Things Nobody Tells You About Buying A House In Melbourne
Owning your own home is the Australian Dream, but with the Melbourne housing market becoming more and more competitive, there’s lots of things you'll need to take into account before you even consider buying a property.
From the hottest local cafés to where your new home sits on the transport line - we've put together your inspection checklist to make buying your first home a breeze!
Be wary of already renovated houses.
Has the house been recently painted? If so, be careful of what this paint could be masking. Make sure you get some history on the house – how many times has it been bought and sold in the past? What you don’t want is to inherit a property that was bought 6 months ago, flipped cheaply and now you get the ongoing headache. One way to avoid this is buy a new house and land package, like those offered by Porter Davis in Victoria.
You could get $10,000 for free!
If you are a first-time homeowner looking to buy or build a place up to $750,000 you could get a $10K bonus! Your new home can be a house, townhouse, apartment or similar but it but be valued at $750,000 or less and be the first sale of the property as a residential premises. It’s best to speak to your agent about it all, as there is a lot of forms to fill out!
Coffee is really important.
Melbourne has a huge, huge, brunch culture and people have their favourite cafe. Choose somewhere that has a good cafe scene and you will not only be walking distance to coffee (think sanity) but, if you choose to sell your property, that proximity to shops will add value.
Gardens and yards are hard work!
Living in Melbourne usually means having a busy life, with work and socialising, so you may not have time to manicure those hedges...
Street parking is a huge pain.
Can you park near your house? If you have people over on a weekend, will they be able to park? Driveway or garage will add huge value to your home. For 30-year-old John Thompson, it was worth living a bit further from the city if he had a garage to park his work ute. “I don’t mind adding 15 minutes to my commute if it means I can keep my tools off the street,” he said.
Public transport is HUGELY important.
Being close to trains, trams and buses is a big consideration. Think about where you are on the transport line. Will you get a seat every morning or will packed buses, trains and trams pass you Every. Single. Time?
You can’t just call a landlord anymore.
Factor everything in.
If something breaks, you have to fix it. If you let your bin overflow because you are lazy, you will get the fine.
Remember to factor in ‘fixing costs’ every month.
Yes, you will need insurance.
It’s no longer a "should I buy it". It’s a must. You own everything, and the costs can be way too high to repair everything if something bad happens.
Don’t trust everything your family tells you!
People are going to crawl out of the woodwork to give you advice on building or buying your home. While it may be well-intentioned, it’s best to seek expert help first.
Are there cracks in the walls inside or outside? This could be a sign of water leaks, or subsidence.
Is there bubbling or peeling paint? This is usually sign of a damp area.
Is there mould in the bathroom? That could be an issue with ventilation.
Does the house have heating and cooling?
Are the ceilings sagging?
Is the house built to current code standards?
Brought To You By Porter Davis.