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Common pitfalls to avoid when buying a property in Cumbria

by Kanne

Buying a property in Cumbria can be daunting and complex, but with the right knowledge and preparation, it doesn’t have to be. To help you on your journey, here are some common pitfalls to avoid when buying a property in Cumbria. Be aware of the local property market. In Cumbria, property values can be influenced by the local economy, affordable housing availability, and the area’s general desirability. 

Research the local housing market to ensure you are not overpaying for a property. Ensure you have all the necessary paperwork in order. 

From your mortgage lender to the local council, there are several documents you need to provide to purchase a property. Please ensure you are familiar with the requirements of each and have them ready before you begin the process. 

Consider the location of the property carefully. There may be a great deal on a property in an area that is not desirable or has a high crime rate, which could affect its future value. Make sure you take all factors into account when choosing a location.

Here is a list of common pitfalls to avoid when buying a property

  1. Not enlisting the help of a qualified and experienced local solicitor: When buying a property, it is important to have a solicitor familiar with Cumbria’s laws and regulations. They can help you avoid legal pitfalls and ensure your purchase goes smoothly.
  2. Not getting an independent survey: Many buyers assume that the property is in good condition and don’t bother getting an independent survey. This could be a costly mistake as it might reveal hidden issues which could be expensive to repair.
  3. Not researching the area: It’s important to research before buying a property in Cumbria. Check crime rates and other local amenities to ensure the area is right for you. Experienced estate agents in Carlisle can assist you in finding the best property. 
  4. Not shopping around for a mortgage: It’s important to shop around and compare the different mortgage products to get the best deal.
  5. Not budgeting correctly: Make sure you factor in all the costs of buying a property, such as stamp duty, solicitor fees and removal costs.
  6. Not considering the long term: It’s important to consider how your circumstances may change. Consider whether the property will still suit your needs if you plan to start a family or if you want to work from home. 
  7. Not researching the local area: Researching the local area is essential. Consider the amenities and services available in the area, such as schools, transport links and shops. Don’t forget to check the crime rate and ask neighbours about their experience of living in the area. 
  8. Not getting a survey: A surveyor can spot any potential problems with a property before you buy it. This could save you a lot of money in the long run.
  9. Not checking for planning permission: Check to see if the property has the appropriate planning permission for any changes you want.
  10. Not checking for potential flooding: Cumbria is a flood-risk area, so it’s important to check for potential flooding. Look for signs of flood damage, such as damp patches and high water marks.
  11. Not checking the title deeds: The title deeds should include any covenants or other restrictions that could affect your use of the property. Read through them carefully before you commit to buying a property.

Final Thoughts 

When buying a property in Cumbria, it is important to be aware of common pitfalls that could lead to costly mistakes. Researching the local market and the surrounding area is essential to ensure the property meets your needs and budget. Understanding the local planning regulations and any potential environmental issues that may affect the area is important. Furthermore, it is also important to be aware of any hidden fees or costs associated with purchasing the property and obtain a survey to evaluate any potential issues with the building. It is important to be aware of any potential restrictions that may affect the sale of the property. Following these steps will help to ensure a smooth and successful process when buying a property in Cumbria.

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