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Property Valuation - Things to check before buying home



I know how painful it is to buy home, at least first time. You need to check many things and make sure that not doing any dumb mistake as it will lead to expenses which you can’t even imagine.
Before committing to real estate agent (before paying 10% property value and after 0.25% in Australia or during cooling off period), I suggest anyone to go through this list and calculate how much you need to invest after moving to the house. This calculation helps you to plan and negotiate house/ unit price better with real estate agent or vendor.

In addition to this check list, make sure that you organize pest and building inspection from reputed company.
This check list helps for home buyers who are buying for personal use or investment property. In fact this home buyer’s check list helps more property investors.
Item
Checked?
Comments
Immediate cost
Future cost
Kitchen




Doors




Windows




Lights (Lighting adequate?)




stove, all 4 plates




Exhaust fan and fan above stove




Floor




Cup boards (Open and close fine?)




Taps (Hot and cold water, no leakage?)




Power points test?













Doors




Windows




Lights (Lighting adequate?)




Cup boards (Open and close fine?)




Power points test?




Floor




Taps (Hot and cold water, no leakage?)




Shower ( Cold and hot water)




Tiles condition (Breaks)?




Any leakages anywhere?




Exhaust fan exists? If yes working?




Leakage from screen while taking shower?









Living room and entrance room




Doors ( Check lock and unlocking with keys)




Windows




Lights (Lighting adequate?)




Cup boards ( Open and close fine?)




Power points test?




Floor




AC check( Cold and Hot)




Check behind furniture if anything wrong




TV antenna socket connected?




Phone socket check (using??)




Fire alarm









Bed room 1:




Doors ( Check lock and unlocking with keys)




Windows




Lights (Lighting adequate?)




Cup boards (Open and close fine?)




Power points test?




Floor




AC check( Cold and Hot)




Check behind furniture if anything wrong




Bed room 2




Doors ( Check lock and unlocking with keys)




Windows




Lights (Lighting adequate?)




Cup boards (Open and close fine?)




Power points test?




Floor




AC check( Cold and Hot)




Check behind furniture if anything wrong









Bed room 3




Doors ( Check lock and unlocking with keys)




Windows




Lights (Lighting adequate?)




Cup boards (Open and close fine?)




Power points test?




Floor




AC check( Cold and Hot)




Check behind furniture if anything wrong









Studio/ Garage




Doors ( Check lock and unlocking with keys)




Windows




Lights (Lighting adequate?)




Cup boards (Open and close fine?)




Power points (socket) test?




Floor




AC check( Cold and Hot)




Check behind furniture if anything wrong









Swimming pool




Water connection




Hot water connection




Rust to fencing?




Pool gate fix?




Pool shell fix??









Fence condition (Any damage?)




Vermin wire check?




Is there any security alarm




Paint condition in house




Paint condition out side




Gas meter? Gas connection




Pest treatment




TOTAL COSTS                                                                                                                                                     $$$         $$$        
In addition to above, NSW (Australia) government published a useful Home buyer’s check list but that is not related to costing. You might find it useful.

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