What are the important factors when valuing a property as a buyer? This will determine your negotiating strategy, how to position yourself price wise and ensure you do not overpay for a property.
- Location, neighbourhood, street and which side of the street
- Market dynamic. Supply and demand for that kind of asset. Stock level
- Potential capital appreciation
- Listed building. Planning restriction
- Lease length (UK)
- Turnkey or requires renovation. Structural defect
- Opportunity to develop/extend the property further
- Internal space
- Number of bedrooms/bathroom, office space, gym, pool.
- Period features, brightness and ceiling height
- Outdoor space. Size and orientation
- Parking space, proximity of public transport, amenities and schools.
- Noise level, security and privacy
- Planned development project close by of similar assets (think resell competition) or potential development that could obstruct a view.
This list is not exhaustive but gives you guidance whe...
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