95% of property purchases are driven by emotions, and British buyers are willing to pay around £16,000 more for a property they love.
Buying a property through emotion is not the best way to decide on which property to purchase and the fear of missing out (FOMO) can drive buying habits, resulting in overlooking important details and cause unnecessary overspending.
Getting advice from a trusted expert is very important. Engaging with a surveyor and investing in a pre-acquisition survey can help to take a less emotional look at the property and keep you focused on what the property is worth.
What to look out for when purchasing a home?
Each vendor will have their own way of selling the property to you. That could be through highlighting the properties best bits, showing you a potential lifestyle, or even removing their personal items and furniture so it is easier to imagine yourself living there.
It is very important to remember not to get caught up in ‘their story’ and focus on the things that matter to you as a buyer. You may need to amend your expectations by compromising on your wish list or be willing to take on minor renovations and cosmetic work to make a property your dream home or appeal to the rental market.
Even when you have purchased the property you can still feel a lot of anxiety. You may ask yourself whether you paid too much, discover issues that were missed when viewing, therefore, carrying out a detailed home buyer report or building survey before you purchase a property will help to alleviate some of those anxieties. The RICS home purchase suite of surveys will highlight any serious issues and reduce the risk of any problems when you move in.
Mace Davies carry out comprehensive range of domestic surveys. For all your surveying needs, contact Chris at Mace Davies.