Top tips for first time buyers (part 1)

If you are a first time buyer, there are a number of aspects that you would need to be aware of.

Firstly, be sure to understand that you need cash available. Over and above the deposit that you may need to put down on the property, you will need sufficient funds available to pay for transfer duty as well as other transaction costs including bond registration and attorney’s fees.

You may also want to make upgrades and enhancements that need to be budgeted for. Additionally, you will need to pay deposits for basic service connections and other matters related to taking occupation.

It is also important that you spend time in the area of your choice, visit restaurants and chat to locals to ensure that it is the correct area for you. Check if the area meets your lifestyle needs in terms of schools and so on.

You should also check access to main roads and arterials necessary to get to work as well as how long it will take to get to work.