Whether you're a house-buying novice taking your first tentative step on to the property ladder or an old hand seeking the perfect investment for your retirement, the same principles apply. The golden rule is that you need to achieve the right balance between affordability, availability and suitability.Having worked out what you can afford - remembering any costs for improving the property - you need to find out whether the sort of property you want is available in the area that you want it. It's likely that you will have to compromise on some of your likes and dislikes so be prepared to be flexible. .
Location, Location, Location
There are many factors affecting your choice of investment but location should be your number one consideration. You can improve the property but you can't move it. Think not just about the attractiveness of the neighbourhood, but how it might change in the future.