What To Keep In Mind When Buying A Property

What To Keep In Mind When Buying A Property

When you’re looking to buy a home, you may find the process incredibly overwhelming. And you’re not alone. Because there’s quite a lot for you to take in. Whether you’re a first-time buyer or not, the entire thing can really stress you out!

You’ll find that you have a lot to think about at once and it can feel quite intimidating. But, when you do want to be able to buy your first home or move to a new place, then you have to stay organized to get through this. It’s going to allow you to make the right decisions, and find the best property in the most efficient way. Let’s consider some of the key things you’ll need to keep in mind.

The Space You Need

5 Warringah Road, Mosman - bedrooms
5 Warringah Road, Mosman – bedrooms. Credit: domain.com.au
5 Warringah Road, Mosman - bathrooms
5 Warringah Road, Mosman – bathrooms. Credit: domain.com.au

The first requirement you need to keep in mind, is about the space that you require. Here, you’ll want to work out how many bedrooms you need right now for your family, as well as how many you may need over the next few years. Ideally, you’ll have a time frame in mind for how long you’ll been in the property. If you know that you’ll be adding to your family, then it’s often a good idea to look for the bedrooms you will need then, not necessarily what you need today.

The Access To Local Amenities

Aerial location shot of 5 Warringah Road, Mosman
Aerial location shot of 5 Warringah Road, Mosman. Credit: domain.com.au
5 Warringah Road, Mosman from the top
5 Warringah Road, Mosman from above. Credit: domain.com.au

Next, you’ll want to think about the location and the facilities near to you. Do you have access to the shops or community features that you are hoping for? Write a list of the places that are most important to you, as well as the ideal commute time to work.

The Schools Nearby

Similarly, you may also want to think about the schools that are near to the properties you look at. Living near to a school may be important for your children. So be sure to research the best schools and perhaps keep those areas in mind when you’re searching.

The Amount Of Land You Need

Next, you’re going to want to think about the amount of land that you need to have around your property. Maybe you’d like a large backyard for the children, or room to extend if you wish. Here, you may also want to bear in mind that compulsory acquisition may come into play if you do have a lot of land. So you may want to make sure that you’re aware of what could happen here, rather than let it ruin your plans.

5 warringah road Mosman - land area
5 warringah road Mosman – land area. Credit: domain.com.au

Your Maximum Budget

Lastly, you also need to keep in mind the total amount of money that you have to work with. Sometimes, it can be easy to let the amount you’re willing to spend creep up.

Ideally, you’re going to want have a ceiling that you can go to for the property price, because you’ll want to factor in all of the other associated costs that come with buying a house. If you’re going to be able to make this happen, you need to have the funds available for the total price, and not just the property’s advertised price.

Credit: 5 Warringah Road Mosman

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