Defining Your Property Needs

Table of Contents

This article provides general information only and does not constitute personalised advice. You should obtain independent legal, financial, taxation and building advice relevant to your individual circumstances before acting on any information in this article.

Never Forget Your Needs.

Ask yourself: “Why am I buying this property?” Your needs should govern the type of property you buy. Obviously, if you are looking for an investment property, you would have a very different set of criteria to those you would have when buying a place to live. What may appeal to you when looking for a home may not be appropriate for an investment property.

If you are buying a home, don’t just consider whether the property is right for you today. If you are planning a family for example, will the property be big enough down the track?

Don’t just buy a property because you or those around you think that it’s a good idea. Buying a property is a very costly exercise. To avoid buying the wrong property, you should have a checklist of the things that you are looking for and make sure the property you buy ticks most of those boxes.

Example: We were recently instructed by a retired couple looking to downsize. While they were fit and healthy, the property had to last them at least another 20 years. Therefore, they needed to consider whether buying a property with stairs was a good idea.

For any help and advice in respect of your property needs, speak to a good property buyer’s agent.

Call Buyers Domain property buyer’s agents today on 02 9568 6330.

© Buyer’s Domain. This article may not be reproduced without permission.

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