If you’re looking to build a home, it’s important finding the right property. AS per property experts Granny Flat Solutions Australia, this can be difficult because there are so many options out there and not all properties are created equal. The following tips will help you make sure your next property purchase is everything you want it to be:
Here are some tips to help you find the right property for your needs.
Location, Location, Location.
Location is key to a good investment. A house located near a good school district and other amenities will usually have higher resale value than one at the end of a dead-end street. The same goes for location: if you buy into an area where there are lots of jobs, it’ll be easier to find renters who won’t complain about having too few bedrooms (or bathrooms).
Building Potential.
- Check that there is enough land to build on.
- Check that the land has a good foundation. You may need to add some concrete footings or support beams, depending on how much weight you have in your house. Check that the land is flat and level; otherwise, digging foundations will be more expensive because of all that extra work needed before construction could begin (and possibly cause damage).
- Try finding out from neighbors whether their properties are large enough together so as not to overcrowd each other (which would mean having too many houses built), or whether there’s just one plot big enough for everybody who wants one; otherwise someone might end up having nowhere else but their own backyard where they can put up whatever building materials they want without worrying about others encroaching upon theirs.
Check What’s Allowed.
It’s important to check what’s allowed. This can be done by contacting your local council and/or planning department, as well as checking the rules and regulations on their website or in a copy of the Act that applies to your area.
- Check local zoning laws for any restrictions on building height or size (e.g., minimum floor area ratio).
- Check for easements and covenants which may affect development rights for builders; these often apply to residential developments with more than two units per lot.
- Make sure you’re aware of any restrictions on building materials such as asbestos, lead or other hazardous substances found in older homes before purchasing one!
Don’t Jump In Right Away.
Don’t buy on impulse. The first thing you need to do when buying a property is take the time to think about what you want in your new home and how much money you can afford to spend. If you rush into things, it will be hard for all parties involved (you and the seller) because there are lots of things that could go wrong:
- The price might be higher than expected, which means they’ll have to reduce their asking price.
- There might not be enough room for everything in the house so some items won’t fit where they’re supposed to—maybe even causing damage along the way!
Sell Your Current Home First.
Once you’ve found the right property and are ready to build, it’s important to sell your current home first. You’ll need money for building materials, labor and fees. If you don’t have enough cash on hand or are worried about being able to pay them off in time, consider selling your current home at a loss.
This may sound scary but it can be done! There are several ways this can be done:
- Sell your house by yourself with no agent involved (this is called “off-market” or private sale)
- Find an agent who specializes in buying houses over their value on the market (called “below market”)
Conclusion
Finding the right property for your needs can be a challenge, but it’s important to follow these tips. Remember that location is one of the most important factors in determining how much you’ll pay for an apartment or house so do your research! Also make sure not to jump into anything too soon because there are many variables that go into deciding whether or not something will work out well enough (or at all). Don’t forget about building potential too; this could help ensure that everything goes according
