1. Important Considerations before Paying Deposit for a
Edinburgh Property
Edinburgh, nicknamed 'Auld Reekie', 'Edina' and 'Athens of the North', is a Scottish city that was
established in 1889. The city is the capital of Scotland and the 2nd most populous city with a 2010
population of 817,800. Given the size of the city and the its status, it follows that Edinburgh property
is much sought after. Some of the most sought after properties are houses, flats and apartments, studios,
furnished and unfurnished properties, private lets, commercial lets, all in long-term or short-term
leases.
There are several considerations that you should make before paying deposit for a property in
Edinburgh. Making these considerations ensure that you get value for money. Do not pay a deposit
before considering the location of the property vis-a-vis the intended use of the property. As an
example, a property to put up a factory needs to be in the industrial zone. You should also consider the
security of the area as well as availability of amenities such as sewerage services, garbage collection,
parking and clean water.
Only pay deposit after going through the fine print of the lease agreement. This will help you avoid
hidden costs and ensure that, as an example, you are not responsible for building maintenance.
Consider the cost of the Edinburgh property versus properties of a similar size in the area before
paying a deposit.
Consider the term of the lease vis-a-vis the purpose for which you are buying or leasing the property.
Go for a long lease if you have long-term plans since relocating might disrupt your business. Consider
what property owners and those leasing property in the area are saying about the properties. This will
give you insight as to the merits and demerits of the area. Compare different options before making a
choice as this increases your chances of getting a good property. Do not pay a deposit before
considering the condition of the building. You could bring a plumber, an electrician and other
professionals with you to help you do a thorough analysis.
Consider the insight of a professional before paying a deposit. You should hire a lawyer to help you do
property searches, but the best way to search for a property in Edinburgh is through a letting agent.
Letting agents have the training, experience and contacts necessary to get you a property that best suits
your particular needs. Hiring a letting agent to help you get an Edinburgh property gives you
unparalleled convenience since you do not have to do the search yourself. You could get a good letting
agent from an online directory of such agents.