Buying Tips

Are you looking to purchase a property for yourself, as your first investment property or part of your portfolio?

Atwell & Co are more than happy to provide you with our expert advice and guidance to help you find the perfect property to suit your needs.

Below is a small guide to assist you with your search. You can also click here fill out the details of what you are looking for an one of our sales staff will give you a call.

How much are you willing and able to spend?

Finance is obviously a big issue when purchasing a property. Remember to shop around for the best home loan deal that will accommodate your lifestyle. Consider how much deposit you have or need and how much the monthly repayments will be.

Don’t forget the extra costs associated with buying such as conveyance/solicitor fees, stamp duty, loan application fees, mortgage insurance, moving costs, rates, house insurance, any renovation costs you may wish to undertake and new furniture to fit out your home. There are online calculators available to help you work out some of these costs such as stamp duty, and mortgage repayments. We have these available on our site for your convenience. Click here.

What do you need to organise?

The more organized you are, the less overwhelmed you will feel. From the time you decide you want to purchase a property to the time it settles it is always important to be as organised as you can. It is a good idea to start your search by gathering mortgage and insurance information. Find yourself a solicitor or conveyance and shop around for insurance as well as finance before considering the purchase of a property. Organise your weekends so that your not rushing from property to property forgetting what each one offers. Keep a map handy when viewing properties, and leave yourself plenty of time to get there. Don’t be put off by bad weather, a leaky roof will not be so apparent on a sunny day.

Remember to always research the cost of moving, as it’s often the small fees not considered that can sometimes get you into trouble.

What are you looking for?

The most important thing to consider when in the market to buy a property is your needs.

Create a list of all your needs and wants in a property, from the amount of bedrooms and parking to kitchen fixtures and outdoor entertainment facilities. Sticking to this list will let you focus on what is important to you and not get side tracked by flashy marketing campaigns or the sales pitch of the agent.

You will also need to determine if you are looking for a beautifully renovated or brand new property, or a property that ticks all the boxes but may need some work.

Space is also a big issue to consider. Think about the amount of room for storage or maybe you are a growing family. The more detailed your list, the better you will be able to compare properties and find your dream home. If the location you are after does not match your budget, we can suggest an alternative, and are more than happy to provide you with expert advice on the area you are interested in.

Remember that your emotions can get in the way when viewing properties, which is where your list will come in handy.

LOCATION?

This can be as specific or as general as you want. You will need to take into consideration your budget, travel time, local amenities and transport. We are happy to provide you with advice and information on the areas you are interested in, as well as price guides. When inspecting a property remember to inspect the area as well, checking the proximity of shopping centers, schools, restaurants and transport.

Atwell and Co can help you take care of your property management portfolio. Browse the following pages for more information about property management in specific suburbs around Melbourne including property managers Prahran, property manager Southbank and property management Docklands. Don’t waste any more time looking for properties management Melbourne. With Atwell and Co you are in the right hands.