It might not always be a case of Location, Location,
Location when it comes to the most important criteria for buying that house.
If
you are looking to try to future proof in terms of demand, saleability and
value then, yes, you should have some consideration of location but such are
the uncertainties involved that no sure fire guarantees can be provided.
House
purchase should really have the same warnings as other forms of investment, in
that values can go down as well as up.
Add into the mix such factors as the
intended course of a main rail line, the siting of a nuclear power station,
extended airport runways, an upsurge in crime and anti-social behaviour or if a
street just falls out of favouritism for any one of hundreds of actual or
perceived reasons and you can appreciate that the three word mantra so promoted
by Spencer and Allsop has inherent flaws.
Some people buy a house simply
because they like the appearance of it or that it, as they say, ticks most of
the boxes on their wish list of qualities and attributes.
We, as a family,
bought a small terraced house back in the 1990’s. It had some longer term suitability
issues, was old and expensive to maintain and run, streetside parking was a
matter of intense competition as well as demanding the highest skill levels of parallel
parking but at the time the lean-to type sun-room (I hesitate to call it a
conservatory) made for a great place for our two dogs to reside in and so the
deal was done.
It took only 3 years for us to realise our error and make a move
to a human-suitable property.
Drive down any road in any town and city and you
may feel offended by the visual impact of certain houses. Yes, they are bloody
ugly, either by their original design or from unsympathetic alterations, and
yet they are obviously a cherished home for someone.
I giggle to myself every
time I drive past a cottage in a village out towards the coast as it has a
face.
In the absence of a door to the front there are two rectangular first
floor windows resembling wide open eyes and on the ground floor a single
matching window as in the mouthing of exclamation and surprise.
I just cannot
be the only person to see this but it is lived in and from time to time does
come on the market for sale.
In the course of my professional workload in the
property sector I am often asked to provide an opinion on the suitability of a
house or other premises for a specific intended use by the prospective buyers.
One request was to advise on whether a former plumbers workshop (one of those
in the rear yard of a old terraced house with a drive through archway from the street)
would be alright for the keeping of fish.
It was a strange request and my mind
raced through images of banks of freezers or chillers, the indoor luxury of a
carp pond or some manufacturing process that would possibly upset the
neighbours in a quiet and reasonably odourless part of town.
Turns out that the
purpose was to temporarily house exotic tropical fish as they arrived in the country
to take up occupation in a large riverfront aquarium which was still some
months from being finished as a landmark project for the region.
There can be
quite a variation in the floor to ceiling heights in houses, often based on the
era of their construction. Victorian and older houses have very high and often
fancy embellished ceilings with cornices and rose requiring a full extending
step ladder to inspect for any tell tale signs that the thick, horse hair
bonded plaster is about to fall down.
In contrast it is possible to stretch up
on tip toes and touch the ceiling in most modern houses.
I was asked to provide
accurate floor to ceiling measurements for one female client being later told that it
was for her to check that her dance pole could be relocated from her current
home to the new residence.
My most recent request came in an introductory
letter from a firm of solicitors whose valued client was looking to buy a very
large, late 1890’s built house in a well to do tree lined district of the city.
The place had been unoccupied for about 8 years after last being occupied by
ten students from the University. It was run down with the usual damp, rot and
decay issues that inevitable take over an empty, unheated and poorly maintained
property.
The ground floors were certainly in a weakened condition as evidenced
by a pronounced springboard effect when walked upon. I resisted my usual
running jump and two footed landing- a surefire method of exposing any defects
as I did not want to find myself up to the waist or further immersed in
whatever void was under the floor.
I was able to give an authoritative opinion
that in their present condition I would not recommend that the client used the
affected rooms to house their grand piano and full sized concert harp.
It had been a case
of overlooking quite obvious issues of dereliction and decay because the
dimensions of those rooms would easily accommodate musical instruments of that
size and weight.
Location, Location, Location- well I’m still not so sure that is the
full story.
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