The property market is something that affects us all, be it buying and selling a house, to property investment. This blog is our take on the property market in Scotland in general, and Dundee and Angus in particular. To get in touch with us, please visit www.blackadders.co.uk.
Thinking of buying a new home? Then there are 5 simple steps to take before you purchase:
Contact Blackadders and appoint a solicitor. We will explain the purchase process, timescales and the costs involved including any tax and registration dues so that you can budget accordingly.If you like the property we can lodge a Note of Interest on your behalf. This has more weight than a personal note as the formal note from a solicitor means you are a serious house-buyer. We can advise on the negotiation process and make a formal Offer on your behalf.
Have a wish list but realise that you may have to compromise. Remember that unless you are buying a new build property the property is second hand and you may need to budget for future repairs and decoration.
View a range of properties. It is important to compare and contrast to see what you are getting for your money.
Home Report and Schedule. Make sure you ask for a copy of the Schedule and Home Report for any properties that you are interested in so that you can check what is included and the condition of the property. If the report recommends a contractor should check the property (for example a timber specialist if there is wet rot or woodworm) then you should make any Offer subject to an inspection or arrange for the property to be checked prior to the Offer. You may need to do this if the property is popular as a seller may prefer a “Clean” Offer”.
Get a second opinion. Visit the property more than once and if possible with a friend or relative who can give you an honest second opinion without the “rose tinted spectacles”.Visit the property at different times of the day so that you can suss out the parking, traffic, sunlight hours in the garden, and the neighbours.Test the systems – flush the toilets, turn on the showers, open and close the windows. Once an Offer is accepted generally you cannot revisit the property until the written contract is concluded.
With the current lack of availability of residential homes throughout Scotland, there has never been a better time to consider new homes either as a Purchaser or as a Developer. At Blackadders, we have a proven track record in helping both purchasers and sellers alike within the new build market. From a Developer’s point of view, the initial identification of a site and subsequent site acquisition is paramount and Blackadders are well placed to give advice on all pre-purchase aspects. As soon as a site is identified we can provide up-to-date sales information on what type of design and size of a house is selling along with a guide to eventual sales yield.
From a marketing perspective, we have the proven track record of selling new builds and conversions, the most recent of which being the successful conversion of the Taychreggan Hotel in Broughty Ferry into luxury apartments and also the prestigious development within Trust House, Liff.
From a Developer’s aspect, it is important to ensure that the pricing is correct on every unit. It is not just a simple case of using floor area as the ultimate guide to value. Every unit is individual and this coupled with the quality of finishes can make an enormous difference along with the location of preferred plots to the eventual sale price.
Our marketing strategies are usually bespoke to the Developer’s requirements. However, a basic guide to our service levels would include working with the Architect, preparing brochures, signage, marketing materials and advertising the properties through various portals including Solicitors Property Centres, Rightmove and Zoopla, as appropriate. We would also distribute the properties throughout our East of Scotland network and through both our national and international mailing list. Our Sales Staff provide ongoing site appraisal reports and would work hand in hand with the Developer. The initial launch may include newspaper advertising and we would also use our contacts within the media to generate other publicity. We offer a 7-day service and extensive use of social media.
Every development is unique and we would undertake an individual approach to any marketing needs.
Should you have any queries whether as a Purchaser or a potential Developer please contact our New Build Team on 01382 342222.
Martin Paterson Director of Property Services Blackadders LLP