Collings Real Estate, Edit

4 Shortcomings First Home Buyers May Experience When Purchasing a Property

May 14, 2021

Extra costs

Make sure you’re leaving enough room for water rates, council rates and potential strata fees.

Having a reasonable budget

Having a reasonable budget means that you’ll be prepared for the other costs involved in owning the property as previously mentioned.

Arranging insurance

Just like owning a car, it is important that you will arrange insurance on your property.

Clouded judgement

Many purchases rush into a decision due to clouded judgement. Make sure that you read over the necessary documents and do your due diligence before purchasing a property.

Looking for further readings about this topic? Read up on our blog about choosing between buying now or waiting.

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