Buying a new home can be a very stressful experience, especially if you don’t do the proper research. You can easily fall in love with a home when stalking the real estate pages, or visiting open homes. When you decide to move house, take on a renovation, or even refinance your current home, all of these decisions can be messy and painful if you aren’t sure where to start. Each time you decide to move on, you’ll need to do your research. Usually it’s a long process – so out come the spreadsheets and notepads!
Here is a short checklist of things you might think about before buying your new home
- What price did it sell for previously?
- Find out what your yearly council rates will be and factor that in to your budget.
- How long will settlement take? 30 days? Or longer?
- How much will the Stamp Duty be?
- Are you eligible for the First Home Owners Grant?
- Have there been any obvious extensions or sheds added to the property? Have these been passed through council?
- Check for any plumbing or electrical reports.
- If it’s a unit, what are the strata levies and other fees (like gardening)?
- Are there any recent building or pest inspections available for review? If not, consider getting these done yourself before making an offer.
- What would the fees be to pay a solicitor or conveyancer eg. property searches, certificates?
- Who does all the communicating of the sale? Will that be you or the solicitor?
If you’re considering one of our listed properties, make sure you chat to the friendly real estate agent who can help sort these questions for you!