Over the Easter weekend, many house hunters will have upped their search momentum on the property portals. Right now in the complex Brexit shaped property market there are a few golden rules.
Thea Carroll says that it’s important to consider where you might be in say ten years and think carefully about your ‘wish list’. In a slow market it’s crucial to ‘future proof’. It’s hard to plan for 2029 but thinking ahead is vital.
‘The worst house on the best street’ still rings true for investment purposes. Looking for something in an up and coming location which is benefiting from new openings will be a good way to ensure a good return when you come to sell.
More than eight out of ten Londoners would prefer to buy something that they can put their mark on according to Jackson Stops. It’s important to carefully plan out the costs and consider the energy involved. Thea says; ‘Gone are the days that you can buy a run down house or flat and expect the appreciation to outweigh your spend on the renovation and taxes a year or two later. Keep a very close eye on your spending’.
Established parts of London tend to react to confidence levels – however regenerations zones are different. Regeneration areas such as Walthamstow and Old Oak Common are worth keeping an eye on.
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