Page 33 - ESPC Magazine - September2021

EXPERT ADVICE DREAM HOMES

THE IMPORTANCE OF RESEARCH ESCAPE TO THE COUNTRYSIDE

WHEN BUYING A HOME If a relocation to the tranquillity of the Borders sparks joy for you,
this property might be just perfect.
First time buyer? For most of us, purchasing a property is one of the biggest expenses we’ll ever
have, so it’s imperative to do proper research before you get started. Graeme Mackay, Marketing
Director at Mov8, has shared his expert insights into everything you need to research before
taking the property plunge.

STEP ONE: UNDERSTANDING YOUR Research the other costs that will arise,
BUDGET such as LBTT, insurance, estate agency or
The cost of your property will depend on legal fees and removals to finalise your total
the location and property type, but also budget.
the condition of the market. It’s important
to research the market in the area you’re STEP TWO: FINDING YOUR AREA
planning to live in, to help you understand Deciding where you want to live is usually
how competitive the market will be. based on several factors, including budget.
List the factors that are important to you and
If you need a mortgage, you’ll need to find score them in order of significance; some
out how much you can borrow before you sacrifices and compromises may have to be
lose your heart to a property you can’t afford. made. Consider things like transport links,
You can use an online mortgage calculator schools, green space, amenities and lifestyle,
to get an indication based on affordability, and research these for every area you’re
as well as the latest interest rates, or you can contemplating.
consult an independent mortgage adviser.
STEP THREE: CHOOSE YOUR PROPERTY
What kind of property do you want to buy - a
flat or a house? Period property or new-build?
Think about how many rooms you need, and
how close to amenities it needs to be. Do you
want a garden or a parking space? If the area
is near water, has there been recent flooding?
How much is the council tax?

Sign up for alerts with estate agents and
property portals, so that you can be first in
the queue for a property that matches your
requirements. Get acquainted with property
websites like ESPC to browse photos, read
Home Reports and arrange viewings, which will
all help you to become more informed about
both your ideal location and property type.

For more information and advice from
Mov8, visit mov8realestate.com or call
0345 646 0208.

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