Over the latter few years the property boom and the affluent housing market in the UK has meant that many people have over stretched themselves when they have bought their dream home. The market which appeared to be rocketing has now left many peoples bubbles burst, as they are now left with houses that are no longer going up in value and even worse, they have stretched themselves to a rate which means that they are now facing negative equity within their homes. For people who still have the fortune to be able to get themselves a mortgage they are faced with the prospect of a housing market which is at the very best stale, which also means that they no longer have the pick of houses that once were for sale. Many people are now finding that renting a property is the better option, rather than risking it all to buy, only to find that in the long term the house is not what they are actually looking for. Before any house buy always get a solicitors and a conveyancing quote.
There are a number of things that you should also consider when buying a house, other than the fact that you are getting a good deal on the house you are bidding on, such as:
Always take into consideration the council tax band your home is in, this will not only have an impact on your budget, but the higher the banding the more you are likely to pay in water bills also.
If you are opting to buy a big house, then you may want to ask the current owner the amount that they are currently paying on their gas and electric.
If your home has no drive way, then check out the parking outside of the property, if your prospective home is near a school or nursery, then you may find that you have trouble parking at certain times of the day.
Always take time to carefully consider all of your options in the housing market, before jumping in feet first.