Don't Buy a House until You've Done These Three Things

Buying a home is a huge decision and one that shouldn't be taken lightly. There are a lot of factors to consider when buying a property, including the obvious factors such as the number of bedrooms, pool, study - but when it comes to the more complex issues, it’s hard to know where to begin. Here are three simple steps you can do which will help ensure you’re happy in the your new home in the long run.

Speak to the council

Call and check with the local council and make sure there aren’t any proposed developments around the home or any big overshadowing renovations that the neighbours are planning that could substantially effect either the value of your house or how you enjoy the property. After you move in and get settled into a quiet street, the last thing you want is to have loud construction occurring over the road on a development that will block your view and turn the quiet street you bought into a busy and noisy street.

Do your research

There is so much information out there for you to consume and ensure you make an informed decision about what the home is worth. Be sure to look at recent sales data on the street and neighbourhood, however, you’ll want to ensure you factor in that every home is in a different condition. Just because you find another property that’s the same size, it doesn’t mean your home is worth the same amount. A brand new modern home on 400 square metres won’t be worth the same as a 20-year-old home on 400 square metres.

Include a structural and termite inspection

Don’t write up an offer unless you put a structural and a termite inspection clause on it. These can identify several issues about the property, ranging from minor problems like a leaking tap to more serious issues like structural damage. Including this on your contract means that possible issues can be flagged before they become a problem (and cost money!) in the long run.

Buying a home is likely one of, if not the biggest financial transactions you will make in your life - you want to ensure you make an informed decision. A good real estate agent will ensure all the above steps are taken and make sure you have all the facts when buying a new home.

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