Using the internet is probably the most obvious thing to do when looking for a house or property to buy. It’s simple enough and rapid, so there won’t be any feet dragging before getting started. Off-plan property purchasing is popular among people to its discount pricing. There are thousands of websites dedicated to selling properties throughout the country, so start hunting around today.
How To Find Cheap Houses For Sale In UK
The ‘guide price’ of a property or house tells you how much other people have been willing to pay for it so far – this can be extremely useful when looking for cheap houses for sale in the UK because it gives you an insight into what they are worth. Many sites list properties with guide prices.
Auctioneers & Estate Agents
Auctioneers often specialize in selling less expensive properties, so if you have a low budget, then this is what they are perfect for! They can be very effective ways to find cheap houses for sale in the UK because it means that you don’t have to haggle with anyone – just bid higher than everyone else at auction and win the house.
The Downsides Of Buying Properties Through An Auctioneer or Estate Agent
The only downside is that sometimes an estate agent will come up with a ridiculous asking price to create interest, but having said that, they would not get any sales if they did not, so it may still be a better idea than buying privately.
If you are looking for cheap houses for sale in the UK, consider getting in touch with private sellers – this is another method that gives you an excellent insight into how good (or bad) the price of a particular property can be.
Be extra careful when dealing with someone who wants to sell their house or flat entirely independently. You could save hundreds if you buy from an estate agent! The fee they charge is a percentage of the final sale price – so bear this in mind before you decide.
Avoid Buying New-Builds
It may seem counter-intuitive to avoid buying new houses for sale in the UK, but if you’re looking for cheap houses, then it’s something that needs to be considered. When builders build new houses, they know exactly how much materials will cost them and can therefore build houses that maximize their profit, and who gets hit with the bill? The buyer! If you want to save money on properties, in the long run, avoid buying newer builds.
You Can Still Buy Properties Which Have Been Built
Go for properties that have been built within the last five years, and you will save a lot of money! You need to go back more than five years because recently built houses will still be subject to the same inflated prices as the newer builds, so it doesn’t make much of a difference.
Consider Buying A Plot Of Land
If you are considering buying cheap houses for sale in the UK, then it’s worth looking at plots of land – perhaps this would make a good investment instead? You could hire an expert to survey the land, or if it’s not particularly big, consider investing in some equipment yourself. It might take up your time, but learning the basics of surveying will be worth it – you will learn some fascinating stuff too!
Buy Properties Which Need Repairing
If you’re not afraid to get your hands dirty, why not consider buying cheap houses for sale in the UK that needs renovation? Although you have to put a certain amount of money into it before they are habitable, once this is done, you can charge more rent – meaning that after a few months or years, your investment will have paid off!
You can still buy new houses built recently, but you should go for older ones for the best value. Keep in mind that properties with guide prices will be cheaper than those without, so use this to your advantage when looking for cheap houses for sale in the UK if you want to see how much money you can save by buying a second-hand property instead of a new one.
Author: Bella Roy