Your potential new home may have curb appeal, but does it really stack up?

Do your homework when inspecting a potential property and if you are attending an open home take note of some of the following:

  • Structure – invest in a building report or get a tradesperson to look over the property you intend to buy. Check for the quality of construction, damage from pests, wet spots on walls or ceilings, look for drafts, check for cracks in the foundation.
  • Location – take time to get to know the neighbourhood or seek advice from your WRE specialist. Work out if the road gets busy at peak times, is there a nearby train line or commercial business which may have excess noise, are you close to schools and conveniences, are there major plans for change in this area.
  • Neighbours – does the property you are looking at have privacy, are your neighbouring properties well cared for, is their evidence of wandering pets, etc.
  • Property details – is it a freehold site, what is the parking situation, has the property ever had fire/flood/earthquake damage, have there been any structural problems, what renovations or modifications have been done and are they in compliance with local council regulations? It is important to do your due diligence and if necessary enlist the help of independent property inspectors.
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Your potential new home may have curb appeal, but does it really stack up?

Do your homework when inspecting a potential property and if you are attending an open home take note of some of the following:

  • Structure – invest in a building report or get a tradesperson to look over the property you intend to buy. Check for the quality of construction, damage from pests, wet spots on walls or ceilings, look for drafts, check for cracks in the foundation.
  • Location – take time to get to know the neighbourhood or seek advice from your WRE specialist. Work out if the road gets busy at peak times, is there a nearby train line or commercial business which may have excess noise, are you close to schools and conveniences, are there major plans for change in this area.
  • Neighbours – does the property you are looking at have privacy, are your neighbouring properties well cared for, is their evidence of wandering pets, etc.
  • Property details – is it a freehold site, what is the parking situation, has the property ever had fire/flood/earthquake damage, have there been any structural problems, what renovations or modifications have been done and are they in compliance with local council regulations? It is important to do your due diligence and if necessary enlist the help of independent property inspectors.
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