brown and white concrete house near green trees under blue sky during daytime

7 Critical House-Buying Factors to Think About

brown and white concrete house near green trees under blue sky during daytimePurchasing a house is one of the biggest and most important decisions you’ll ever make in your life. Therefore, it is essential to do your research before jumping into a purchase.

To ensure you choose the right property for yourself, here are some aspects that people don’t think about often prior to purchasing a home:

Whether it is close to a church

For someone who might be religious, living close to a church might sound like the perfect idea. It would mean that they could go to masses frequently, or attend events such as marriages, baptisms, and christenings at their convenience.

However, an issue that could arise for a prospective homeowner is the requirement to contribute to the cost of church maintenance repairs. Some properties may have this duty.

A law change in October 2013 ensured that future property owners, where there had been no specific mention in the title documents, would not have to make contribution payments unless the church registered their rights under the Land Registry records.

However, prospective homeowners should take out chancel repair insurance cover as a precaution to cover certain circumstances.

Mortgage Rates

Mortgage rates are important factor to consider when buying a house. They can vary significantly depending on the market and the type of mortgage you get. It’s important to look around and compare rates before deciding.

Damp

Damp and mould can cause respiratory problems and other health issues, so it’s important to get this sorted before moving in. An experienced surveyor will be able to identify any potential damp or mould problems and advise you on what needs to be done to fix them.

Pest infestation

If you notice any signs of pests, such as mouse droppings, it’s important to get the property inspected by a professional. Pest infestations can be difficult to get rid of and can cause damage to the property, so it’s important to get this sorted out as soon as possible.

Windows and Doors

It’s important to check to see if all the doors and windows open and close properly, if they are not it may be a sign that the doors and windows are quite old and it may mean they have to be replaced showing a sign of improper maintenance.

Plumbing and Electricals

Check to see if all the taps and toilets flush and work as expected. If not, this can show an underlying problem, such as pipe issues.

As well as this, the electrics must be checked as if sockets and radiators do not work or if there is not enough, it may be a better idea to consider another property as these minor fixes’ will end up hurting your bank account!

Service Coverage

In today’s day and age, it’s important; especially with the younger generation that you get good service coverage for your phone, as many people need to be on their phone to regularly receive and make calls throughout the day.

Conclusion

It’s important to always be aware of the market and monitoring to ensure you get the right value for your money.

It’s important to make sure your finances are all in order as the market is so volatile you may not have the luxury of time to arrange the money to grab a steal.

Purchasing a property is a huge decision. However, with good preparation and an open mind, it can be just as exciting.