BUYING A PROPERTY Buying a property requires a considerable amount of research, time, commitment and planning. The process outlined suggests simple steps to consider before you start your property search.
HOW MUCH CAN YOU AFFORD? The first things to do before you begin your search for a property is determine how much you can afford and the area in which you wish to buy.
IDENTIFY YOUR PRIORITIES Select the Location: One of the most important considerations when house hunting is the location. Choosing the right location is vital not just because it may add value to a property but because you (or your tenants) will have to live there too. When shortlisting suburbs it is important to consider proximity to transport, schools, shopping centres, recreation and local facilities and any other amenities that are important to you.
TYPE OF PROPERTY: A house is likely to be the most expensive type of property but for good reason. You are distanced from your neighbours and will generally have a garden. Terraces and townhouses may have an outdoor area and a degree of privacy however they are likely to be noisier than a house due to their proximity to neighbours. Put together a shortlist of things that are important.
SOME POINTS TO CONSIDER • Why are you purchasing the property? Does it suit your needs? • What type of property do you want? • How many bedrooms and bathrooms do you want? • Do you want a newly established home? Do you want to renovate? • Are you familiar with the neighbourhood? • What sort of parking does the property offer?