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Hints + Tips

Buying a property is probably the most important investment you will ever make! We provide an in depth quick and affordable property report so that you get the house you’ve always wanted.

 

There are three essential factors in becoming a successful property owner:

Increasing your return on investment.

When considering a property think longer term! If you consider moving again with a three to five year period you are likely to decrease your overall return on investment as you will forced to pay stamp duty land tax (SDLT) which is calculated as a value percentage of the property. Don’t forget that you will also have pay for additional moving costs such as solicitors, estate agents and logistics.

Location, location, location

Don’t get caught up with the ‘picture perfect’ aesthetics of the property and instead try to view it as a long term investment. Sometimes getting into the right area with a property that needs ‘work’ is more beneficial in the long run. Also consider the return on investment potential – how is the property likely to increase in value e.g. is it extendable?, how has it increased in value over the past several years? etc.

Finding the right fit as family changes.

Sounds obvious but as your family evolves your needs change so it is important to consider your future plans such as bedroom sizes and location to both primary and secondary schools. Future proofing your property and its location will save you the cost and hassle of moving every time.

The Savvy Blog

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