Sydney is a global city with a multicultural vibe and encompasses various residential options catering to its diverse population. Moreover, the transport infrastructure in the city and adjoining suburbs is exceptional. In the inner-city suburbs, the properties range from apartments to tiny townhouses.
Whether you’re new to the city or looking to upgrade from rental to your own home here, real estate in Northern Beaches is a profitable option. That’s because it has natural beauty, well-known surfing beaches, and community villages amid the sand and surf. The neighborhoods are all about surfing, lifestyle, and pleasing livability.
However, even the best property options can turn out to be a nightmare if you do not research well. To make the right decision, here are 5 things you should consider when choosing a property in Sydney:
- Inspect the Surrounding Areas
You must check your property’s surroundings and accessibility from nearby conveniences like schools, colleges, markets, hospitals, metro stations, etc. Determine your needs and search accordingly.
For example, if you want a quiet neighbourhood, but have a noisy street next to your house, it may be a problem. When you check the surrounding area, you will know if you like the new location and how convenient it will be for you and your family.
- Building and Pest Inspection
When you buy a property, it makes complete sense to schedule a building and pest inspection by professionals. It is a vital part of your home buying process. After all, termites are nasty small pests that can go on undetected for months or even years, inflicting havoc on the foundations of your property before you even find out about them.
If you identify pest problems before buying the house, you can take the essential measures to address them. Conduct a pre-purchase pest inspection to help you understand the current or possible pest problems you may face.
- Find Out What You Can Afford
If you know what you can afford, it can help you set a strict price limit, so you don’t panic in the future by buying a too-expensive house. Real estate in Northern Beaches is still better than the rest with a current median listing price of $2 million.
However, the purchase price isn’t your only concern. There are additional costs that can add nearly 5% extra to the total purchase cost. Being a property buyer, you should consider:
- Transfer duty
- Application fees
- Valuation fee
- Conveyance and solicitor fees
Also, consider the council rates and continuing utilities like gas and electricity.
- Check the Property
Before you finalise a property in Sydney, look at its structure and foundation, see if the wirings are done rightly, and check for plumbing and possible dampness or cracks in the wall.
Also, check the roof conditions, and if the property has fences, see if they are on the boundary.
- Work with Experienced Professionals
With such a big investment, it is sensible to take the assistance of real estate professionals. You must hire licensed and thorough property experts. They can underline any issues that may potentially become costly repairs for you.
Hence, once you are ready to own a property, it is essential to identify all the things mentioned above. With detailed research and comparison, you can invest in the best real estate in Northern Beaches.
Author: Ester Adams