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5 things to check before buying a property

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With property being one of the biggest investments that you will ever make in your life, it is important that you check even the most negligible aspects of your house. 

Aside from making sure that it has a good location, you should also make sure that your neighborhood is not noisy, as noise has become a growing concern for many buyers. However, there is no surefire way to guarantee this, so Brisbane engineer Stuart Clough devised a round-the-clock noise monitoring service that involves planting small noise-monitoring boxes inside properties to access audio levels.

Another important thing to check is the presence of pests. If you are buying a property in Queensland, this is a must because the state is one of the worst when it comes to termites. In fact, the Real Estate Institute of Queensland advises buyers to get their own building and pest inspection done.

You should also check if there are any development approvals nearby because you just might be living near a construction site. You can easily research this through council websites, as real estate agents are under no obligation to inform you of such.

One of the most important things to check is hidden body corporate fees. To ensure all bases are covered, Metropole property strategist Brett Warren said buyers should ask for the previous Body Corporate meeting’s minutes.

Finally, you should also check if your location is a flood-prone area. Steer clear of these areas and also check if there is overland flow.

“People can drive by in bad weather conditions to see whether the street has overland flow,” Warren advised.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

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