Single-family homes: beware of impulse buying
The craze for homes with gardens has been growing since confinement.here’s what to consider before committing.
What is the first step? Laurent Vimont.To be aware of the real estate prices in the area where the property is located is essential to be sure that this acquisition is compatible with your budget. In the new as in the old, the purchase of an individual house should not be decided at any price, nor on a whim. Also get in touch with your bank to know the conditions of loan that it could grant you.
Which of the various location criteria are essential? With children, day-care centres, schools and high schools in the vicinity are compulsory, but proximity to a hospital is also important. Other advantages: shops are close enough and there is a good public transport service. Otherwise, you will have to take fuel costs into account when drawing up your budget.
Maintain a financial reserve for unexpected expenses.
When visiting the property, check the roof and roof structure to avoid unpleasant surprises and costly repairs. Ask to go into the attic to look at the roof insulation, as this is the main source of heat loss. Look at the walls and facades for cracks and moisture. Look at the condition of the floors and ceilings. Ask for information about heating (including the boiler), plumbing and electrical equipment, as well as documents relating to their maintenance.
What other elements should not be overlooked? Unlike in a co-ownership, you will be responsible for maintaining the exterior parts of the house in good condition: garden, terrace, fence, hedge or gate. Be careful: depending on the work planned, you will need to ask for permission from the town hall. In any case, it is better to be a do-it-yourselfer. Keep a financial reserve for unforeseen expenses, which are much more frequent in a house. And don’t forget to check whether there is a right of way, and its implications if necessary.