As most real estate agents will tell you – and rightly so – buying property in Bath is currently considered to be one of the safest investments you can make. Consider that even in times of economic crisis, the local real estate market in this city continued its steady rise, no doubt to its close proximity to London and a great number of people who work in the capital city, but wish to live in a more peaceful, affordable area.
However, there are still a number of things that can go wrong when you invest in property in Bath. Most of them become apparent only too late, which is why you should pay extra attention to any tale-tell signs during your search for the ideal home.
When You’re Inside the Property:
A home may have had a recent makeover that made it more attractive, but this doesn’t mean that there aren’t any hidden, underlying issues still present. To rule out any exorbitant post-purchase expenses, look around the property carefully while you’re still inside.
For example, are there any damp areas that may be indicative of plumbing issues or mold? And speaking of plumbing, have you checked the bathrooms and toilets? Do any of the latter display weak flushing? This may be an indication of underlying issues.
Have you had the chance to turn on most lights and test some of the power outlets? Hidden faulty electrics can be quite dangerous, not to mention expensive to fix. It can be difficult to spot these issues yourself, but if you have a friend who is familiar with construction or fixes properties for a living, you can bring them with you while you view the house. You can then use their input to lower the asking price if there are any hidden issues inside the property.
When You’re Outside the Property:
Even if the inside of a house looks splendid, there might still be problems that will make you regret your purchase later down the road. The area where the property is located is one obvious example. Especially if you don’t live in Bath, it can be difficult to properly evaluate a neighborhood before you buy a home. Nevertheless, this should be one of your top priorities, because unlike with faulty electrics, you won’t be able to fix the entire surrounding area.
A few things to look out for are the nearby streets, shops, and pubs, nearby large trees that may cause subsistence problems, the (un)availability of parking, potential flooding, and difficult or noisy neighbors. Again, it can be difficult to gauge these issues when you don’t live in the area, but one way to get more specific information is to consult an estate agent in Bath.
Some estate agents, such as Pritchards, for instance, have worked with the local real estate market for several decades. They know each neighborhood inside out and can provide invaluable information about the properties of your choice. Ultimately, the more information you have, the more likely you are to make a decision that you will find satisfactory in the long term.