Offering the latest residential and commercial property management news, guides, resources and advice.
A house that has just been built will have its own requirements a buyer must consider. This article covers things to keep an eye out for and is designed to help buyers maximize their investment from the start.
The buy to let market is always growing in the UK these days so making sure to understand this opportunity is crucial for those who want to make the most of their property investment money.
Knowing how to view a potential rental property is the first step to becoming a savvy and responsible tenant any landlord would love to rent to. Here is how to evaluate any rental one encounters on the market today.
Home · First Time Buyers
Continue reading 30.07.2010. 07:23
All builders should offer some form of warranty on a newly constructed house, the same way that a new car or appliance will come with a warranty. A warranty is simply a guarantee as to the quality and safety of the house itself. The majority of new houses in the UK are covered by a 10 year Buildmark warranty from the National House Building Council and this comes with insurance. There are other builders who choose different warranty providers, but if you choose one of those builders be sure to get the details of that warranty up front. If one is ever in doubt about a specific builder, check their reputation by asking to speak with some of their previous customers to get an idea of what the houses they build end up like. The longer the house has been built, the more valuable that customers feed back will be to a potential buyer.
Checking how well a house meets the new Code for Sustainable Homes is very important to all those buying new houses in the UK. Each home built will now have a rating and what that rating will show is not only the impact that the house will have on the environment of the UK, but also the costs that it will incur to keep it operating at a normal level. Be sure to review this information to understand all aspects of the house.
Once the exchange of contracts has taken place, be sure to ask the solicitor for a copy of the warranty documents and read them with care. Check the house once again for any potential defects and never move in until construction is 100% complete.