Property inspections, pest inspections, a thorough review of the neighbourhood – these are only the first few items on your list. 

We don’t need to tell you buying property ain’t cheap, but it bears repeating that you’ll need to do your due diligence before signing the deeds. Inspecting a property is only the start of really inspecting a property, if you catch our drift.

Here are some things you might want to consider before buying your home.

1. Location

Some aspects of the location could be ideal for your lifestyle, but those same ones might also add to your insurance premiums.

“While living next to a park, similar public space or bushland might be desirable, it can also make your insurance more expensive,” Youi Actuarial Team Manager – Home Insurance, Chris Hope says

“Similarly, areas close to locations such as train stations or major bus interchanges experience elevated levels of crime and associated insurance premiums.”

When it comes to location, it’s not only about unforeseen insurance costs either. You never know if there’s an amateur bagpiper next door or wannabe street racers frequenting your spot.

“Visit a potential property and neighbourhood at as many different times of day and days of the week as you can to gauge potential noise and other irritants, which could come from nearby businesses, neighbours, traffic and flight paths,” Chris adds. To read the other 3 checks, click here