Buyers' Guide for Right Choice

Tips For Buying Or Investing in a Flat
When you decide to purchase a flat or a house, you are likely to spend service charge  which can add up to thousands of dollars and pounds and a many other problems arises if you don't check out the leasehold agreement.
Following steps will help you to make the right decision in right time: -

1. Check out the neighbours! and neighbouring environments


2. Whether car parking facility there or not?
Is the parking for cars is free of cost and adequate places are there or allocated separately for each flats or apartments?

3. Can you secure a mortgage on the flat?
Whether a secured or mortgage liability is entrusted with the property or flat or not that to be judged properly? If the mortgage valuation is there the value of mortgage to be considered.



4. Whether the flat or apartment is a leasehold property?
If it is leased property then who has taken the lease and the period of lease to be considered.

5. What are the major works to be done?
Whenever, you buy a house, it is the normal right that anyone buying a property would engage a surveyor to make sure the home is in good order and conditions.

6. Leasehold property Terms
The terms of  the leasehold is to be checked carefully. How many years are remaining? It is important that  70+ years required to secure sound mortgage rate.

7. Leasehold  property restrictions
All leasehold agreements normally have some restrictions on the way you live so restrictions if any that should be properly checked before buying.

8. What are the past, current and future rental and other service charges?
The statement of rentals and service charges bills are to be checked thoroughly so that there must not be any illegal billing or demands pending over the past and increasing in future bill. Before buying all the things are very important.

9. Quality of walls and floors
All new flats have to observe strictly the sound proofing regulations regarding floors and walls and there must be a checking to find out how walls and floors are  well insulated.