Property Review - October 2024
Thank you Howard Davis for writing this article. Howard is Managing Directory of Howard Independent East Agents.
Be a Better Buyer
Howard explains how to choose the perfect future dream home and win in the house-buying stakes.
You don’t buy a dream home, you make a dream home. At best you buy someone else’s dream and then change it to fit your best vision. Ten-out-of-ten houses are the unicorns of property. Even those who have custom-built their homes discover there are things they should have done differently. For buyers a nine is best, good is an eight and seven might be OK. If you accept this truth you are on the way to becoming a better buyer.
So embrace the not quite right and then put it right.
Celebrate hideous, badly replaced windows, for in time you will replace them properly, improving insulation, reducing energy bills and, with the correct style, increasing the property’s value. Delight in an overgrown jungle of a garden that’s putting perfectionist buyers off and keeping the value down, and pick up your spade. It won’t be an instant value gain but given time it will be - and think of the mental and physical benefits you will gain on the way.
Sniff out the improvers, those properties that will become more valuable because of schools Ofsted is noticing for the right reasons. Understand how future planning will affect local areas for better or worse and choose neighbourhoods that will become more popular and, in turn, gain value.
Be patient. It is generally taking far too long to transact property, so dig in for the long haul by selecting well and accepting there will be bumps along the way.
Be prepared. When that perfect imperfect house becomes available, be ready to seize the opportunity. Have your finances in order, a buyer lined up, and a complete chain if necessary. Make it hard for a serious seller to refuse your reasonable proposal.
Don’t judge the book by the cover. That house with the ideal interior for you but ghastly frontage may not make you happy. But what if a good local architect could transform that elevation into a handsome head-turner that turns a five out of ten into a nine out of ten?
Learn to love your estate agent. They already know all those things you need to find out.
Looking for a new place to live needn’t be a chore or a lottery. But it is a campaign with a dream at the end - home.
