With the continuous development of society, more and more overseas people choose to buy real estate in the UK. However, many buyers often fall into some misunderstandings during the process, resulting in their failure to buy the right property.So, what are the common misunderstandings when buying UK property?Next, the editor of British Real Estate will give you a brief introduction.
1. Are second-hand houses more cost-effective than new ones?#{ 3}
Many buyers believe that buying a second-hand house is more cost-effective than buying a new one, but is this really the case?In fact, this is not the case.Although the price of second-hand houses are relatively low, most houses are relatively old and many facilities are imperfect and require buyers to repair them themselves. The cost of these renovations often exceeds £50,000, which is a considerable expense.
In fact, buying a new home or a second-hand home each has its own advantages and disadvantages, which mainly depends on the buyer's personal preferences and needs. Simply using price as the only criterion is not comprehensive and accurate enough.
#{8 } 2. Is there any danger in investing in off-plan property?Many buyers are not optimistic about off-plan properties. They believe that the advantages of off-plan properties are not as good as those of existing homes, because off-plan properties are not immediately available. Moreover, some buyers don't want to wait months or even years to get a rental return. But in fact, there are many benefits to buying off-plan properties. First of all, the quality is guaranteed. Secondly, developers usually provide promotional offers, so that buyers can get more value, and it also allows buyers to have sufficient time to prepare funds. .
