Britons `do not fully assess potential new properties` - National Homebuyers

Released on = May 10, 2007, 1:47 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The hastiness in which Britons make an offer on a potential
home means almost one in two homebuyers experience problems with their new
properties soon after moving in, says National Homebuyers.


Press Release Body = Research by Abbey Mortgages has revealed Britons take more time
to choose their holiday destinations than they do on assessing the viability of
prospective new places to live - with an average of 139 minutes spent on perusing
holiday brochures for the annual vacation and just 96 minutes on assessing a
property before committing to purchase.

As a result, 49 per cent of homebuyers encounter difficulties soon after moving in.

\"It really is crucial that homebuyers do as much research as possible before making
an offer on a new property,\" commented Nici Audhlam-Gardiner, head of mortgages at
Abbey.

\"Moving is stressful enough, without having to worry about nasty surprises when you
arrive at your new home.\"

The survey found 21 per cent are left needing to redecorate due to the shoddy
workmanship of previous owners, while seven per cent discovered their showers to be
inadequate due to a lack of water pressure.

Those struggling to finance renovations following a move could consider selling
their home to National Homebuyers. Director of the quick sale property firm, Julian
King, says: \"It\'s surprising how many people believe that making alterations in
their own image will increase the value of their property.

\"Homeowners must understand that painting over wallpaper or replacing kitchen units
does very little to the value of each property. The local market conditions dictate
the profit - if any - on the re-sale of your property.\"

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333

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