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Your Off-The-Plan Checklist


Buying a property off the plan provides great benefits such as better pricings and wider selection of properties, however, there are a few important factors you need to consider before you sign along the dotted line.

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To ensure you are well informed before giving your autograph to the bank, follow the checklist of considerations below. 


  1. Visit the property site and check to see the development within the area. Is your property close to key infrastructure? Is it in an accessible location?

  2. Carefully inspect the display office. Make sure you look at the calibre of finishes and materials used.

  3. Do your homework – research the builder and the developer to ensure you feel comfortable with the finished standard.

  4. Choose a location to suit your criteria and lifestyle. Location plays a vital role within purchasing a property so ensure the area you are purchasing in is a well-established suburb or a growing suburb. 

  5. Study the floorplans. Whether you’re purchasing this property to live in or to rent out, make sure the floorplan design is sensible for you and your needs. 

  6. Ask to see samples of the materials used within the property to assess the standard and the quality.

  7. Familiarise yourself with the on-going costs like the water rates, body-corporate and council rates.

  8. Determine how secure the building is. You want your new home to be safe and have security precautions put in place to ensure the protection of your new home.

  9. Research the current market. Determine when is the best time for you to buy and what locations are set to perform well in the near future.

  10. Buying a new home is an emotional experience, however, make sure you research the market to ensure your purchase represents good value.

  11. Determine your finances. Make an appointment to see a Mortgage Broker to help you determine your budget, and to also understand all the costs involved with purchasing a new property.

 

The team at Which Property can help you determine your goals and offer a selection of properties that meet your budget and criteria. Talk to one of our consultants today.

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