For first-time buyers, the real questions start before the search begins.
Buying your first home is a weighty financial decision, and also a deeply personal one. The search, the paperwork, and the emotion of it all can be quite overwhelming. But asking the right questions early on can help you find a home that fits your life, not just your budget.
Here are the questions that can make the difference:
1. What is the realistic, long-term budget?
Bond pre-approval is one thing, but affordability goes beyond repayments. Factor in rates, insurance, utilities, and ongoing maintenance to get a more accurate picture.
2. What’s the reason for the sale?
Understanding why a property is on the market can provide useful insight. A quick relocation may open the door to negotiation, while persistent local issues could prompt caution.
3. How long has the property been listed?
Homes that sit on the market for a long time can indicate overpricing or hidden concerns. This information also helps guide offer timing and expectations.
4. What’s included in the sale?
When it comes to fixtures, finishes, and outdoor structures, nothing should be assumed. A detailed list of inclusions, written into the contract, avoids disappointment later.
5. What’s the neighbourhood really like?
Noise levels, traffic flow, parking availability, planned developments, and community feel all influence day-to-day living. A well-matched area is just as important as the right home.
6. Have there been recent upgrades or major repairs?
Structural changes should have proper approvals. Cosmetic touch-ups may look appealing but can mask poor workmanship. Ask for documentation where relevant.
7. How old are the core systems and components?
Plumbing, electrics, the roof, and built-in appliances can come with significant replacement costs. Knowing their condition helps with long-term planning and can inform the offer.
8. What are the typical monthly costs?
Beyond the bond repayment, it’s important to account for utilities, rates, internet, and, if applicable, sectional title levies or fees. A full picture of running costs supports smart financial planning.
Buying a first home comes with a learning curve, but asking the right questions makes all the difference. A trusted property consultant can guide this journey with confidence and care.
Download the free Chas Everitt buyer guide or speak to an agent to take the next step.
