5 Items to Check Before Purchasing a Home
Purchasing property in Perth is one of the most significant investments you’ll ever make, so it’s important that you know exactly what you’re getting into so that you can make an informed decision before you hand over your money. Here a five items to keep in mind when looking for your dream home.
1. Where are the official property boundaries?
Just because a fence is in a certain place does not mean that the boundary of your property is dictated by the fence. Before you buy, ensure that you obtain a property boundary identification survey.
2. Is the house close to important facilities?
Before buying a property, location is mostly a deal maker or breaker for most people. Researching a location hence will take you awhile but in the long run, it will be worth it. Mаkе sure your desired property is located аt a convenient lосаtiоn and hаѕ рrореr connectivity tо a nearby railway station оr airport, hospital, ѕсhооl, supermarkets, and local parks. Not to mention, the surrounding areas and neighbourhood could affect your decision making too.
3. Are your finances ready?
Financing is always a huge hindrance when buying a new property so getting your finances ready in advance of the big decision can be a huge plus for a potential homebuyer. You should have saved sufficient deposit as well secured the right financing in time as this will help streamline the process.
4. Engage a conveyance.
The conveyancing process usually will be what kick starts your legal journey to property ownership so it’s important to engage a conveyancer who will be able to take care of the legalities for you.
5. Do your research.
Find out how much other properties in the area have sold for recently. Go to auctions and learn as much as you can about local property market trends. This is essential for two reasons: firstly, you’ll know what a reasonable market price is for the property you like, and secondly, you won’t waste money by going in ‘too high’. And of course, once you’ve found your dream home, ensure you have a professional Building Inspection conducted by Total Home Inspections Perth.