If you’re family is currently renting a home in Australia and you’ve decided it’s time to buy, then I have some tips for buying a family home in Australia. You need to know what to look for when searching.
There is more involved in the home buying process than just what the house looks like. You need to consider the area, your neighbours, the schools, the commute to work, and, of course, your budget.
Working with an Australian realtor who has experience helping families purchase their first home is your best bet for finding your dream home.
Your Home Buying Budget
Before you can begin looking at available homes, you need to figure out how much money you have available to put down and how much you’ll need to borrow. When purchasing a family home in Australia, it’s important that you don’t exceed your budget.
Many families start with a budget but see a beautiful home that’s a bit out of their price range. Instead of waiting and looking at more budget-friendly homes, they borrow more to buy the expensive home and end up with high payments that may become troublesome in the future.
To avoid shopping outside of your budget, let your real estate agent know exactly what you’re looking for and the maximum you can pay. This way he or she will show you homes that fit your needs without going over budget.
Scoping Out Different Areas
Depending on your needs, you may want to look at homes in the city, country, and suburbs. If it’s important to be close to work with little to no commute, you might want to find something in the city.
If you’re looking for a lot of land or a place to raise cattle or horses or want the country lifestyle, there are great options for you. Suburbs are a great choice for growing families who want to own a home that’s not in the middle of the city but not too country, either.
You’ll need to consider the school system and the location of any universities. Your Australian real estate pro can help you locate information on the local schooling system, as well as tell you which school your children would be attending based on the location of the home.
You will also want to find out about the crime rate, and do a little research on the neighbourhood before making a purchase.
When buying a home as a family you want to make sure it’s large enough for friends and family.
Do you need a yard for children to play? Is there an outdoor entertainment area for barbecues and get-togethers? Is the area pet friendly with parks and outdoor walking areas? Any interests that your family has should be considered when making a home purchase.
By creating a detailed list for your real estate agent, you can relax and enjoy looking at the different listings, knowing your agent is showing you exactly what you want to see.
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