By Tim McKibbin, REINSW CEO
Major property problems and faults can cost you thousands post-purchase and cause emotional stress. So it pays (literally) to objectively assess the property you want to buy.
You wouldn’t buy a car without a mechanic check and you wouldn’t drive it without insurance. The same applies to property. Get an independent pest and building report. Inspect the property more than once and at different times of day. Familiarise yourself with terms like aspect, zoning and inclusions/exclusions and their impact on the property.
If you’re planning to renovate, make sure you review the sewer and storm water diagrams.
No property is perfect but understanding the pros and cons of the property can help you negotiate a better price and save you financial and emotional stress.