When you’re considering buying a new home in Fremantle, it makes sense to organise a pre-purchase building inspection before you sign on the dotted line. But if you’re just starting your search, here’s a list of steps you can take to make sure you find your dream home.
- Start with extensive research. To get the best deal possible, begin researching early. Keep a record of your favourite Fremantle homes and watch how long they stay on the market, whether they’re asking prices changes and for how much they eventually sell. You can also check a housing trend data website like CoreLogic to get an overview of how the Fremantle housing market has travelled over the past twelve months and get a good idea of how much you can stretch your budget. Aim for a home that costs around three to five times your annual household income.
- Talk with your bank manager. Securing a prequalified, preapproved mortgage is a great way to keep your budget on track. Pull together all your financial information, including savings, investments, payslips (or tax returns if you’re self-employed) and book an appointment with some lenders to see who’ll give you the best deal. You could also contact a mortgage broker to handle all the legwork for you.
- Partner with a real estate agent. It’s often worth working directly with a real estate agent to winnow down your potential choices. The right agent can access information not readily available to the public about neighbourhoods, and they can also suggest homes about to come on the market that meet your criteria – with their help you could even find your perfect home and make an offer before anyone else gets a chance to view it. Plus, working with an agent won’t cost you a cent – they get paid a commission from the owner.
- Notice the finer details. When it comes to viewing a home, there are a few things you should take extra care to notice. We suggest making a checklist, so you don’t forget little details – you can also make notes or take videos on your phone to help you remember later. At a minimum, you should:
• Turn on taps in the shower and kitchen to check for water pressure, how long it takes for the water to heat up and whether the water drains well.
• Turn electrical switches on and off to check the system is normal.
• Check if the doors and windows open easily and ask if all keys (front and back doors, garage, shed, window, security doors) will be provided on handover.
• Look for evidence rising damp or mould – it could be a sign the home’s roof is leaking, which can be costly to fix.
- Call a building inspector. Once you’ve determined a home is right for you, it’s essential to book a building inspection as soon as possible to ensure your potential investment is a good one. They’ll be able to assess elements that you probably can’t see with the naked eye and might cost you more down the track, including structural damage, pest infections, broken chattels and poor ventilation. If your building inspector does turn up something, it doesn’t necessarily mean you should forgo buying the house – you could use the building inspection report to negotiate a better deal.
- Make an offer. Congratulations! You’ve done all the hard work! If you’ve followed these steps, you should be armed with all the information and peace of mind you need to make a great deal on your dream home.
Our team will always ready to help you checking the condition of the house you are planning to buy, reach us now below: