Wish List Tips for First Home Shoppers
While your ideal property wish list might include deal makers and deal breakers like a number of bedrooms, a pool, or an open lounge area, it’s important not to bypass the smaller, less obvious aspects of a functioning home.
Whether you are a master home improver looking for your first property to sink your tools into, or are simply looking for the perfect first home to settle in, there are crucial things to watch out for that could save you a whole lot of time, money, and stress after you move in.
A structurally sound and termite-free building
Are there any visible large cracks in the walls, near doors or around windows? Is the house made out of a primarily wooden frame? Although hairline cracks are common in older homes, getting a professional in to give the house a proper valuation will determine whether the house is fit to live in.
The house is damp free
Is the paint peeling or bubbling? Are there visible watermarks or signs of mould? Even if some of the rooms are freshly painted, there might be a chance the sellers are trying to hide a bigger problem.
The house is facing the best possible direction
What direction does the house face? This could mean the difference between a warm, naturally lit room and a dingy, dark space. Living in a house with lots of natural light will save you money on electricity bills in the summer months.
The house is in a prime location
Is the house close to shops, public transport, schools or parks? What is the crime rate like? Even if your house has everything on your wish list, you need to determine whether it’s hard to access or in an awkward location. This could affect your ability to sell in the future, or make it more difficult for you to reach amenities.
The kitchen and bathroom(s) are in prime condition
Are the cupboards and floors outdated? Do all your appliances fit in their designated spaces? The kitchen and bathroom are the most expensive areas in a house to renovate. If the rooms are old and outdated, or your fridge, dishwater or washing machine doesn’t fit, it could cost you hundreds to update or buy new appliances.
There are more than enough power points
Are there enough power points throughout the house and in each room? Are they in good condition? There is nothing worse than moving in and finding out that the wiring is faulty, or there are not enough power points for what you need. Rewiring or putting in more is a significant expense – something that may not be possible for tight budget households.
The house has great insulation or central heating and air-conditioning systems
Is the house properly insulated? Does it already have heating and cooling systems installed? Insulated homes can save you a lot on heating and cooling expenses, and if there are systems installed already, you won’t have to go to the cost of getting them installed later on.
There is plenty of storage space
Is there enough space inside or outside to store what you need? Moving into a house and realising there isn’t sufficient room to store your possessions can either create a space that is hard to get around in, or cost you money to rent a storage unit.
At Select, we offer no-obligation, quality and free advice to help you reach your financial goals. If you would like to talk with one of our friendly brokers about anything mortgage related, give us a call on (08) 9417 3399.