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far the main advantage of buying an older property is acquiring an already
established plot, with its mature appearance and surroundings. The attraction
normally lies with the beholder; it may be the attraction of living in a
particular area or the spaciousness of the site.
Unlike the new property, i.e. less than ten years old, the older property comes with no guarantees and even though it would be normal practice now to ask the vender to sign a declaration, it would be impossible to guard against everything that could go wrong. It is highly recommended that a detailed survey of the building is carried out prior to making any decisions, this could be money well spent. The golden rule here of course is, if there is anything, which makes you feel uncomfortable, then proceed no further. |
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