Friends and Money Blog

Tuesday, 15 January 2008

Save Yourself Thousands Before You Buy a Property

I want to reveal a relatively new but superb money saving tool that could save property owners or buy to let landlords, thousands of pounds in extra costs such as insurance premiums, house devaluation etc. If you’re think of buying a house or looking to move home please read this money saving tip first!

http://www.homecheck.co.uk/ is a website that is designed to help make potential buyers aware of environmental or planning risks BEFORE they buy a property. Those of you who have ever bought a property only to subsequently discover a major planning application was not picked up by the land search survey, or that you were in fact right in the centre of a flood plain will know how much the value of your property can be affected.
The difficulty with land search fees is that you often have to pay them up front and if you discover a problem you don’t a get a refund on the £45 or £95 fee that you paid. In essence it’s dead money.


Our advice is do your own research first and don’t rely on the professionals getting it right for you. http://www.homecheck.co.uk/ makes checking environmental and planning risks easy and straight forward and what’s more it only takes a minute and it’s free!!!! So that’s between £45 - 95 saved already!

How It Works


Firstly I stress the point again, it’s free to use.
The site simply requires you to input the postal code of the property that you intend to purchase and it returns a risk assessment of the following factors:


Flood
Subsidence
Radon
Coal Mining
Landfill
Pollution
Neighbourhood Summary - including crime rates and a demographic profile of the area
Planning Summary - The planning applications have been lodged recently and how could this affect the area


The website is keen to stress that these values are not specific to one individual property but cover properties in the immediate vicinity, but this is sufficient for the purposes most people often require.


The best asset of this website is that it helps house buyers to make informed decisions or flag up potential problems Before you spend a penny and could also help save you thousands in the long term.


If you have any experiences of this site or any feedback on this tool, please let us know by leaving a comment

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posted by Lone Duck Blogger @ 11:39   0 comments
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