Location and Property Type
Clearly this will be determined by your own personal preferences and the purpose for which you intend to buy the property. In most cases people buy property as a family home but increasingly people are looking for second homes or to enter the buy-to-let property market. In all cases, location is one of the key criteria. A city apartment is ideally suited to someone single or a young couple whereas families tend to look for larger suburban homes with a garden. Other driving factors will include: how far you are prepared to commute to work; the availability and location of local schooling; historical property values and performance in the area; local cost of living (for example living costs in Greater London are vastly higher than those in many parts of rural England; and of course personal preference. Buying a property is an entirely subjective exercise: one person�s dream home is another�s nightmare.

Property Condition
Whilst there is an explosive growth in the home renovation industry, spurred on by endless TV programmes, you need to be realistic about both budget and your own time and skills. Budget is particularly important as many mortgage lenders may withhold some element of the funding subject to the completion of any renovation work required. Unless you personally have the capital to fund the work, you may find yourself facing cashflow difficulties as a result. You should be equally honest about the potential value of the property once renovated. There is little in the way of public domain figures but it is believed that many personal property renovations for investment purposes fall far short of their original profit targets. This is usually due to a combination of under estimating the costs of renovation together with over-optimism regarding resale values. If the likely margin appears thin, decide why you are really buying!

Timing
It generally takes about three months to find a piece of property and get your offer accepted. It takes about a month to confirm a mortgage. It then takes another month to exchange contracts and two to four weeks to complete the process after that.

Your Budget
Carefully determine how much you can spend for the property. You will need funds for stamp duty; a solicitor; a surveyor; land registry fees; local authority searches; a removal company; and any work on the property that the surveyor or mortgage provider requires. Buying property is invariably more expensive than you anticipate, so you should overestimate the costs by 10 to 20%.

Remember, after buying the property, you will have to pay the mortgage; buildings and content insurance; life assurance; council tax; maintenance costs; utility bills and, if a leasehold property, service charges.

The Mortgage
If you have an existing mortgage it is usually worth checking with your lender as to any loyalty deals they may be willing to offer you in return for staying with them as you move to your new property. Always check any financial penalties you may have to pay as a result of a previous fixed rate or discounted rate deal on your current mortgage if you have not reached the end of the penalty period. You will need to add these to your calculations. It is usually worth finding and using the services of a reputable Independent Financial Advisor (IFA) in order to save a lot of shopping around. There are also a great many mortgage publications which allow you to compare the offers from various lenders including the range of different mortgage types and terms available. When you decide on your lender, get a provisional offer in writing because this makes you more attractive as a buyer to have proof that you can pay for the property.

The Search
The internet is now a rich source of properties for sale. At classifieds.co.uk we have a large selection of properties of all types. In addition, you will find a number of specialist property sites which allow you to search by location, property type etc. Don�t forget to register with the estate agents in your target location. This will ensure that you don�t miss out on new properties which may take a few days to find their way onto the agents� websites. Also look in the local papers.

If you are aiming to buy a property for renovation or for buy-to-let, there are a number of specialist publications for these markets which include advertised properties. There are also a number of auction companies who are engaged to dispose of properties repossessed by mortgage lenders.

Conclusion
For most of us, this is the single biggest financial commitment we will make so do be honest with yourself regarding affordability: particularly if you are considering a renovation project. Shop around for the mortgage and be prepared for a long haul. With some careful planning and a lot of patience, you should be able to find that dream home.



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Classified Ad Results  ( 1 to 20 of 325 ads found )
03 July 2009
Gough road, sparkhill - midland housing ltd is proud to present this two bedroom mid-terraced property to let in the sparkhill area of birmingham. it consists of two reception rooms, a fitted kitchen and a first floor bathroom. the property benefits from gas central he. .
£475
B11
Oakfield road, sparkhill - midland housing ltd is pleased to present this large six bedroom house. it consists of a fitted kitchen, lounge and first floor bathroom. the property also has a ground floor shower room and is fully furnished. it benefits from gas central he. .
£1,000
B11
2 bed 7th floor flat enfield en3 2 double bedroom flat in enfield on quiet estate. 12 storey block with 2 lifts, garages and car park. recently modernised, new double glazing, balconies and cladding. under floor heating, new intercom system with cctv screen in flat. .
£81
EN3
02 July 2009
Applesham close, sparkhill - midland housing ltd is proud to present this three bedroom semi detached property located in the sparkhill area, closely situated to all amenities and transport links into the city centre. the house consists of two spacious reception rooms,. .
£550
B11
Albert road, stechford - midland housing ltd is pleased to present this three bedroom first floor flat, located in the stechford area. the property consists of a very large lounge, modern fitted kitchen and is unfurnished. it benefits from gas central heating and is fu. .
£550
B33
I have a double room available for rent. it has been refurbished, the cooker and washing machine replaced and the bathroom retiled. bills included are the council tax, water and service charge, you jus pay a share of the gas and electricity. 2mins from dlr station and . .
£90
E1
Urban gate, dallas road - midland housing ltd is delighted to present this two bedroom first floor flat to let. it consists of a first floor bathroom and an ensuite in the main bedroom. the property has a large lounge and a fitted kitchen. it benefits from a security i. .
£575
B23
fantastic ftb opportunity to purchase 50% share of very light & spacious 2 bed apartment. this second floor property comprises of entrance hall with handy full height storage cupboard; 2 good size bedrooms; open plan living/dining room; kitchen with fitted units. .
£51,500
YO8
01 July 2009
We believe we may be able to help you find a tenant for your property. we use national property advertising websites to market our properties, this is covered by 85% of prospective tenants who are looking to rent. which means that your tenant searches are dramatically. .
CM2
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NW1
Wide range of rooms and 1 / 2 & 3 bed apartments available in various areas of coventry mainly coundon in 1 the limes, coundon house drive off southbank rd, coundon, coventry, cv6 1ey and the city centre in priory place development or lower ford street in the city . .
£350
CV6
A furnished office within a suite of offices, suitable for 1 or 2 persons light and airy, quiet road, surrounded by all local facilities, restaurants, bars, theatre and shops. 13ft x 8. 8ft (400cm x 270cm)(114sqft). kitchen and cloakroom facilities, excellent security. .
£200
WC2B
A furnished office within a suite of offices, suitable for 1 or 2 persons light and airy, quiet road, surrounded by all local facilities, restaurants, bars, theatre and shops. 16ft x 10ft (473cm x 300cm)(160sqft). kitchen and cloakroom facilities, excellent security. .
£225
WC2B
30 June 2009
Findon road, ward end - midland housing ltd is very pleased to present this three bedroom mid-terraced property to let in the ward end area of birmingham. it consists of a ground floor bathroom, first floor w. c and an ensuite in the main bedroom. the property has a fit. .
£550
B36
Double room to let in a clean tidy flat near ucl (from starting of august), just one minute walk from warren street station / euston square station and 5 minute walk from euston station very excellent location. shared kitchen and bathroom with a single professional bac. .
NW1
29 June 2009
I have a large postgrad en-suite room available in the self contained foundry building in woodgate street. circumstances have dictated that my son no longer requires the room, therefore i need a student to take over the teanacy. the room is one of six in an apartment t. .
£95
LE11
Rooms in basildon. includes. • all bills • furniture • washing machine • parking stebbings, laindon rokells, basildon town center helpeston, basildon town chichester close, basildon gordon road, basildon rooms from £260 sin. .
£260
SS15
3 bedrooms, large decking, air-conditioning, satellite tv, washing machine, decking furniture, great neighbours. ready to move in. greatly reduced price of 29,900 gbp ono. see www. dunbavin. me. uk tel: 0044 1332 510993 or 0044 7814 582403 email: holiday. home@hotmai. .
£29,900
DE1
28 June 2009
2 bedroom mews house 5 min sea small courtyard garden for more info phone 020 8640 7952 or email some school holidaysdates available,email for photes.
£270
PO21
If you are interested in buying/ selling/ letting /renovating or constructing properties in pakistan,please feel free to contact us for better services waseem khan ghandhara estate off#10,1-y crecent plaza,f-10 markaz,islamabad,pakistan 0092-51-2211627,2211628 mobile 0. .
HD1
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