Top 3 tips to consider when purchasing a property
Are you looking to purchase the home of your dreams? Perhaps you’re looking to renovate an existing home to reflect your lifestyle needs. At dion seminara architecture I provide an extensive pre-purchase design options advice service to help you make the right decision when purchasing a home so that it doesn’t exceed your living and financial needs. So here are my top 3 tips to consider when purchasing a property. These general tips should ensure you make the right decision when buying a new home.
1 – Be smart when deciding where you want to live.
The first mistake buyers make when looking to move houses is buying in a suburb they cannot afford. If you have to struggle to make ends meet just to live in the area of the dreams, how are you ever going to enjoy where you live? Budgets are the most important starting point. Make sure that you are firm in what you can afford and be flexible in what you desire. Sometimes surrounding suburbs are a good place to look if you desire to live in an area that you cannot afford. You can reap the benefits in median property prices, public transport, local schools and proximity to amenities by moving just one suburb over. Make sure you research the area intensely and consider what it’s like to live there, what types of people live there currently and what matters to you. Shortlisting suburbs that deliver on your lifestyle needs are an effective way to ensure your work is cut in half.
2 – Investigate your properties thoroughly and consider hiring professionals.
Any negotiator will tell you that the most important thing is to know your stuff. When you have all the information and insights into the property you will be better equipped to tackle any objections that sellers have to your offer. Conduct an initial investigation of the property to uncover any obvious issues and work that might be too much for you or your budget to handle. Once you have looked behind the cover screen of beautiful styling and recent paint jobs and decided that you still wish to purchase the home, it’s time to call in the professionals.
Firstly, call in a building and pest inspector that can help you to understand little issues or work that you might not have been able to see. These professionals will take the time to pinpoint issues that can become costly repairs and save you in costs and headaches further on. Lastly, if you are planning on renovating the home you want to buy, it’s important that you engage the services of an architect to understand the potential or limitations of the home. At dion seminara architecture, we offer an extensive pre-purchase design options advice that helps you to decide whether the property will suit your needs, the potential costs associated with the project, give you valuable insights to use in the price negotiating process, and can even help you to decide when weighing up different properties.
We additionally have a number of other professionals which we can refer you to for all your due diligence requirements. From Mortgage Brokers to Insurance and Legal professionals – when it comes to property acquisitions, we can put you in touch with professionals who know the “in’s and out’s”, and who have seen it all!
3 – Be realistic about the project and be prepared to walk away.
So you’ve inspected the property yourself and even brought in the professionals, what now? Well, either put an offer on the property or walk away, it’s as simple as that. It’s important that you make a decision and stick to it. If you’re not happy, walk away and wait for a better house. If you are happy, make an offer as quickly as you can and be considerate towards the sellers. Try to settle for a realistic contract and don’t spend time changing your mind repeatedly, it’s difficult to sell a house so try not to make it harder on the sellers (they might reward you for it). The best part about having engaged an architect is that you can then take their advice about houses that suit your needs and budgets and apply this to other homes you were considering. Insights from a professional are valuable because you can use them time and again without having to continually fork out your hard earned money.
If you are considering purchasing a new property and wish to learn more about a pre-purchase design options advice, give us a call on 07 3899 9450. It just might be the smartest decision you make for your future.