10 Things to Look for When Searching for a Property

wishlist

Is it in a suburb that suits your needs both now and in the future?
In 5 years’ time your needs could be very different especially if you start a family or retire, therefore you will need to consider if the surrounding area has the schools, facilities and infrastructure to support you. You may also need to consider the commute to work.

Does it include most of the features on your wish list?
Before attending open for inspections divide your list into must-haves and nice-to-haves. This will enable you to remain clear headed about homes that suit your needs rather than rejecting them because they don’t tick every box on your list.

Warning signs
Peeling paint, rusty gutters, wonky floors, and mould are all signs that the property hasn’t been maintained or something isn’t right.

Which direction does the property face?
Take note of which direction the sun rises and sets in relation to the home and understand its impact during winter and summer. If large windows are facing the setting sun are there sun blinds or other shade items to help keep the home cool during summer? What will the home feel like during the shorter, colder days of winter? Do the main living areas have plenty of natural light?

What are the neighbour’s homes like?
It’s easy to forget you’re buying much more than a home; you’re also buying into a neighbourhood. Does the street have a good vibe?  Are the homes maintained with neat gardens and no rubbish lying around?

Will any major items/rooms need upgrading?
If the home requires upgrades will you be able to afford them? Conduct online research to discover rough costing for upgrading a kitchen or bathroom so you can decide if it’s more cost effective to search for a home that has already been upgraded.

Systems
Does the home feature the systems and appliances you need/want and if not, can you afford to replace them? Consider electrical, heating, air conditioning, dishwasher, home security etc.

Is it at the top of your budget?
If the home is at the top of your budget—or worse above it—you may be setting yourself up for years of stress as you battle to make repayments.  Carefully consider the life you want to live moving forward as you might decide it’s better to buy a home that’s more affordable that leaves extra money to enjoy life.

Does the land size/garden suit your needs?
If you love spending time outdoors gardening or entertaining then you’ll need some space. If mowing the lawn and keeping plants alive is low on your list of priorities then ensure you buy a property with a low maintenance garden.

Can you see yourself living in the space?
While it may not have been love at first sight, remain objective about any home that ticks your must-have boxes.  Carpets, wall paint and minor fittings can all be updated over time, whereas layout and number of bathrooms are more costly to change.

Share:

More Posts

June Quarter Market Update

There has been no hibernating for Melbourne’s housing market over the June quarter, with the median house sale price tipping over the million-dollar mark to $1.01 million. While this only represents a 0.2 per cent increase in the last quarter according to recent Real Estate Institute of Victoria (REIV) figures, this follows a record 8.8 per cent growth in the

Sound strategies for winning an auction

You could call watching an auction in Melbourne a much-loved sport. As the preferred selling method, there are a few factors to consider before you let your heart take over and bid above your budget. Unfortunately, bidding at auction isn’t an exact science; there are many methods, and every auction is different. If you are planning on bidding, you’ll stand

Why landlord insurance is a sure-fire win

Taking out insurance is a lot like buying a lottery ticket, with both decisions steeped in possibilities and ‘what-ifs’. However, when it comes to investment properties, landlord insurance is a wise gamble. Landlord insurance is designed to cover the cost of replacement or repair if your residential rental property is damaged as a result of certain events. This type of

Grandmillenial Style – why it’s a trend you need to jump on

A new trend in home decorating has emerged and is quickly gaining momentum. It is called “Grandmillenial” style or “Granny Chic”. This style is full of nostalgia for anything old fashioned or traditional, like something you’d see in your granny’s home, throw in some contemporary artwork or sleek modern furniture and there you have the style in a nutshell. While

Send Us A Message