Article Category
How to bag a bargain
Look to live locally to save time and money
Posted: 2007/09/21
OUR top five tips for bargain hunters.
1. Auctions. Repossessed properties may be bought at a discount under the hammer but auctions aren't for beginners. Most properties for sale at auction have problems. The buyer has less than 30 days to survey and value the property independently and arrange finance, and once bought the buyer cannot withdraw.
2.Regeneration areas around the UK.
Former industrial towns and cities plus seaside resorts are having billions pumped into them. Hastings, Margate, Plymouth, Broadstairs, Scarborough and Bradford are all worth looking at.
3. The Halifax's annual review of seaside properties gives a guide to the best places from both an investment and quality of life perspective.
4. The Royal Bank of Scotland's top five places in its affordable property index, which also assesses quality of life are Beverley, E Yorks, Maidstone, Kent, Chester, Perth and Salford.
5. Your local area is a good place to buy an investment property. New landlords with full-time jobs will find it much easier to manage a local tenant.
