September 15, 2016

A Brief Guide to Buying a property in Surrey

Surrey – in terms of property prices and the popularity of property in the area – is a highly sought after location, whether you are buying, selling, renting or letting. As one of the most desirable counties to buy property in the UK, it is home to many of the country’s rich and famous. These include singer Rick Astley, much-loved actor Sir Michael Caine and former BGT judge Amanda Holden among other wealthy and influential celebrities.

Buying a property in Surrey
It is popular because of its proximity to London, but also because it allows people to escape the urban hustle and bustle and live in rural idyll without being isolated in relatively the middle of nowhere. So, what do you need to know about buying a house in Surrey?

It can be Expensive

Property prices are, on average, significantly higher than the rest of the country. The South East, in general, is an expensive place to buy, so your money isn’t going to go as far as it might elsewhere in the country. Be prepared to compromise on some of the things you want. Can you do without a spare bedroom or a smaller garden? Do you need a garage, or could you even downsize to a flat?

Does the Community Fit the Bill?

Another thing to consider is that lots of parts of Surrey are frequented by commuters, with others being more solid communities. Generally, the bigger towns closer to London will be full of younger city workers who may not spend a lot of time in their home, so this isn’t for you if you like the community spirit associated with your hometown. Settling down in one of the smaller villages has its benefits when thinking about avoiding the commuters rush on their way to London. Unfortunately, village properties tend to be more expensive in Surrey and it can be hard to get anywhere in a hurry unless you’re well versed in driving across the county.

Getting a Professional Local Opinion

Once you have found a property you are interested in, it is crucial that you find yourself a local chartered surveyor to look out for anything about the property which might affect its market value now or in the near future. For instance, if you are looking in Redhill, opt for a Redhill surveyor who will have a knowledge of the potential problems with the houses in the area and will know exactly what they are looking for.

It’s important that any flaws are spotted at this stage so that you don’t end up paying more than the market value of the property when there are lots of issues you will need to fork out to fix. If a price looks too good to be true, you may have a good reason to be suspicious. A detailed survey and follow-up report may bring to light any major defects lurking beneath a good-looking surface and this is always recommended, particularly if you are investing a larger sum of money into a Surrey property.

It is essential that you remember the average price for a similar property in the Surrey area, and that you are not tempted into trying to get a good deal by making a quick offer on a cheaper property. Of course, if you are in the market for a ‘fixer-upper’ you’ll need to have a number of surveys conducted either way so that you can get an estimate of any and all work needed to bring the property up to shape.

Whether you’re buying your first home after scrimping and scrounging for many years, or you are planning on turning a profit by fixing up an old house, it simply makes sense to get a detailed report from a professional, local surveyor. Don’t get burnt by the cut-throat Surrey property market and do your research beforehand. A chartered, local surveyor will help provide you with all the extra relevant information you need.

Article provided by Sara Bryant, an independent content writer working alongside a selection of companies including Brian Gale Surveyors, who were consulted over this post.