Things to Consider Before You Buy

Purchasing a home is a huge step and easily one of the most important investments you will ever make, so it is imperative to know exactly what you are getting into so that you can make an educated decision before making the purchase. You want to be sure that the investment you make is a sound and informed one, so here are five things to consider before you buy.

 

1 What are the Property’s Official Boundaries?

The properties boundaries may not simply be restricted to the fence. A property may contain hidden boundaries that can affect living there. Before you purchase the property, make sure you obtain a property boundary identification survey. This can be conducted by a qualified Adelaide building inspections provider, and this will give you more peace of mind when purchasing the property.

2 Is the Property Close to Important Amenities/Facilities?

Location is important for most people when buying a home. It is important to conduct thorough research on the property before purchasing. It may take some time, but it’s definitely worth it. You want to be located in a convenient area that is easy to navigate and close to train stations and, to a lesser degree, airports. Additionally, it is always good to be located near supermarkets, local parks, schools and, of course, hospitals. Also, take note of the surrounding suburbs; this could also be a factor for your purchasing decision.

 

3 Are Your Financially Prepared?

Having your finances in order is important when purchasing a home. Not being financially prepared can break the whole deal, or at the very least provide a great hinderance to purchasing. It is important that you have saved enough money for a deposit as well as secured the correct amount of financing as this will make the purchasing process significantly easier.

 

4 Engage in Conveyancing

The legal journey of purchasing a property can be frustrating. Engage a conveyancer who can take care of all the legal aspects of you and, therefore, make the purchasing process easier. Not only this, have a qualified Adelaide building inspector survey the property before purchase; they will help you understand if the property has any unwanted defects.

 

5 Research is Key 

You want to know how much other properties in the area cost, especially if they are similar in style. By doing this you will know whether or not you are paying the right price for the property as well as knowing you won’t be spending too much money on the property.

 

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