BUYING a home can be a daunting experience, there is so much to do and check and it can be easy to forget something important.
According to Ray White Howlong Principal Anthony Hartshorn these are the five things many buyers fail to do, which they should if they want everything to run smoothly.
TAKE YOUR TIME
“In 10 years of selling real estate it still surprises me how little time a buyer will spend in a property before they buy it,’’ he said.
“In many cases a buyer would spend more time test driving a car than inspecting their future home, which is a fraction of the price.’’
CAREFULLY CONSIDER WHAT YOU CAN REALLY AFFORD
“Determine your budget based on what you can afford to repay now, not the maximum you’re allowed to borrow, too often buyers stretch themselves thin to buy the property and don’t take into account the possibility of a situational change”
CHECK OUT THE NEIGHBOURS
“These are the people you will be living among, so a little espionage or covert operation can be on the cards. Drive around all the adjoining streets of the town/suburb, not just the main street’’
CHECK OUT THE BUILDER
“Who built the property and when? Builders guarantees can be lost between owners, so do your research.’’
CHECK THE BODY CORPORATE
“What does the body corporate have on the list of things to do.”
“Read the previous committee minutes, you’ll get a snapshot of their current direction and action items.’’