When buying a property, it pays to do your homework. Our Property Expert, Andrew Winter, shares his ultimate buyer beware checklist.
- Check the council’s zoning plans and develoment applications in the street.
- A unit block popping up next door could seriously affect the future value of the property. And don’t forget to check for loft conversions or extensions, as they can cause overshadowing or privacy issues.
- Make sure you inspect the property on different days and at different times. Agents often show a dark property when the sun is at its best, or to avoid rush hour if a street is busy.
- Use the internet or local library to find out what facilities are available nearby. And if you’re planning on buying a unit, try to meet some of the other residents in the block before you put in an offer. There’s nothing worse than annoying neighbours when they’re right next door!
- Check that the property is not likely to be affected by bushfires or flooding. You can do this online of by contacting your local coucil.
- Natural disasters often strike with little warning, so you need to do your research and be thoroughly prepared before buying in a high-risk zone.
- Then check the boundaries of the property because disputes over access and fence lines can be costly.
- And last but not least, check the crime statistics with the local police station.
Then hopefully your dream property won’t become a living nightmare!
To ask Andrew a question, click HERE