For most people, the family home is both their greatest asset and largest investment. Choosing that home is likely to be one of the hardest decisions of your life and yet many people still enter into transactions without being fully aware of what they are buying.
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The difficulty for first time buyers goes on as deposits of over £50,000 on average are still being demanding to get on the property ladder. Worrying news for first time buyers, but is anything being done and should the rest of us be concerned?
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Barratt Developments chief executive has stated that the off plan purchasing of new properties is again on the rise. This is most predominant in London and the South East.
Barratt Developments, Britains biggest New Home developer issued a formal “Trading update”. It noted that the company ghas been buying land again since mid 2009 and that the number of reservations of new homes was up as well as an average increase in achieved prices of 4%. (This can of course be partly due to a change in the mix of units that has come on line.)
It will be interesting if this activity is reflected in the announcements of Britains other major house builders over the coming weeks.
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15th January, 2010
An interesting article explaining some of the ways an Independent Chartered Surveyor may be able to help you has been written by a member of the propertysurveying.co.uk team. This lists the work undertaken from building surveys to valuation work as well as the less common party wall, expert witness, retrospective valuations and other related work undertaken by multi discipline professional independent chartered surveyors. Read more here
The Royal Institution of Chartered Surveyors has launched a new survey report, designed to focus on the needs of the consumer with clear, simple and easy-to-follow information about the condition of a property.
Concise and user-friendly, the new HomeBuyer Report reflects changes in the home buying and selling process, assisting the purchaser in their decision by reporting on a property’s condition, value, need for repairs and replacements, and what further advice is required before exchanging contracts.
The best way to contact a local surveyor in England or Wales is to visit our main site:
There are always niggling questions in the back of your mind when embarking on the purchase of a new house, one of which is Council Tax.
Questions like: How are Council tax levels set? What is Council Tax?
Read our article Council Tax Explained