We all know that the London housing market is one of the most volatile and expensive in the world. If you’re thinking of splashing your cash on a home here, there are a few things you’ll want to make sure you’re in the know on. In this article, we’ll be taking you through what you need to know when buying a home here.
Planning out the commute that you would need to make to a new home will help you to realise if it’s a feasible journey. Depending on the location of your home and work, this could end up being costly and very time consuming. While you may initially feel like this would be manageable, you don’t want to find out that it’s not until you actually move.
Take a test run from the home to the office during peak times. This will show you what your average day will look like. If it’s overly stressful or takes a lot of time out of your day, then you won’t want to keep this up in the long run.
If you or a person that you plan on living with has additional needs, then the accessibility of the home is also very important. This will play a big role in the choice of home that you buy, as you ideally want to get one in which this work has already been taken care of. Not every home has the potential to be made accessible, as building restrictions can make this trickier to deal with. Mobility Plus recommend a range of different options to make the average bathroom safer. These include rails, non-slip tiles and more. These can make the bathroom safer and more accessible for those that may have additional needs.
No one wants to be far from amenities, especially in the capital! Make sure the homes that you view have good transport links, nearby stores and places to go too. You may also want to consider the schools in the area to ensure that they would be appropriate for your children. Parking in London is always at a premium, so consider where you will leave your car too – as this could incur an additional expense.
Take time to note down the amenities that you visit most often in your current location. These could be bars, restaurants or even cinemas – if you visit them often then you might not want to live too far away from them in future. You can also discover new activities and things to do in your new area too.
You also want to be aware of the kind of area that you’re moving into. Take a look into crime statistics and the reputation of the area first and foremost. London is a relatively safe city, but there can be areas in which you wouldn’t want to live.
Do your research to ensure that you’re purchasing a home in an area in which you’ll feel safe. You don’t want to discover that the home was cheaper because it’s in a bad area after you’ve already bought it! Ask those that live in different areas their perception of where you want to live. The person selling the home won’t tell you all of the ins and outs of the area, but others that live in London might be able to tip you off.
Buying a home in London can be costly and time consuming, but it’s well worth the hassle. Take these factors into account if you want to get the right home for you.