Enza Lyons – Property Consultant
5 Things to consider when buying a home
When buying a home it is helpful to priorities what is important to you and your family. This makes it easier to eliminate the houses that will not work for you and find the homes that will.
Here are 5 things to consider when buying a new home for you and your family.
- The location of the home
- The size of the land, number of bedrooms and bathrooms and car space
- The age of the home, kitchen layout, condition of the home appliances, maintenance of home
- Purchase price and being finance ready to buy
- Sellers incentive to sell
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1. The location of the home
Most buyers want to find a location close to the places they visit most frequently . Some want easy access to the highway for work and others want to live near work. Families want to be nearby the schools, shopping centres, recreation area, children’s playground park, place of worship, friends and family. Some prefer to be away from traffic and want to be near a parks, pools, restaurants or recreation. Others want to be near transport either bus stop or train station. Some want to be in a family friendly area. Check the neighbourhood whether it is safe area for families or a crime area. Talk about your preferences with the agent.
2. The size of the land, number of bedrooms and bathrooms and car space
Do you require an acreage or a smaller lot? Do you require gardens or just lawn, long driveway, extra garage, workshop etc or you might split the property to build a second home and sell it or a granny flat? Most families will have an idea of how many bedrooms and bathrooms they require. An extra bedroom doubles as an office, den, kids playroom or exercise room. Think about your lifestyle and what will enhance it. More people are now working from home. An extra room can make a difference.
3. The age of the home, kitchen layout, condition of the home appliances, maintenance of home
When it is a newly built home there is little maintenance. However, you decide to buy an older home it may need repairs and upgrades to make the house to your lifestyle. Make sure you have the budget to enjoy managing these projects.
The kitchen seems to be the heart of the home. It’s where we prepare food for the family, prepare meals when entertaining family and friends. The size and layout are important. Be clear whether you want large storage space, plenty of counter space, butlers work room, walk in pantry, gas or electric stove. Some prepare microwave meals only require basic kitchen and others entertain large families and they require a gourmet kitchen appliances. Work out what is the best option for your family. Do you want two or more bathrooms? Some want a sizeable tub and others a large shower for two. Be clear what you require.
4. Purchase price and being finance ready to buy
Be sure to work out the purchase price including costs of stamp duty, building and pest inspection and moving costs etc of what you can comfortably afford to buy. When it is a sellers market with many buyers at open instructions, it’s important to be finance ready to make an offer on the house you want to buy. Check with your mortgage broker how to be finance ready.
5. Sellers incentive to sell
Its not always about the price when sellers want to sell. Many times its about the conditions. Some sellers might want an investor to buy their property so they can rent back for several months or years. Some may require a long settlement so that can get organised to move to their next home or a retirement village. Other sellers might be committed on another house to move in and just want to sell. They require a short contract. Check with the real estate agent to find out what the seller’s reason for selling the property.
First Home Buyers
Buying your first home can be overwhelming, exciting and exhausting all at the same time. With limited experience, you can be more susceptible to overpaying. Using us as property consultants can save you time and money and make the buying process simple and fun – like it should be. We also keep up to date on the latest government grants available to first time buyers so you can be sure not to miss out on any extra funding.
Brisbane and the Sunshine Coast attract people from all over Australia as well as international buyers. South East Queensland is a great place to invest in property, raise a family and for retirees to retire. Whatever your budget and property type you are seeking, we can introduce you to a variety of housing options so that you can not only make a great choice but also a fantastic investment.
Are you planning to relocate but you are not sure what area to move to? You may be interstate, time poor or just too busy working a 9 to 5 job to spend time looking for properties. You may have missed deals or you have met every agent and still not found the property you want. We work for you and with you to find a property match for your dream home within your budget.
Investors & Developers
We assist local, interstate and international investors in designing strategies to meet their investment objectives. You can trust our local knowledge and strategic advice on suburbs and off market properties. From investment town houses to waterfront mansions and secluded acreages, development sites, long or short term rentals, holiday homes or a home to demolish, rebuild or renovate, we will find you the right property.
7 key steps to buying a property
I’ll walk you through the entire process
1Get in touch
Together we get to know each other and we discuss your requirements, expectations and goals.
Discuss and design the best strategy and plan of action for your investment needs.
3Search & Research
Extensive suburb research and short listing of properties that closely match your specific requirements and worth further analysis.
4Evaulate, Report & Select
Appraisal, price analysis and critical inspection. May include DA, council and zoning checks. Written report of recommended properties.
5Negotiate & Secure
Prepare offer and conditions, negotiate and secure the property on your
behalf by private treaty or auction bidding.
Liaise with seller and associated parties, attend building and pest inspection, finance approval, conveyancing, renegotiation, meeting timeframes and attending auctions on behalf of the buyer.
We are with you every step of the way to provide support up to settlement and long after in all stages of your journey. When buying and selling property, opportunities for growth, sale and expansion will continue to present itself.