Checklist to Use before Buying a House

House and land packages in Sydney are highly capital intensive. So you cannot afford to

House and land packages are highly capital intensive. So, you cannot afford to make mistakes, as it could bring you a lifetime of grief. 

Whether you are looking for land for sale Townsville to build a house or a house and land package you want to avoid minute blunders. To do so it is suggested to craft a checklist to use before buying. This could help you check all the aspects you want to dig into, legal or general. So, to help you create a much more effective checklist, we have jotted down certain points that you should consider including in your list.

To avoid minute blunders, crafting a checklist to use before buying a house is suggested. This could help you check all the aspects you want to dig into, legal or general. So to help you create a much more effective checklist, we have jotted down certain points that you should consider including in your list.

Read on to know them.

Legal checklist

  1. Property document checklist

Before finally signing the deal, make sure the property papers are correct, that is, the government order for grant, succession certificate, etc., evidencing the transfer of title is correct. 

Also, check the development right and power of attorney is in your favour before signing the papers. 

  1. Verify the identity of the seller

Similar to verifying the title of the property, as a buyer, you should also ascertain the seller’s identity. Also, check the specific conditions governing the ability of the seller to disseminate the property. 

Consider whether they have consents from the government to sell the property or not, along with their nationality and residential status. 

  1. Modification and land use permission

With the increasing merger of revenue lands and urban conglomerates, the government usually doesn’t allow the conversion of property for non-agricultural use. Hence make sure the property you are buying doesn’t fall into such a category. 

Also, examine the master plan and check whether the property is developed following the zoning plan or not. If not, then obtain legal orders permitting a change of land use, as it is mandatory. 

  1. Status of tax payment

Non-payment of taxes often hinders the marketability of the property because of charges and penalties it draws. So you must verify the tax payment status before finalizing the property. 

General checklist

  1. Ease of commute

Looking for the modes of commute to your workplace and other necessary areas from the house you are planning to buy is necessary. These fall under the basic heads, and you cannot afford to overlook these factors as they might hinder your basic living routine in the long run. 

  1. Safety

While looking out for a property, make sure you keep a check on the safety as well. Usually, the old or already colonized residential areas have better safety measures than the new properties. However, houses built by Hudson Homes don’t require checking the safety factor. That is because they check the area much before starting their construction. 

  1. Proximity to necessities 

Once you move into the property, you would need some basic amenities to fill in your daily requirements, such as food, health care, education, and water and electricity supply. One cannot plan to have a normal life without these pieces of stuff. So check the availability of these necessities before buying and shifting into the house. 

Conclusion

Apart from the things mentioned on both the legal and general checklist, there are many more things one needs to consider before buying a house. Since house and land packages in Sydney can cost you a hefty sum of money, make sure you include all the possible aspects into your checklist.

Author’s Bio

Shrey Jain is the Co-Founder of Writofy & a Chartered Accountant who works with a team of creative content writers. He holds a forte in creating informative content on niches like crypto, business, fintech, digital marketing, and several others. In addition, his willingness to learn and share his knowledge can immensely help readers get valuable insights on varied topics.

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