Posted in Guest Post, Information Article

Information Article: What Can Reduce the Value of a House?

W

hen you’re buying a house, there are a lot of things to take in, especially if this is your first property. It can be very easy to get swept up in all the processes without really understanding what is going on. But this is a dangerous approach, as it can actually end up with you paying more than you should for your home. So, what should you be looking out for to make sure you’re not paying over the odds for your property?

inspectionIt’s actually not too easy to spot some of the problems associated with houses if you’re not an expert. That is why most people opt to get in a chartered surveyor to check out the property for them. Many first time buyers believe that when the evaluation takes place, it is for their benefit as a buyer. This is not actually the case. Surveyors can also perform house evaluations, and these surveyors tend to be local. For example, if you’re buying a house in Guildford, a surveyor from Guildford will probably perform the evaluation. You should take the same approach to the survey.

Local surveyors are preferable to those from far away because they will most likely be more familiar with the types of home in the area and might know about common problems which affect the houses on your road or in your neighborhood. For example, if there is a known flooding problem in the area, the surveyor’s local knowledge will help to identify this much faster, speeding the process significantly.

If you spot anything you’re not sure about during your own viewings, you should ask the real estate agent showing you the house. Examples of things which can significantly reduce the house value include dampness or mold, which may indicate a problem with burst water pipes. Though some infrastructural problems can be fairly easy to spot, it can be missed, which is why a survey is so crucial if you are to get the best value home possible.

The key is to do your research. Look up the street or the area in the local news to find out if there have been any issues such as flooding, widespread subsidence or any bio-hazards, all of which are almost impossible to find out about otherwise, but could cause serious problems for you and your home in the long run. Essentially, if you’re not an expert, get one to help you. This initial expense could save you thousands and help prevent from having to spending too much to fix problems which could have been spotted in the buying process.

About the author:
Charlie Gibson is a property adviser who helps first time buyers
get value for money on house purchases.

Author:

Beloved KEPT Child of Jesus stumbling by faith ~ Married 30 years ~ Blessed Mama of 10 beside me & 2 at Jesus' feet ~ "Retired" homeschool mama of 22 years ~ Writer * Blogger * Reviewer ~

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