How to avoid buying a property lemon
Buying a house is a big decision. Here are 10 things to ask before signing the contract.
Buying and selling property is a daunting endeavour. Is the house worth the asking price? How long has it been on the market? Is the suburb safe? Has a massive apartment complex just been approved for next door?
In any dealings with property – information, and lots of it – is the best friend you can have. That means doing your research and asking the right questions so you can gain a clearer understanding of whether a potential investment will serve your property needs.
It’s no good buying an old house on a sizeable block, for example, with the intention of knocking it down and building a duplex, only to find out after the hammer falls that there is a heritage overlay in the area.
Here are 10 questions to ask before buying a home so that things don’t turn sour on auction day.