Buying property is a milestone that many of us aspire to reach one day. It’s life changing but can also be a daunting task that you know nothing about!
It doesn’t matter whether this is your first time buying a home or owning many different properties and looking for property to invest in. The process will always be a grueling one. There are loads of varying factors that you have to take into consideration.
You don’t just get a property – you carefully plan it all out. Here are some of the most crucial steps you have to take when buying a property to help you out on this endeavor!
Know If You Are Ready
The first step when it comes to everything is to know if you’re ready or not. Getting a property is a crucial commitment, and you should always look before you leap into it. If you have any feeling of doubt when you ask yourself this question, you probably shouldn’t go for it right now.
However, if you know that you can go all in and are confident in both committing and job security, you can move on to the next step!
Check On Your Finances & Finalize Your Budget
The next step is to know how much you have to work with. Have an honest conversation with your accountant to understand what you can afford and how much you can borrow from the bank!
Getting a mortgage shouldn’t be taken lightly – this is a substantial financial responsibility, and you should treat it that way. Ensure you get a copy of your credit file and make sure you don’t have any existing debts!
If your budget is tight, getting Sunbury house and land packages or just a house and land package, in general, can save some cash!
Getting a Real Estate/Buyer’s Agent
If you’re looking for land for sale in Sunbury, getting a local buyer’s agent or real estate agent can help make the process a lot smoother and quicker. You can get information about what’s for sale, where the best housing spots are, and even how the property market is currently performing.
Choosing The Property
Before going home, hoping to see if the available homes are suitable for you – you must have a mental checklist for what you’re looking for. Taking mental notes on features and requirements that your property must have is key to being content with what you eventually get.
Putting location, public transportation, and community quality in mind while choosing the property for you will ensure that the spot is perfect for living in.
Inspecting The Property
Once you start checking out properties, your first impressions will always matter. However, no matter the impression, you consistently have to watch out and inspect it for many things before you cross it off your checklist!
Here are some of the things you have to watch out for:
- Sagging ceilings – these can be a massive problem in the long run, especially for rainy seasons.
- Mould – this is always a bad sign and getting rid of it yourself is a hassle.
- The bathroom – check if the hot water system works and if the plumbing is good!
- Doors & windows – make sure they all work smoothly,
- Light and fuse box – make sure every outlet works, and nothing is out of place or damaged!