Before you agree to buy your dream house, consider your long-term plan. The purchase cost is the first part of owning a home, but there are other costs too. Here are 5 things you absolutely need to know about buying a home.
There is a lot to consider when buying a property. New homes come with fewer maintenance costs but you pay for it in the purchase price. Unless it is a turnkey property, the little extras they need can also increase the cost exponentially.
Saving for your first home seems like a mammoth mountain to climb. There is no time better than to start now. Below are some handy hints to help you get started on your way to saving for the deposit on your first home.
Did you know that 83.5% of Australians say they wouldn’t even conceive buying a property with one of their friends. However, for many single Australians, buying with a friend solves the challenge of how to get a foot on the first rung of the property ladder.
Before a contract is signed is the best time to get legal advice from a qualified lawyer, solicitor or conveyancer. Opportunities to end the contract can be severely limited if legal advice is sought after the contract has been signed.
A property is advertised for a set period and a date set by which buyers must have completed their enquiries (legal, building/pest inspections), arranged their finance & be ready to bid....
While it may all come down to who has the deepest pockets on the day, sometimes how you bid will influence just how high the other bidders are prepared to go. However, the most important factor with a real estate auction is to decide what is your realistic limit in advance.
Buying ‘off the plan’ provides investors with the opportunity to buy some of the best-positioned apartments within a complex. When the market is rising, it can also sometimes offer property investors a capital gain by the time construction is completed.
An easement is a property interest that allows the easement holder to use property that he or she does not own or possess. It does not allow the easement holder to occupy the land, or to exclude others from the land unless they interfere with the easement holder’s use. Before entering into a contract, ask your solicitor to investigate the effect of easements on your property.
Open house inspections can be equal parts fun, exciting and nerve-wracking, especially if you find yourself falling in love with a property at first sight. However, there will be plenty of time to dote on your home in the future – inspections are all about keeping your eyes open for any signs that your potential new abode might be a major lemon.
Some property investors choose to manage their own rental properties. This has both advantages and disadvantages. One advantage is that you can save on real estate agent costs but there are challenges you need to be mindful of.