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House Hunting Tips

[26/10/2017]

Once you’ve decided to become a homeowner, the challenge and fun of house hunting can begin. But with so much information out there and so many options on the market, how do you find the right one for you?

We’ve compiled some handy tips to help you find the perfect property.

The best place to start is with the Internet. Not only can you search for current property listings, but you can also research other useful information like interest rates, mortgage options and suburb profiles.

It’s best to keep searches broad, rather than focusing on the niche elements straight away.

Having flexible parameters like the number of bedrooms and bathrooms can allow you access to a larger pool of potential properties. Often it’s possible to convert a three-bedroom house to four bedrooms or add an additional bathroom with minimal effort.

Be mindful of exclusively searching for particular key words like ‘pool’ or ‘bar’. Discounting or potentially missing out on the perfect home because of a small technicality can be devastating. Remember that additions can always be made later.

It’s recommended to keep a slightly wider price range, within reason, when initially searching. You may find a more affordable house that just needs a little TLC, or realise you can stretch your budget a little more to score that ideal home.

Don’t be too hasty to write off old listings. Remember to constantly check your saved properties or interested list for updates. There may have been a price reduction or additional photos added that change your mind about a certain property.

It’s best to sort housing elements into needs and wants. Search by the uncompromising factors like the right amount of land, location and nearby amenities. Make note of which factors you consider necessary and those that would be nice additions.

It’s typically better to have a good block of land in the right area for you with a house that can be renovated (within reason), than having a fancy house in a compromised location.

Research can help you improve your understanding of an area that you’re interested in. You can utilise resources like flood maps, zoning areas, and maps to discover surrounding features. School catchments may be an important consideration and future plans or developments for the suburb can be found on various websites.

One of the most valuable tools at your disposal is investigating what is currently for sale and what has been previously sold. This helps set realistic expectations in regards to affordability, value and determines whether your goals can be met.

Attending open for inspections and auctions can also help better understand the area, property and prices. Talking to agents is always useful too; after all they are property experts.

Finally, don’t forget to set alerts and notifications for your searches to ensure you don’t miss out on anything. You never know when the perfect property may come along!

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