How this buyer purchased a property with no deposit and no stamp duty costs
Changing consumer preferences and accelerated working-from-home trends have seen Australians abandon cities for more lif...
There are several things to look out for which will tell a buyer straightaway whether a property is worth pursuing.
According to a blog post by Underfloor Heating Trade Supplies, there are big things people should look for that will tell them if they should buy a property or not.
“First, you need to be convinced that the building is structurally sound. Look for big cracks,” the group noted.
“There are likely to be hairline cracks here and there, especially at extension joints or in the walls of end-of-terrace homes. However, if there are significant cracks or there is bowing in windows or walls, then you should ask some serious questions of the estate agent.
“These are likely issues a surveyor will find in the buying process, and it may prevent you from getting a mortgage.”
It’s important to ask yourself how old the roof is, according to Underfloor.
“A roof has a life expectancy between 15-20 years – so it may be that you will be expected to replace membranes and tiles soon after you move in,” it said.
“You should definitely stick your head in the attic space – to check for visible leaks or problems.”
Another thing to look out for is if the property appears damp.
“You are looking for mould, flaky plaster, watermarked walls and ceilings,” the group noted.
“Look up and look down as you are walking around – you should be interested in the ceiling and the skirting boards – as this is where you will see signs of covered-up damp easier.
“You should also check to see if there is condensation build-up on windows, which could indicate poorly fitted double-glazing or rotting window frames.”