Monthly Finance Update

How to get the most out of a property inspection

Are you in the market for a new home?

If the answer is yes, then you will more than likely have to attend a variety of property inspections before you find your dream dwelling.

Property Inspections give you the chance to find out as much as possible about the property’s condition before signing any binding contracts.

When shopping for a home, it is important that you make the most out of these property inspections, and that is exactly what I am going to help you with today.

To get the most out a property inspection, there are a few steps you should follow.

Firstly, you should take the time to outline exactly what you need and want from your future dwelling.
Do you need three or four bedrooms? Would you like a garage for your car and/or a backyard for your dog to run around in?
While your future property might not meet all of your requirements, it should tick most of your boxes.

Secondly, when attending property inspections, make sure you come well equipped. Bring a tape measure and a checklist that you can use to jot down what you liked and didn’t like about the property. We have a detailed checklist that you can print out before every open for inspection, so make sure you download it from the Mortgage Choice website.

Thirdly, it is worth inspecting the homes you like at different times of day.
This will give you a feel for how the property will look at different times and during different weather conditions.

Finally, when inspecting properties, it is only natural that you will have certain questions about the homes you are looking at. Questions like: how much is the quarterly strata cost, or how long has it been since the home was painted are all fair questions.
Jot them down and make sure you take the time to quiz the real estate agent. After all, if you don’t ask, you will never know.

If you have any more questions about property inspections and what you should expect during this part of your home buying journey, then give your local Mortgage Choice broker a call.

TBA Broker Suzane 400X400

Talk to your local broker today

Check out our latest Finance Updates

How to get the most out of a property inspection

How to prep your home for sale this summer

Get your finances in order for Christmas

How to secure your dream home for the best possible price

How to pick the right credit card for you

What is an offset account and what is a redraw facility?

Buying your first property?

Achieve your goals with refinancing

Top savings tips for First Home Buyers

How to clean up your bad credit history

How to find your dream home

How to manage your finances better

Thinking about refinancing?