Acting on impulse is something shops and advertisers thrive on. It’s human nature, a reflex that's often tough to control. We’ve all been there.
It’s handy when we sense danger, less so when buying what looks like our dream home. Sadly, impulse buying a property can bring years of problems and expense.
If you're searching for your ideal property, view each visit as a chance to look closely for hidden pitfalls.
Estate agent’s details should be a source of information as well as the usual ‘delightful opportunity to acquire…’ flannel. Below are my straightforward tips to help avoid costly traps.
An expert suggested what to look out for when viewing a property
GETTYBathroom carpets
Often a clear indicator of DIY renovation done decades ago rather than professionally. Replacing outdated fittings and poor plumbing can quickly become expensive.
Oil-fired boilers
These show there’s likely no local gas connection, meaning boiler replacement every 15 years (costing around £5,000). Filling an oil tank costs roughly £1,500, and oil prices can spike dramatically.
Old, yellowing fuse boxes
Don't be fooled by new fixtures. Sometimes plugs and light switches are changed, but outdated wiring or fuse boards are left in situ.
Significant wall cracks
Small cracks are generally harmless, caused by minor ground shifts or dry weather. However, cracks wider than half a centimetre could indicate subsidence or cause damp issues. A thorough building survey might save you 10s of thousands.
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Jonathan Rolande shared his analysisJONATHAN ROLANDESingle glazing
Rapidly becoming obsolete due to strict energy regulations. Replacing old windows with double glazing will likely result in a considerable expense and it is not allowed in some older properties.
Check phone reception
No phone signal might suggest you're in a reception blackspot. Poor broadband could also lead to additional costs - around £900 in year one for a satellite internet setup.
Foam insulation in attics
Spray foam on rafters is notorious for causing moisture problems, and spooking mortgage lenders. Removal alone can set you back around £5,000.
Jonathan is the founder of House Buy Fast. For more information visit www.housebuyfast.co.uk
