Do You Homework Before Buying Property
If you’re going to build a new house it’s important to select the best property. Often people buy a property for their dream house only to find that they haven’t done their research properly and there are unforeseen costs, or the property isn’t suitable for their needs, or the area’s character is changing, or isn’t as expected and it isn’t such a desirable place to live. Buying property is a major investment. There are often transaction costs and fees to pay, so it isn’t as simple as making the wrong purchase from the shops and being able to take it back for a refund. In this case, selling a property that’s unsuitable will almost certainly lead to large additional wasted costs.
It’s essential not to purchase on impulse, but rather to do your homework.
Buying into new suburbs far from the city and with limited infrastructure (such as schools, shops and transport networks) could be a mistake, even leading to the value of your property decreasing and additional inconvenience, extra travel costs and long commute times. For more on the consequences to some people Read this Article.
There are many things to consider when buying property, which I'll discuss in future articles. My book An Introduction to Building and Renovating Houses Vol 2 finding Your Ideal Property and Designing Your Dream Home discusses this subject in more detail.
Want to know what to look for when buying property?
I've written 2 easy to read books 'An Introduction to Building and Renovating Houses - Volumes 1 and 2'. Volume 1 deals with Hiring Contractors, Managing Construction and Finishing Your Home. and Volume 2 deals with Finding Your Ideal Property and Designing Your Dream Home.
("Great for those that DIY. Very helpful in home renovations!" said a Reader on Amazon.com 5*****)
These books are available from Amazon and other online bookstores in paper and ebook.
The tips and advice in these books will save you money, they will minimise issues building your new home, and they will help you design and build your dream home. For as little as $20 you could save yourself thousands of dollars.
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I’m a construction professional, author of several successful construction management books, and a home owner. I’ve made mistakes in construction management, I’ve seen others make mistakes, but importantly I’ve had multiple successful construction projects and I’ve learned from the mistakes. I want to share these lessons and my knowledge with you.
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and 'An Introduction to Building Houses - Volume 2 Finding Your Ideal Property and Designing Your Dream Home'
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