Property For Sale In The UK; A Brief Advisory Guide
- By Thomas Pretty
- Published 04/15/2009
- Buying
- Unrated
Types of property for sale in the UK are immensely varied. Depending upon the age and style of a property, ownership carries with it a range of different rights and responsibilities. For example ex council houses may have a freehold still owned by the council whilst those within housing association areas may have certain rules that go hand in hand with living there. The following article will detail a few of the more common types of property for sale and present a brief guide to each.
New builds or newly built properties are extremely desirable. One of the major benefits to this type of property is that typically they are ready for inhabitation straight away and the work that needs to be carried out is minimal. In the majority of cases new builds will already have fitted kitchens and bathrooms and if buying before the house is finished may have the option of selecting certain styles of decor. A downside to new builds however is that they are often located in areas away from town centres, and hence away from schools, shops and other facilities. For those who want, clean contemporary living however they are ideal.
Older properties are typically chosen for their charm and character, assets that are simply unavailable with the new types of property for sale. This character is created with period features and irregular sized rooms. Most of the time they are better situated in towns although parking can be a problem. It is also worth remembering that
older properties are more susceptible to structural problems particularly if major changes have been made to the property or the previous owners have not cared for the abode. It is always good advice to have a qualified surveyor look at the property before purchasing.
Ex council houses can be an affordable way to get on the property ladder. One of the cheaper types of property for sale, they can be a bargain. Care should be taken however to survey the property thoroughly and also gain an understanding of the local area. Council flats are normally sold as leaseholds so that is worth bearing in mind and if the flat is higher than five stories the chances of getting a mortgage may be severely limited.
Mobile homes are rapidly becoming popular as holiday homes for those with sufficient income to purchase a getaway pad. Normally this type of property for sale is situated within a site, meaning green surrounds and picturesque landscapes are a real possibility. The result of being housed in a site however is that site fees are charged annually for the upkeep of the local area. Additionally, it is always worth checking with the site if children and pets are allowed and whether the installation of satellite dishes will be a problem.
Hopefully this article has given some idea of the types of property for sale within the UK. It is in no way a complete guide and has not touched upon flats, maisonettes, listed properties or the detached, semi detached and terraced types. Despite this it provides essential information for those looking at properties within the UK.
New builds or newly built properties are extremely desirable. One of the major benefits to this type of property is that typically they are ready for inhabitation straight away and the work that needs to be carried out is minimal. In the majority of cases new builds will already have fitted kitchens and bathrooms and if buying before the house is finished may have the option of selecting certain styles of decor. A downside to new builds however is that they are often located in areas away from town centres, and hence away from schools, shops and other facilities. For those who want, clean contemporary living however they are ideal.
Older properties are typically chosen for their charm and character, assets that are simply unavailable with the new types of property for sale. This character is created with period features and irregular sized rooms. Most of the time they are better situated in towns although parking can be a problem. It is also worth remembering that
Ex council houses can be an affordable way to get on the property ladder. One of the cheaper types of property for sale, they can be a bargain. Care should be taken however to survey the property thoroughly and also gain an understanding of the local area. Council flats are normally sold as leaseholds so that is worth bearing in mind and if the flat is higher than five stories the chances of getting a mortgage may be severely limited.
Mobile homes are rapidly becoming popular as holiday homes for those with sufficient income to purchase a getaway pad. Normally this type of property for sale is situated within a site, meaning green surrounds and picturesque landscapes are a real possibility. The result of being housed in a site however is that site fees are charged annually for the upkeep of the local area. Additionally, it is always worth checking with the site if children and pets are allowed and whether the installation of satellite dishes will be a problem.
Hopefully this article has given some idea of the types of property for sale within the UK. It is in no way a complete guide and has not touched upon flats, maisonettes, listed properties or the detached, semi detached and terraced types. Despite this it provides essential information for those looking at properties within the UK.
Thomas Pretty
Real estate expert Thomas Pretty studies the different types of property for sale in the UK and details some of the more common varieties.
View all articles by Thomas Pretty