How to Protect the Value of your Property Over Time

I believe that protecting a property’s value begins at the acquisition stage. Choosing the right area to invest in, for example, is crucial. It’s worth noting that buying in a market you know well greatly simplifies the process, as you have a natural and clear understanding of property specifics and the regulations, including legal requirements, governing the transaction. Investing in a different market, and doing so wisely, requires the support of professionals with proven experience and knowledge of the specific area.

London in Your Property Portfolio

If the goal is to invest in living in this wonderful city, London is certainly a compelling choice, also driven by the desire to enjoy its extraordinary opportunities. However, whether the investment is for lucrative purposes or personal needs, careful attention during the acquisition phase is always essential. London thrives and grows within a vast and varied real estate market composed of numerous micro-markets, each with its own dynamics. Every area of the city offers unique experiences, but not every street in each neighborhood (no matter how notable) or property type is advisable for what you aim to achieve. It’s crucial to explore and study each area carefully, ideally with the support of someone who knows the territory well.

Useful Tips

Whether the investment is purely financial or for a home you will live in, there are simple steps that, if followed, can greatly assist your search for a property in London. Here are a few key considerations:

Organise relevant viewings. Even viewings that initially seem not to match your desires can provide useful comparisons for property values in the area of interest. Regardless of any renovation plans, it is crucial that your consultant helps you understand the true value of the property. During the viewing, pay attention to details such as the smell inside the property, which may indicate the condition of the walls or hidden problems. If the property has been recently renovated, check the quality of materials used, such as the type and quality of flooring. Also, check the natural light in the property.

Check the construction period and general conditions. Note the age of the property, its general condition, and potential. Also, check for planning permissions for any future alterations or extensions.

Study the layout. The existing floor plan may be difficult to change, especially in Grade Listed or Leasehold properties. If you plan to renovate, have a trusted architect assess the necessary permits and possible modifications.

Consider internal volume. Properties with high ceilings and good views, such as gardens or squares, tend to retain and increase their value over time. Internal volume is an important factor in determining a property’s overall value. For example, consider first-floor apartments in pristine Victorian buildings with exceptionally high ceilings.

Check the Energy Performance Certificate.  If necessary, consider making improvements to enhance the energy efficiency of the property.

Verify storage spaces. English properties often lack adequate storage space. Consider how to optimise existing spaces or create additional areas, such as laundry rooms or storage closets.

First impressions matter. Observe the external appearance of the property, the care of the garden, and the communal areas. These elements indicate the quality of property management and the current owners’ attention to detail.

Evaluate the neighbourhood and amenities. Assess the condition of neighbouring properties and the overall quality of the neighbourhood, including schools, leisure activities, local businesses, and restaurants.

Consider transportation links. The distance from the nearest subway station can impact the property’s value. London offers many residential areas with excellent transport links and it’s important to find a balance that meets your needs and ensures the property’s long-term value.

Last But Not Least

Every aspect of the property you’re considering, along with the context in which it is situated, contributes to its value and its potential to appreciate over time. With careful evaluation and planning, you can make a purchase that will serve as a solid foundation for your wealth and provide lasting satisfaction.