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Purchasing a House at Auction in Berkshire

Posted on July 29, 2019 by Peter Donaldson
Purchasing a House at Auction in Berkshire

For many people, becoming a homeowner is an aspiration that’s often a driver when it comes to career choice and other life decisions. Having your own place where you can put your stamp on it is something that a lot of us will work hard to save us for. Additionally, buying property can also be a sound investment if it’s done properly with lots of planning and consideration.

Even with the best plans and dedication to raising money for a deposit, it can sometimes be a financial stretch too far. However, there are alternative options, such as buying a house at auction or finding a property that requires a lot of renovations. At Camp Hopson, we’re always here to pass on useful advice and here are some of our tips on buying at auction.

Houses for Sale and Property Auctions in Berkshire –

Going through the process of buying a property is never straightforward unless you have the capital to buy something outright. The more traditional route is to involve your bank or a mortgage broker once you find a suitable property. This means knowing what sort of budget you have to work with, including the monthly mortgage repayments you can afford.

You’ll need to plan thoroughly and create a wishlist of everything you need the property to offer. This list should include the must-haves, as well as other aspects you have your heart set on. So, you might put down things like three bedrooms; the master bedroom needs an en-suite and a separate family bathroom. Then you can sneak in the fact that you’d like an extra room for a study, even if you think it’s over your budget.

Purchasing at auction can bring down your costs significantly, but it’s not guaranteed that you’ll get a loan for one. Before you try this route, it’s better to do your homework and check out the terms and conditions of home loans and buying houses from auctions. Also, it’s worth getting a handle on the various auction houses online. If possible, see if they list any information on each property before bidding.

Keep in mind that the best way to bag a deal often requires a lot of refurbishment and-or renovation. That means you’ll be doing some property development, which is a commitment you’ll need to be ready for. You should note down the pros and cons of buying at auction to see if it suits your needs. Moreover, if your work and life schedule can handle the additional work that comes with fixer-up properties.

Things to Remember When Choosing a Property –

There are hundreds of amazing areas to set up a home in Berkshire, and you’ll need to do a lot of research to find the perfect place for you. There are no cities in Berkshire, but there are several larger towns like Reading, Slough and Bracknell. If village life takes your fancy, Berkshire has some of the best ones in the UK. Camp Hopson’s depot is in the market town of Newbury, and we highly recommend it to anyone.

Before you move anywhere, you’ll need to visit Berkshire a few times to experience each potential location. Although the internet is a vital research tool, it won’t provide you with the same first-hand experience from visiting somewhere. For example, you might find that somewhere that looks quiet through the day becomes much louder at night.

Although buying a property at auction means going into certain aspects blindly, it’s always worth checking to see if any surveys exist. Most properties will have one report undertaken, usually a homebuyer survey. However, there are several more available which will give you information on things like the foundations.

There might be a significant amount of property development when purchasing at auction, so be mindful of listed buildings. These types of properties are a nightmare to get planning permission for, even if it’s necessary modifications.

Camp Hopson – Newbury and Berkshire’s Favourite Removals Company –

Camp Hopson moves thousands of people in and out of Berkshire every year, and we regularly work with property developers and people who flip houses. This gives us plenty of experience when it comes to understanding the nature of buying properties at auction. We also have several property developers who are business clients.

Customer service is vital to us, and we always get repeat customers. Additionally, we often get new customers from referrals from happy clients. It’s one of the joys of our job when someone makes an inquiry or books a service with us, and it’s from a previous customer’s referral.

Camp Hopson’s ethos is to work closely with our customers to ensure we provide them with the service they require. Our team will guide you through the planning stages of your upcoming relocation.  And should you need storage; we guarantee that your possessions will be safe and secure.

If you have any questions about buying property in Berkshire, feel free to contact us at any time. Berkshire has property auctions taking place throughout the county every week, and the ideal home is just a bid away.