6 Factors to Consider Before Buying a Home
After months of hunting, it’s delightful to find a home that meets all your needs and wants. The budget is good, and so is the location and layout! You can finally plan your dream home and own the amenities you have been longing for quite some time.
However, experts suggest that budget and space shouldn’t be the only things to consider – there are certain other factors as well that can impact you in the long run. For example, there may be structural issues that might spike home insurance. Pests or tree troubles that can damage your house’s structure or foundations. Also, traffic on the way to your work can make your life miserable – the list can be a long one.
So, it is important to consider every such factor to avoid a costly mistake.
To help you with this huge investment straight from the shoulder, our building inspection team is sharing some insights here. Consider these aspects before buying a property to make an informed choice.
Important factors to consider before buying a home
Location is the most important thing to consider when you plan to buy a home.
A property at a good location is an asset, no matter how the market fluctuates. Also, you can renovate a house but you cannot convert a bad location to a good one. It is also advisable to find a location that is near to your office or work place – it will save both time and the transport cost.
Have you asked for an expert opinion?
You have looked around and tossed a close eye to every corner of your potential new home. But it is not enough unless you are an expert. Getting an expert opinion is paramount to avoid future regret.
Reach out to credible companies for building inspection, pest inspection, also electrical & plumbing (services) advice. Because insurance covers you with unforeseen issues that occurred after you buy a policy, but not with issues that exist prior to your purchase.
For instance, if timber pests are damaging the building when you bought the property, the insurance company won’t cover it. To avoid such chaos, hire a good timber pest inspection Sydney team to find such issues.
Real estate agents make sure they present you with the property in its best visual state. Before signing on the dotted line, make sure you check unseen repairs and hidden maintenance. Calculate the total cost of fixing and renovation.
Accessibility of basic infrastructures
It is crucial to consider the accessibility of basic infrastructures in the area. Before buying a house, make sure it is surrounded by must-have infrastructures. Find out-
- Is there good connectivity with public transport?
- Is there a proper supply of water in the area?
- Is there availability of basic amenities such as street lighting, internet connectivity, and outdoor areas and family parks?
- is there proper stormwater drainage?
Having accessibility to basic infrastructure is necessary as it can affect your daily living.
As a homeowner, you desire to have an open space around your home, and it is an important factor to consider when buying a house.
Before closing the deal, take a walk around and have a look at the surrounding space, homes, trees and landscape. These will promote a sense of wellbeing and improve the curb appeal of your property.
Living in an area with a high crime rate is not safe or investment-worthy. It can affect your peace of mind.
So, check online for the latest crime-related updates of the neighbourhood. Feel free to talk to neighbours to get the updates and also notice their behaviour before investing in a home.
Consult experienced professionals
It makes sense to consult with experts before making a big purchase. Hire a accredited and insured home inspector who is an expert at finding any hidden or concealed issues that can raise a costly problem in the future.
To avoid conflict, talk with financial advisors about homeownership. Make sure the finance is structured to meet your needs. Also, ensure the lawyer/ conveyancer you hire is not representing the seller too.