London is one of the most famous capital cities in the world, a place people flock for adventure and opportunity. It is the land of plenty, and a place where it feels like anyone can make it. If you want to buy a house in London you need to know what you’re getting yourself into. It is clear that there are a lot of options for those who want to buy a home in London now.
Buying any sort of property can be difficult because there is so much to consider when doing so. This means that there are pitfalls you might experience in the process. When you are moving house you have to consider that this is a big decision, so it needs to be the right one. Here are some of the things you need to know if you are planning on buying a house in London.
London is expensive
The area you buy in is SO important
When you buy a home, the area you buy in can make a massive difference to the cost of the property. This is even more the case in London than it is anywhere else in the country. There are so many nice areas of the city, and you need to assess what zone you are looking at, as well as how you can make a sound investment for the future. Choosing the area first and then selecting the property you want might be the best way to go.
You need to avoid chains
One thing you definitely need to avoid when you are buying a home in London is getting into a chain. This is where the person you’re planning to buy from is planning to buy from someone else, who’s planning to buy from someone else, and so on. The problem with this is that you get into a scenario where you are relying on multiple people in order to ensure your sale goes through. Whether you are cash house buyers or you’re using a mortgage, you need to avoid chains like the plague because they only make the process more stressful.
You may need to move further out
It’s true that London has some key selling points as a city, but it is also pretty hard to find the right place that is within your budget. So, you may like to consider moving a little bit further out. Zone 1 and 2 are not essentials, and there are some lovely places on the edges of the city that are much more affordable, and only a short journey into the city centre.
It’s clear that London is a remarkable city, and one of the best places in the world to live. But if you are serious about buying a home in London you have to make sure you are informed and that you have considered everything before you get started. These are some of the important points to think about before you buy a property in the capital.