5 Essential Checks to Ensure a Sound Property Investment - PowerPoint PPT Presentation
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5 Essential Checks to Ensure a Sound Property Investment
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Every potential property purchase absolutely demands a professional building inspection. This is so you can check for structural defects, pest infestations, damp, asbestos, as well as any issues with plumbing or wiring. However, before you get to this stage, you’ll need to conduct your own inspection. – PowerPoint PPT presentation
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Title: 5 Essential Checks to Ensure a Sound Property Investment
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- Victoria's Premier Pest Control Specialists
2
5 Essential Checks to Ensure a Sound Property
Investment
3
Obtain
Reliable Legal
Advice
- The value of attaining good legal advice prior to
purchasing a property cannot be overstated. A
trusty conveyancer or solicitor can flag any
serious issues to you before they become a
problem, which will insure you against any
potential sales falling through. As well as this,
its always handy to have some legal advice on
hand to review the contract of the sale and the
mortgage agreement.
4
Conduct
A
Thorough Property Inspection
- Every potential property purchase absolutely
demands a professional building inspection. This
is so you can check for structural defects, pest
infestations, damp, asbestos, as well as any
issues with plumbing or wiring. However, before
you get to this stage, youll need to conduct
your own inspection. Telltale signs to look out
for are damp, mould, sagging ceilings, uneven
door or window frames and buckling. Furthermore,
you need to test all taps and water outlets, as
well as assessing the overall energy efficiency
of the property.
5
Understand
Your
Mortgage Market
- Before you even think about making a bid or offer
on a property, it is paramount that you know your
borrowing power. Ensure you have the best deal
available by talking to different lenders
reviewing their interest rates and investigating
potential product add-ons, so that you can
realistically determine just how much you can
borrow. As well as this, dont forget to
consistently consider your ongoing homeowner
costs and thus your ability to manage your
mortgage repayments in the future.
6
Get
An
Accurate Valuation
- One of the most common reasons for property sales
falling through can be attributed to innaccurate
property valuations. This problem amplifies when
you commit to a purchase at auction and your
chosen lender values the property at a lower
price than what you actually paid. This could
result in you having to borrow more money than
you budgeted for.
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Consider
A
Real Estate
Agent
- The game of real estate can often be a calculated
display of negotiation and bravado, which
laypeople can often fall victim to if they dont
have the proper knowhow. If you dont feel
comfortable making sale offers, bidding at
auctions or negotiating settlement terms, it is a
wise idea to hire a real estate agent. Not only
will a real estate agent find you a suitable
property, they will also evaluate properties for
sale and negotiate price terms.
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Get In Touch
With
Dawsons Pest Control!
- Dawsons Australia is a leader in providing
professional effective pest control to
homeowners businesses in Melbourne, Geelong
Mornington Peninsula. Get a quick quote by
calling 9222 2266 today.
9
THANK YOU
- http//www.dawsonspest.com.au
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