How to Invest your money in property?

Buying a property may be a major decision with huge implications for your life and your finances. attempt to approach it rationally instead of making it a choice supported what you aspire to. It must be right for you at this stage in your life.

First choose right property

Start first by assessing what you would like by choosing the property type you favour. once you are briefing an agent, it’s only too easy to explain your dream home instead of what you actually need then it is often an enormous let-down once you find you’re not getting to be ready to have this ideal property. Be as realistic as possible from the outset.

One in three offers falls through and therefore the commonest reason is that the customer finds they can’t afford when buying a property that in a perfect world they’d adore. Around 25 per cent of buyers change their mind about what they need once they begin watching properties.

That adds up to tons of wasted time and energy all around. The key’s to be realistic, to know the implications of what you’re posing for (every feature comes at a price) and to line an accurate brief that won’t cause frustration and alter.

When buying a property choose a Property type

Here are three steps to deciding what property type you would like and the way to realize it.

Step one

Imagine that you simply are buying a property, and make an inventory of the features you’d search for. for several people, the list may include features such as:

  1. A double garage.

  2. A spare room for guests

  3. A hot tub.

  4. An en suite with every bedroom.

  5. A playroom.

  6. A study.

  7. This is your wants list

Step two

Now imagine that you simply are getting to be renting somewhere for a short time, and write down what you actually need. This list might include the following:

  1. A bedroom for every child.

  2. A living area was large enough for your furniture.

  3. A garage or adequate private parking.

  4. A private, secure garden where your dog can exercise.

A shared bathroom conveniently situated between two or three bedrooms.

  1. More space for storing.

  2. Potential to increase.

  3. This is your needs list.

Step three

Now, check out what properties in your bracket need to offer, and the way they might be adapted to satisfy your needs and perhaps a couple of of your wants. for instance, a wooden cabin within the garden could function as a study or playroom. you’ll be ready to slot in a bedroom for every child if a number of them are single instead of double rooms.

Also, consider the implications of the requirements and needs list for the sort of property you ought to check out.

Basic type: house, bungalow, flat, manufactured home.

Kind of house: detached, semi-detached, and terraced.

Kind of flat: ground floor, first or top floor, penthouse, converted or purpose-built.

Bedrooms: what percentage you would like, and the way many must be double.

Bathrooms/toilets: what percentage you would like.

What other rooms you need: study, lounge, kitchen/diner, separate dining room.

Garden: small, medium, large, with lawn, general condition.

Parking requirements: off-street, during a garage or carport, for a way many cars.

Consider different types of property

With your list of needs and needs as a quick, you’ll now consider which sort or sorts of property are best suited to satisfy your requirements. Keep your mind hospitable all possibilities at this stage: you’ll have pictured yourself living during a Victorian cottage when, in fact, a new-build modern home ticks more of the boxes on your list.

New trends

Private builders are often obliged to incorporate a wider range of properties, including starter homes in ‘mixed developments,’ reciprocally for receiving planning permission.

Since 2005 the govt has announced several initiatives to extend the availability of affordable housing, including support for purchasing a property first-time and key workers like nurses and teachers. Their view is predicated on: ‘A fundamentals of sustainable communities is that everybody should have the chance of an honest home at a price they will afford, during a place during which they need to measure and work

Buying a replacement property

Buying a replacement property could allow you to satisfy many of the wants on your needs and needs lists. First, developers tend to gear their properties to what the market is demanding, and also, if you become involved early enough, you’ll influence the design and layout of your new home. There are a variety of advantages to purchasing replacement property.

If you decide on a new-build property, don’t use a legal firm provided by the developer as there might be a conflict of interest. Get an independent specialist who is experienced during this area and conversant in issues like, if the property is correctly built on its plot or not.


Since 2007, lenders are nervous to lend on some new build properties. As a result, you’ll need to ante up to a 40 per cent deposit on such property until lenders have extra money for people to borrow and therefore the property market has stabilized. On the opposite hand, new builds often agitate to twenty per cent price premium over other secondhand homes, aside from character properties.

While the property market is within the doldrums, this level of premium isn’t always charged, so if you’ll afford the deposit, new builds can represent increasingly good value for money. Many new builds even have the advantage of offers when buying a property for the primary time.