Everything you need to know about purchasing a new house
Are you looking to make your first big property purchase? The perfect option would be to invest your money wisely in a brand-new housing development. These properties are in high demand and will retain value and grow as an asset over time.
Get started with enthusiasm and knowledge
Once you've decided on a budget and are comfortable with your financial understanding of what comes with buying a new home, you can be confident in making smarter decisions. Although it may seem daunting, Aska Property Group has a team of dedicated experts on hand to guide you through each step. This is an important stage of anyone's life and should be handled with care and professionalism, which is something our company focuses on.
It is a good idea to get pre-qualified from a bank or your choice of financial institution. This gives you and your property practitioner an indication of your budget ballpark when looking at listings. Your credit score will be a determining factor in securing a home loan if needed. It is always wise to maintain a clear record for purchases of this significance and to have additional funds available in case of unforeseen costs.
Work with your team
You and your property practitioner can weed out the top 3 properties you are interested in and weigh up the pros and cons of each. Property practitioners are essential when investing in new developments as they have first-hand knowledge of the area, convenient amenities, school systems and more. Once you've identified a potential property you are interested in, a home inspection can be arranged. If you are buying a brand new home in a development, you can request a meeting with the estate's property manager to go over any queries you have. Home inspections aim to protect the buyer from being held liable for any defects that were discovered before the sale agreement.
After the inspection, if you are satisfied and want to proceed, your property practitioner can arrange for the sale to go ahead. If you are not buying your house in cash, now is the time to organise your home loan and get the financial paperwork in order. The next step is ensuring the transfer of property goes smoothly and the bond registration. Both of these fees will need to be paid by you. A conveyancing attorney will oversee the process and will be provided by the seller of the home or the current developers.
Titles are important
Once the funds have been cleared and you own the property, the deeds office will authorise the title deed in your name. This legally confirms you own the property. If you have a home loan, the title deed stays with the bank until your loan is paid off. Having a brand new home ensures you have peace of mind when it comes to maintenance, modern finishes and security. Developed suburbs have created a sought-after lifestyle for families and professionals who are seeking a comfortable, progressive environment in which to live and thrive.
When making a considerable investment such as buying a new home, one should factor in the benefits of quality workmanship from top-notch contractors, bespoke fittings, environmentally-conscious materials, proximity to convenient amenities, or the ability to watch one's investment grow. Adding an item such as a brand new property to your real estate portfolio is a worthwhile financial move that works in your favour in the long run. With the premium offerings in Aska Property Group's listings, we know you're bound to find your dream home and potential life-changing investment with us. Contact us today for more information.
29 Sep 2023
Author Aska Property Group