Where to buy property 3 – local issues to consider
In earlier posts in this series, I suggested that you focus your search for property by geography then by broader amenities. Now look at local issues.
Again I start with some science – geology. The area may be overall one type of subsoil and rock but there are always local variations. Near our house is a very prestigious area built on sand. I remember one house with enormous settlement problems – it had to be underpinned at great expense. The house was built where two soil types met. It wasn’t new – it had been standing for at least 60 years when this happened. If there are such issues in your chosen area, you need to know where to avoid. Continue reading
Where to buy property 2
We’ve dealt with the big question – where in general terms do you want to buy. Now to more local issues. Once you have decided on the area, look at local facilities. Continue reading
Where to buy property
One of my interests has long been property – I have always managed to buy and sell houses well even in a difficult market. So for those looking for their own home or wanting to start a property portfolio to generate the famed passive income, what are the pitfalls to avoid and the things to go for? After all the house-buying season is approaching so best to be prepared!
First things first. Geography. Eh? Yup, the big thing about houses is that you can’t move them. If you could, they would be called something else – tents, caravans, RVs, boats or whatever. So whether you are thinking of a small starter house, an apartment, a mansion or an apartment block, it is crucial where you buy ‘cos it can’t be moved. You can redecorate, rebuild, turn the house upside down, back to front, inside out (the bedroom would be rather chilly) or any combination but you can’t change the plot of land on which it sits. You’re stuck with that. Continue reading
