Buying a new home is always a massive investment. For most people it’s the biggest investment they’ll make so it’s one that needs a lot of consideration. Unfortunately many new buyers get distracted by superficial things when purchasing a new home and don’t consider more practical things such as the home’s structure, build quality etc. A recent article on thisismoney.co.uk points out this very thing and offers some excellent advice to new buyers. Read the full article by clicking the headline.

 

Don’t get caught out by a home-buying time bomb

 

When you’re buying a new house, it’s all too easy to get seduced by the look and feel of the place  – and ignore the ‘shabby-chic’ brickwork or gurgling sounds coming from the boiler.

But new research by the Royal Institution of Chartered Surveyors (RICS) has revealed the shocking truth: Many buyers are unknowingly setting themselves up for an average £5,750 in repair bills on their new home, thanks to whole range of hidden problems such as structural defects, rot and subsidence.

As Peter Bolton King, of RICS, points out: ‘A general lack of understanding about the home buying process is putting many at increased risk because they are not taking out independent, expert advice.

 

Source: http://www.thisismoney.co.uk/

 

In a similar article on the express’s website, there is a lot of information on what new home buyers should should look for and the right questions to ask. Read the full article on the express website by clicking the headline.

 

Do your homework to make a good move: How to buy the right property

 

BUYING a new home is probably the biggest single purchase you will make so it’s worth taking time to get it right. If you’re house hunting this spring, here are 10 questions you must ask. Otherwise you might get a nasty surprise later.

HOW MUCH CAN I AFFORD?

YOUR first step is to work out how much you can afford to pay, says Ashley Brown, director at mortgage broker Moneysprite.

 “That way you won’t waste everybody’s time visiting properties you can’t afford.

 

Source: http://www.express.co.uk

 

There’s no doubt that buying a new home should be done with great caution. It’s too easy to purchase a home and then later be landed with costly repair bills. By reading through the articles suggested here you should have a much better idea of what to look out for when buying a home. Keep checking back for more updates relating to subsidence and subsidence insurance.