Over a third of home buyers then went on to discover electrical problems that they were not aware of before purchase – something that could easily be avoided by getting a registered electrician to inspect the electrics and issue an Electrical Installation Condition Report.
Top Tips for Home Buyers
- Make sure you know what you can afford – Speak to the bank first. It’s easy to get carried away looking for that dream property but make sure you can afford it first by getting an ‘Agreement in Principle’ from your bank
- Check out the neighbourhood – Make sure you investigate where you are buying thoroughly, you can find out crime levels to school results simply by punching in the postcode but nothing beats visiting the neighbourhood on foot to get a feel for the area
- Budget, budget, budget – there are lots of additional costs a first time buyer might not be aware of such as legal fees, stamp duty, surveys and other technical reports such as an Electrical Installation Condition Report. Don’t get tripped up by not being prepared!
- Don’t be fooled by staging – Cleverly placed mirrors, strategic lighting, manicured gardens and fresh paint are all ways sellers are able to make their home seem more appealing
- The devil is in the detail – When viewing a property, make sure you check for any obvious issues such as damp, mould or cracks in the walls but don’t overlook potential hidden dangers like old or faulty wiring which can be dangerous and expensive to repair. Download Electrical Safety First’s ‘Home electrical safety check’ app to help you identify any visible electrical issues
- Don’t save on safety – Once an offer has been made, make sure you have a survey done of the property to uncover any issues you may not have spotted yourself but which could come with significant costs; the survey can often give you ammunition to negotiate the price of a property
- Check the electrics – A survey will not inspect the state of the electrics, so make sure you have an Electrical Installation Condition Report done to ensure your new home is safe and you aren’t left holding the bill; a full rewiring can run into thousands of pounds