Oct 10, 2011

5 Important Things to Check When Buying a New Home

Buying a new home can be a stressful time because as well as organising finance and finding the right home you also need to check a few things about the home before you decide to purchase it. As well as going through your check list you also need to do some research into home insurance and find a good removalist to move your furniture and possessions into your new home.

Building Structurally Sound

If you are buying a home, particularly an older home, you will need to check that the building itself is structurally sound. It can be a good idea to have a fully qualified builder come and go through the building for you to check that it doesn't need major work done to it, like re-stumping or that it needs all the electrics re-wired. A builder will be able to let you know whether any parts of the home needs renovation and should be able to give you an estimate of what that would cost you. Any repairs need to be factored in to the total cost of the purchase of the property.

Pests
Before you buy a property you also need to make sure that it is not infested with pests, such as termites. These sorts of pests can be extremely destructive to a building and if the house is infested it could require huge sections to be demolished and replaced or you could find the framework of the home is beyond repair.

Vacant Block Next Door

If the home you are interested in has a vacant block next door you might want to find out who owns the property for several reasons. You may need to erect a fence, which is a shared cost between you and your neighbour. Depending on where you live a vacant block could be used for all manner of things, including apartments or even more commercial structures like a car park or shopping centre. It would be a good idea to contact the council and find out who owns the land and if they can tell you if there are any building plans in place for the block. If you have the choice you might not want to live next door to a shopping centre.

Location
As well as liking the look of the house you have to be happy with the location. A home needs to be close to shops, the right school if you have children, public transport and be easily accessible to your place of work. There might be other things that you want in your neighbourhood, like easy access to cafes and restaurants, you might want to be a walk to the beach or be near plenty of park land.

Will it Suit Your Lifestyle?

The home will also need to suit your lifestyle. It will need to be big enough to house your entire family comfortably. You may be retiring and looking for a smaller home to down size to. You might entertain a lot so need large open rooms and an area for an outdoor kitchen in your back garden. Some couples are very career focused and prefer a property without a garden so they don't have to do much maintenance on their property, or a family could want a garden for their kids and pets.

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