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Whilst we do try our hardest to give accurate figures there will be occasions where costs are higher, or values lower. Due to the recent Covid-19 situation we would recommend not trying to revalue properties until at least 12 months time to allow the market to potentially recover. We can not guarantee that the market will recover to pre March 2020 sales/demand figures in this 12 month time period. Potentially the best time to revalue would be in 24 months once and initial mortgage period is due to expire as this would allow the market more time to recover.
We advise that you are happy with the rental return % and income at the purchase price, and use future potential added value as a bonus, as the markets increase as well as decrease.
We advise any purchasers to conduct their own due diligence before committing to any purchase.
Target revaluations and rental amounts are taken from current market conditions. We cannot take responsibility for valuations conducted by lenders if they are lower than the figures that we have estimated. We will always give figures that we believe are achievable with the current market conditions. We advise all clients to conduct their own due diligence on any figures that we provide for guidance purposes and make their purchase decision solely on their own research of the area in terms or rental returns, current market value and potential market value if a property is upgraded.
All renovation figures are estimates. Costs can increase as well as decrease depending upon what works are carried out and also what issues are found once the purchase has been completed and we have full access to the property. With properties that require electrical tests for licensing there is the possibility that if the electrics fail the testing that the property will require a full re-wire.
All purchases are completed at the buyers own risk. Always seek professional advice. Our service is for guidance only.
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