First Home Buyer’s Checklist When Buying a House

By 20 September 2017Education
first home buyers checklist

So you’re ready to buy, and everything’s looking pretty good. But there are a number of things you may not have considered when buying. It may very well be the biggest purchase you’ll make in your life, so make sure you purchase wisely.

Buying a home is an expensive investment; therefore, inspect it carefully before going ahead with your decision. We’ve put together a guide for some of the main things you need to consider when purchasing a property:

 

Number and Placement of Rooms in the House

This is one of the main things to consider when buying a house. Everybody has a different preference for placement of rooms in the house and the need for a number of rooms varies from one family to another.

You need to know what you are looking for. When buying a pre-built house you don’t really have the luxury of being so specific towards whether you want the rooms to be too close to the TV lounge or detached from the living area. One thing to consider though is the configuration of rooms in the house and where they sit in regards to north, south, east and west. Generally, the western side of the house is where the sun will heat up, so in the summer months that side of the house will be very hot.

 

Structure of a Building and Roof

Another thing you should look for is the structure of a building and roof in terms of safety. Arrange a building inspector to assess the overall quality of the property, including the insulation level, fixtures, and fittings. This will enable you to spot the issues that will not be visible otherwise and will give you the power of negotiation on the price if you do find any issues.

Not only do you get to spot the issues in time, you also save yourself from the heartbreak of finding a problem after you buy the house.

 

Natural Light in the Property

This one often goes unnoticed, until you move in and realise that living in darkness can be a bit depressing. If there is little or no natural light in the house, it makes the house look and feels less welcoming. It also gives the house a gloomy look. An important factor of your house is to ensure the property has enough windows from where the natural light can come in, as it is refreshing and also enhances the atmosphere of your home.

 

Power Supply, Water, and Air Conditioning System

In addition to the aforementioned things, you should also check the power supply, water, and air conditioning system of the house. Hire a specialist to see if all the systems are working properly and if there is a reasonable number of power points considering the size of a house. If the systems are not working properly, it can be really tough for new homeowners.

 

Termite Activity

This is one of the most important things you should add to your checklist. Whenever you are shopping for a house, hire a pest inspector who can assess if the dwelling is not infested with insects, such as termites. If you do not detect that in time, it can cost you a lot later on when you buy a house.

 

Suitable Lawn

The idea of having a lawn within your premises not only enhances the beauty of a house but also gives you area to entertain guests. When you’re looking at selling, it also increases the value having a bit of land, and is a more attractive prospect for families.

 

Parking Space

Another key aspect is the availability of parking spaces on your street, along with a garage at the property. Check that the property has a parking space, driveway or a garage for your vehicle to keep it safe and out of the sun.

 

Ongoing Costs

Ongoing costs can be hard to factor into your budget when buying a house. For example, utility bills, such as electricity or gas, may vary from area to area, so call your local council for an idea on rates in that area. Also, moving to a new place will also have an impact on your home insurance premiums. If you do not include these costs in your budget, it might affect your financial health and you might find it hard to deal with it on an ongoing basis.

 

If you’re serious about buying, here are some other important things to keep in mind before buying a house.  Chat to Hunter Galloway about savings strategies and finance available now on 1300 088 065 or email Nathan at Nathan.Vecchio@HunterGalloway.com.au