Planning to Get Into The Property Market?
With so many properties listed on the real estate market at any point of time, how do you find the right property?
We have five tips for you.
- Location matters
Location affects everything about the property. It’s important to consider your work, lifestyle and family needs.
Is it near a school or your place of work? Do you need it to be?
Does it have access to public transport? That is important to you?
Location also affects the price of the real estate. Some suburbs are a premium. Try looking in their surrounding suburbs for a better buy.
- Look beyond first impressions
Inspect the property fully before writing it off. Yes, it may need home repairs or renovations, but in some cases this may be a great opportunity to secure a well priced property, in the location you want and add incredible value to it.
A builder or building inspector can help you make that assessment.
- Stick to budget
Be realistic about what you can afford and stick to looking at properties within your price range.
- Home repairs and renovations?
Some properties on the market may require significant renovation work in order to be liveable.
Ask a builder or carpenter to inspect the home for structural issues. You may also need to enlist the help of an electrician and plumber to make sure nothing’s wrong with the electrical and plumbing as this could be very expensive to fix if it’s major.
And are you up for it?
Not everyone is up for a major renovation project. So ask yourself, is it something you can handle especially if it allows you to create and design your dream space?
Or do you prefer to purchase a home that is fully renovated meaning you can simply move right.
- Is it a safe investment?
It may be your home, but property is also a valuable asset.
Ask yourself, will the property be a good sound investment even if you decide to sell in 1 year, 3 years or 10 years down the track?
Whether you’re buying, selling or renovating, Tradebusters Connect has a Top 3 pick of recommended property professionals to help you. This include real estate agents, mortgage brokers, building and pest inspectors, conveyancers and more.
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