Why You Need a Pre-Purchase Property Inspection

Many people look forward to owning their own homes. As with other investments, buying a home comes with risks and thus necessary for prospective owners to find whether it is worth the money. Hiring a pre-purchase property inspector will help determine if the property is safe and if it has any defects. Identify Common Defects Common defects found in previously owned houses are insect infestation, mixed plumbing, foundation cracks, faulty air conditioning compressor, chimney separation, leaky pipes, aluminium wiring and so much more. It is…

First-time buyers take 30 years

It’s hard to not feel sympathy for first-time buyers. After all, house prices have been on an upward trajectory since 2008, with prices rising by 6.3% across the UK last year, and by 19.3% in London. On top of this, House of Commons research commissioned by Labour MP Tessa Jowell, has found that first-time buyers in some parts of the capital have to save for over 30 years before they can afford their own home. The data also found that somewhat unsurprisingly, Kensington and Chelsea…

Here are 5 costs vendors will have to stump up when selling a home

Selling your home can cost more than you initially realise so it’s important to be prepared. Moving home is one of the most stressful events – not least because it takes time to choose a property and sort out all of the legal stuff. And the deal can, unfortunately always fall through due the dreaded chain effect. Here are a few costs you’ll need to stump up when buying your property from Paramount Properties, an estate agents in West Hampstead: Estate agent fees These fees…