Are you considering buying a house in Perth? Well, there is a fair bit to consider, and just thinking about it can make you feel overwhelmed. Fortunately, we here at Inspect My Property have created a mini checklist that will help with your house-buying journey.
Financial health check and get pre-approval
It goes without saying, having a look at your finances is an imperative step in your home buying process. From here, you will need to set an achievable budget. We recommend that you narrow down your options to fit within the budget you have set. Also, consider the cash you have on hand for the down payment. Some programs may require you to pay only 5% for the down payment; however, there are those who will require up to 20%. From here, you will want to engage with a mortgage broker who can help you gain pre-approval.
May the house hunting begin
Once you are armed with your pre-approval, start the fun adventure of house hunting. This can be an easy experience, if you are partnered with a trusted real estate agent to guide you through the process. Our advice is to not just be enamoured by a beautiful appearance. You need to make sure that the house is safe to live in, and that there will be no problems once you move in. Consider the structural condition of the house, and make sure everything is working properly. The best thing to do to ensure that the property is in good condition is by hiring a professional building inspector in Perth.
Screen the location
Location is everything as they say, so you want to ensure that the location you are scoping is one that will appreciate in value, is safe, and comes with sought after facilities. Here is what we consider when we look at location:
- Suburb profile – how does the crime rate rank within the suburb you are considering?
- School catchment zones – what schools are in the area? Is there a high school in proximity?
- Surrounding facilities -Does the area have a hospital nearby? Perhaps the location is known for its restaurant chains? Consider this when buying.
Pre-settlement
This is a crucial period where you can check that the property is in the condition you agreed upon, and that any special contract conditions have been met. If the property is in a worse condition than when you exchanged contracts, you can ask the vendor to make the necessary repairs.
Buying a house doesn’t need to feel like a complicated process. When you partner with a team like Inspect My Property, we work to make it as smooth as possible for you. Before you know it, you will already have your brand new home that will be everything you ever wanted, and more. Get in touch with our team of professional home and building inspectors in Perth today.
