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After spending some time in renting business youll realise that you should stop throwing away money on rent month after month, and buy a house or an apartment. If you are going to buy your first apartment ever, then in this article will show you a checklist of things that you should verify before buying. Ive made this list because in future Ill want to buy an apartment for me, and I want to be aware of things that I need to know before buying, avoid unpleasant surprises and of course invest carefully in my future.

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• Decide on the area you want to buy an apartment. This may involving spending some time in that area or at least doing some research at home.

• Before you buy, research the market to make sure you are getting value for money. Talk to independent valuers and real estate agents, and check recent sales in the area. Don’t rely on advice from the developer or their agent. This is particularly important if you are buying off the plans. You want to know that the value of the finished apartment will reflect at least what you paid.

• Visit as many places as you can looking for properties that fit your criteria, so youll have a good idea of what your money buys.

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Deciding to buy property will probably be one of the most life-changing, and perhaps daunting, decisions of your life with many factors to carefully consider. Whether you’re a first home buyer or looking to make a wise investment for your portfolio, don’t undertake the homeowner process without doing your due diligence first — research, research, research!

That’s why we’ve put together a ten step guide to help you navigate buying a home. From finding the perfect location to suit all your needs to getting pre-approval and moving in, we’ve got your back!

First home buyer or looking to invest?

Buying a home can be stressful during the best of times, and it might feel positively overwhelming during a pandemic. Although a few of the details may look different right now, the overall process of buying remains the same — and understanding the key steps can help you reach your goal and make your dream a reality.

No matter when you plan to buy, there are a few things you should know. On average, the process of buying a house takes roughly six months. That includes about 4.4 months to shop, plus 30-45 days to close. The process of buying a house includes more than just touring homes. You also need to review your credit and financing options, find the right real estate agent , make offers and negotiate, get an inspection, prepare to move and, eventually, close on your new home.

Where to start when buying a house

Some of the first things to consider when you’re buying a home are how much you want to spend, where you’d like to live and what’s important to you as a buyer. Here a few questions to ask yourself:

We examine what a Real Estate Investment Trust (REIT) is; Australia’s largest and most prominent REITs and how investors can buy and trade them.

What is a Real Estate Investment Trust (REIT)?

In the most basic of terms, a real estate investment trust – or REIT – is an investment product that gives investors exposure to property assets. Australian REITs are known as A-REITs and are publicly listed on the Australian Stock Exchange.

Different types of A-REITs

On a more granular level, real estate investment trusts invest in different types of property assets – from residential property to office buildings. While many A-REITs focus on a specific sector within real estate, some may hold a diversified basket of property assets across a number of different sectors.

When buying a house, everyone has priorities. The buying process is complex and takes time, and it’s easy to get off track. Having written priorities is a helpful way to guide you through the process without forgetting some of the features that are important to you and your family.

Your realtor will also want to understand your prioritized list. Understanding which features mean the most will help eliminate houses that won’t work for you and compare the homes that will.

In this article, we’ll discuss about things to consider when buying a new house. Each will rank differently in importance for individual buyers, but all points are worth examining. If you haven’t already thought seriously about these factors, now is your chance.