Tips for First-Time Buyers
First step on the property ladder rocked by noisy neighbours
Expert advice from James Molloy
“Buyers should feel confident about the investment they are making. It is important to take time to investigate the area surrounding the property as well as the structure itself. Simple legal and structural checks not only give peace of mind, but could also avoid costly surprises.”
The AA Legal Lowdown
- Take your time – Buying a new home is one of the biggest decisions you will ever make. Do some research of the area and check out local facilities, council tax and local development plans.
- Seek Independent Advice – Estate agents and their allied service providers may not provide the most comprehensive, independent advice. Look for independent advice, shop around for it and ask questions.
- Don’t Cut Corners – Ensuring your property has been comprehensively surveyed could save you costs in the long run – if a structural fault is discovered, you walk away only losing the service cost!
- Look into the Costs before Completion – In the time you have before finalising sale, investigate quotes for insurance and any work that might need doing.
Safe as Houses Facts
- One in five young homeowners fail to carry out any basic assessments of their property before agreeing to buy it.
- Only 21% of homeowners take the time to shop around for an insurance quote.
- Less than one in three new home owners seek an independent structural survey before buying.
- Two thirds of new homeowners find costly surprises in their first year because they do not carry out simple checks.
- 66% fall victim to unexpected problems in their first year as homeowners.