Here is a handy list you can put together of contacts for the service providers you may need when buying your new home. Name Contact Notes Real estate agent Tax adviser Mortgage broker Appraiser Building inspector Pest inspector Insurance consultant Movers Electrician Plumber Builder Other Other [1-click-image-ranker]
Property tax in Australia can be quite complicated, and can vary from state to state, so it is important to seek advice from a tax advisor regarding your personal situation as you prepare to buy a new home. However, here is an introduction to the basic taxes relevant when buying a property in Australia: GST:…
If you have not bought a house before, or at least not for a few years, the valuation process can be a little confusing. Here’s a breakdown of what a valuation means and why they are a necessary part of buying or selling a property. The valuation occurs once the seller has accepted your offer…
Of course, the majority of homes do not contain any of these hazards. However, dangerous chemicals and materials are sometimes hidden in houses and buildings – here are some to be aware of while you are searching for your new home. Asbestos: this once popular building material has not been used in construction since the…
Having a professional building inspection conducted before you finalise purchase on a property can save you a lot of time and money later! Here are some questions to ask any potential building inspector: How long have you been working as a building inspector? How many inspections have you conducted? Do you specialise in residential inspections…
Blocks of units or townhouses are sometimes grouped together in stratas, meaning that they share common areas and pay fees to the body corporate to maintain these areas, which could be a swimming pool, tennis courts or simply outdoor spaces. If you are considering purchasing a unit or townhouse in a strata, here are some…
Not sure what suburb you want to live in? These questions will help you work out if the area is right for you. What places do you visit regularly, for business or pleasure? Are they easy to access from here? What is the local crime rate? What are the local schools like? Where are the…
Before launching into house hunting, it is important to have a clear idea of the house you are looking for, and particularly which factors are top priority, and which rank lower on the list. This worksheet will help you clarify this. Note down your preferences next to each criteria and rate them from 0 to…
If you are not able to secure a traditional home loan, there may be other options available to you to be able to buy your new home. Here are some ideas to finance your home creatively. Look into Government support and assistance programs for home buyers. Ask a family member or close friend for help,…
Applying for a home loan can be confusing and daunting, especially if this is your first time buying a house. Here are some questions you could ask your mortgage broker to make sure you are clear on the process (and get the best deal). What is the most common mortgage you offer? Why? What type…