26th March 2019 / Beth Oleyar: Things To Consider When House Hunting

Looking for your next home, or even your first home, can be equally as challenging as it is rewarding. To help make the process a little less overwhelming, we've come up with a list of top things to consider when house hunting.

Understand the Reason
Make sure you ask yourself why you're buying this home. Are you looking for an investment property? Do you have a growing family and need to upsize? Maybe you're needing to relocate due to a new job. Understanding the reason for this change will help you look for the exact qualities and characteristics required to meet your property objectives.

Set a Budget
This might be one of the first things you consider, but once you set your budget, make sure you commit to it. Setting your sights on a house you can afford will ultimately be determined by your household income and savings, but keep in mind your desired location and the local real estate market might have other ideas. Having your finance pre-approved will prove to be an essential tool in helping with this process.

Find the Right Agent
While starting your own research online definitely comes recommended, using an agent can provide you with an abundance of local knowledge, property information and market insights. Finding an agent who specialises in the price bracket and property type you're looking for will assist you in coordinating property viewings, evaluating the seller's asking price against recent sales data, help you determine the amount to offer and even negotiate on your behalf.

Create a List
Before you start your search, make sure you ascertain which features and amenities are negotiable, and which are non-negotiable. Things to keep in mind when beginning this list include the proximity to schools, shops and public transport, the amount of storage and parking available at the premises, your living and outdoor spaces and any luxury appliances you might be looking for.