Tips on building or buying a new home in Sydney
Before you start on your new journey on building or buying a new home, there are some things you will need to consider in order for your project to run smoothly.
One of the most important things you will need to look at is your budget. Owning a house will take a toll on your financial income and you will need to be able to budget accordingly. Go to your bank and speak to your financial advisor to understand what kinds to loans you will be able to take and how much interest you will be paying per month. It’s a good idea to shop around when looking at mortgages, as the slightest change in rate can save your thousands in the long run.
Once you have looked at your budgeting, it’s time to look at the different areas you would like to live in. Your budget will be the determine factor on the area and size on the homes you wish to buy. Try and calculate an average on the areas that you are thinking on living. This will be a good indicator on the ball park figures that houses in those areas will cost. Also keep in the mind the style of the homes you are comfortable living in. Some areas can be listed as heritage and will be difficult to renovate in you are looking for a modern look.
At this point you would have a selection of homes that you are interested in. Inquire about all the costs not listed as the base price of the Sydney custom homes. Ask your real estate agent if there are any recurring costs such as strata costs if you are looking at buying an apartment. Additionally check if there are any delays such as council applications or contracts that can waste your time in purchasing a home.
It’s a good idea to also check the suburb your future Sydney custom home is located in. Walk around and see how close the railway station or bus in located. Also have a look at where the nearest shopping centres and if there are any restaurants nearby for them days when you will not want to cook at home. Additionally, as parking is becoming more and more scarce especially in Sydney, ask the local council what parking restrictions are there nearby your future home. Councils are becoming increasingly strict on the length of time and the amount of cars you can have outside your home. In the Sydney city, councils are limiting the outside public parking to one vehicle and visitors are only allowed to need a coupon type system 30 times a year. This can be troublesome if your home doesn’t have a internal parking spot and you have more than one car that you need to park outside on the road.
Buying a Sydney home from a developer or builder can be a very rewarding experience and it’s a good idea to take your time in researching prior to buying a home. Contacting your bank, real estate agent, builders, developer can be be a huge benefit. Proper research and planning can save you time and money when buying your home.
If you have any inquiries, feel free to give our builders a call so we can discuss your options when either building or buying your home.