BUY­ING NEW, IS IT FOR YOU?

There’s plenty of pluses, if you do the re­sarch and checks

The Weekend Post - Real Estate - - PROPERTY OF THE WEEK -

There is no doubt that many of us rel­ish the chance to buy a new home, as op­posed to the used ver­sion. And why wouldn’t you? Ev­ery­thing new, un­der war­ranty, the lat­est de­signs and fit­tings, no mod­erni­sa­tion or ren­o­va­tion re­quired.

Move in, hang your pic­tures in­side, plant some flow­ers and shrubs out­side, sit back and en­joy. For many, this is the per­fect hous­ing op­tion as a first home, in­vest­ment prop­erty, down­size or up­size.

How­ever, that feel­ing of low-risk, care­free home pur­chas­ing can lead to a false sense of se­cu­rity. Here are my top ‘buy­ing new’ warn­ing tips. Never ex­pect to make a quick profit. Al­ready con­structed? Have your new home pro­fes­sion­ally checked through­out and look your­self.

Off the plan? Do the vi­tal re­search, ac­knowl­edge ex­actly what you are get­ting and ask many ques­tions.

Know your ti­tle, com­mu­nity ti­tle, free­hold, body cor­po­rate, zon­ing, shared drives/ac­cess, ease­ments, obli­ga­tions. Don’t for­get ad­join­ing land and that zon­ing – what is it now, what can it be?

Buy­ing a block? Make sure you know the pa­ram­e­ters of de­vel­op­ment ap­proval, covenants, guide­lines for heights, set backs, coun­cil guide­lines, drainage, fenc­ing etc. Ob­tain an in­de­pen­dent soil test.

Un­der­stand lo­cal house prices and com­pare value.

Never buy with­out a site visit.

Fa­mil­iarise your­self with the area.

Use email to log any changes in writ­ing.

Sell­ing Houses Aus­tralia An­drew Win­ter is host of

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