plan to purchase has new windows, a new front door or a new kettle, proof of guarantee must be presented from the seller. If not, be sure to chase this one. For example, new windows tend to have a ten-year warranty, so if any problems arise, you’re covered. Without these documents, you might be left to pay the repair bill that is likely to be covered already. Arranging for Drain Drain Surveys There are a lot of issues with drainage systems that are not generally visible so it is imperative to direct a specialist to conduct CCTV drain surveys in London. A drain wipe can inform you of any current or potential problems with your drains. If repairs are required, you may want the seller to repair them before completing the purchase. Alternatively, you can use the cost of repairs to bargain over the asking price. Make sure you have details about utility and utility bills that can be problematic enough to arrange when moving to a new property without needing to know the supplier and source of each individual service. When purchasing your property, make sure the seller provides as much information as possible. Gas supplier, electricity supplier, and possibly any previous supplier as well. These are just examples but you can see anything you think might be helpful and obviously, make your life easier once you move on. Check your lawn for problems Homeowners often forget to consider the problems they might encounter inside the outside areas of their property. Gardens are often taken at face value and little consideration is given to the problems they may pose. For example, a garden containing Japanese Knotweed might prevent your mortgage lender from lending you money, and to remove that weed, it could cost well over £ 20,000! Likewise, large trees can grow nearby or on your property to cause structural hazards. Collaborator? We hope so! Buying a property is exciting and confusing at some points, so don’t forget to list all of these important checks to avoid unnecessary repairs and expenses once you complete the purchase.
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