Buying a new home can be either exciting or stressful and that all depends on your level of confidence. Confidence largely depends on how informed you are. So, here is a checklist that identifies all the big factors you need to consider when you are buying a new home.
The neighbourhood
Birds of a feather flock together. So too do people. So, take time to get to know the potential neighbourhoods you are considering. Is it attracting people like you? Does it have the amenities – built or planned – that you will want? Look into the local council and learn about the issues affecting the area as well as the medium- and long-term plans the council has. If you are considering two or more possible neighbourhoods, do a pros and cons list for each.
The developer
Look into who the developer is, assess their track record and possibly visit previous areas they have developed. Make a list of the things you like about the developer’s approach and develop a set of questions you might want to ask them. When you do talk with them make sure you are satisfied with the answers you get. You also need to be sure the local council will approve the home you wish to build with a minimum of fuss.
The builder
Track record is everything for builders. So, make sure you are dealing with a well-established company with a current licence. The longer they’ve held a licence, the greater the likelihood they know what they are doing. We’ve held a licence since 1989.
Winning industry awards or being finalists in awards is always reassuring. It is a very competitive industry and awards reflect quality.
Make sure the build also meets all local council requirements and will not be delayed by council processes. So, check potential builders for any non-compliance issues, fines, disciplinary action or even tribunal orders, as they warn of headaches you won’t want.
