LOOK INTO THE CORRECT SPECIALISTS REPORTS
Look into the correct specialists reports:Purchasing a LIM report from your local council. A LIM provides information on special land features or characteristics (e.g. erosion, hazardous substances), storm water and sewerage, rates owing on the land, title, future plans about the area (e.g. zoning, building heights), builders’ certificates issued, use to which the land may be put and any other information the local council considers to be important.
A valuation report on a property is recommended as the CV (Council valuation) is for rating purposes and may not provide a true market price for the property. These can be commissioned from independent registered valuers.
Registered builders and engineers can give a report on a property which helps you understand the structural and building condition of the house.
Location is usually one of the first decisions you will make when you start house hunting. Once you have decided on a location or locations, it’s a good idea to look at properties in and around the area to see how much and what type of development is taking place.
It’s also a good idea to find out any plans for the area, like new schools or shopping precincts.
Homes vary in age and condition, so it’s important to understand the general condition of the property you’re viewing.
It’s important to remember that although it’s a good idea to find out what general condition the home is in, you may need to decide on what areas you will be willing to compromise on.
There are various things we look out for when inspecting a property – these are based on the circumstances and will elaborated on in person.
Size of the home – Are there enough bedrooms, living areas and bathrooms, and are they big enough for your requirements? Can or how can you make extensions to the property?
Everyone has their own personal tastes and needs, and while some houses may be perfect as is, some may require a few changes or modifications.
Here’s a list of a few things you may want to take into consideration:
- Style of the home – Will you be updating the colour scheme, carpet, window dressings, kitchen or bathroom?
- Storage – Check for storage options like cupboards, garaging, and attics
- Landscaping – Do you want to change/update the garden?
- Children – Do you need a bath or a well fenced property?
- Pets – Is the property fenced and is there a pet door or enough room for your dog to run around?
BUYING AN APARTMENT
1) The area and the apartment itself
Are there amenities nearby? Who will your neighbours be? How noisy is it? Remember, you can change your furniture but you can’t change the location.
Is it leasehold or freehold? Make sure you understand the difference.
2) Body Caproate corporate levies and information?
The body corporate levy can be a major outgoing, so make sure you know what it covers and factor this into your budget. Read the body corporate minutes as these can provide valuable insight into the management of the building, as well as how spaces are allowed to be utilised.
3) Investigate the cladding, earthquake rating and sound-proofing
These are critical to your safety and enjoyment of the space, so make sure you know what you’re buying into.
Does the apartment come with car parking? Do you have to pay extra? Make sure it covers your needs now and in the future.
5) Standard Due Diligence
Make sure you commission specialist reports as needed, do your research and don’t be afraid to ask questions. If you’re buying off the plans, check the pedigree and track record of the developer.