Making Property Buying Easier
At Turramurra North Real Estate, we realise that buying a property, especially if it is your first purchase, can be a daunting experience. By offering professional service, we hope to make your experience more enjoyable and ensure you understand and are comfortable with the options available at each step of the buying process.
When calculating how much you need to borrow to finance the purchase of your home or investment property, don’t forget to allow for the additional costs associated with the purchase, such as solicitor’s fees, stamp duty, pest and building inspections, removalists, new furniture or furnishings, and any additional work that may need to be carried out, such as renovations or landscaping.
It is useful to have your finances organised prior to beginning your property search, as this will make it easier for you to make a quick decision if you see a property that appeals to you. A property is only sold once the relevant paperwork is signed and the deposit is taken.
Many lenders will provide you with a written “pre-approval,” which can be a useful tool when negotiating on a property.
SETTING YOUR PRIORITIES
Needs and Wants
Before you begin your search, it is important to determine your housing needs and wants and to discuss these with your agent to avoid precious time being wasted looking at properties that do not meet your essential criteria.
Your “needs” are your minimum requirements, with your “wants” being any desired additional features. Keep in mind that there may be certain elements of a home that you do not want also. Through online property sites (such as domain.com.au and realestate.com.au), you are able to enter certain search criteria, which will aid in the elimination process.
One very important piece of information to note is that very rarely does the “perfect” property exist. Typically there are certain elements to a property on which you will need to compromise, and it is useful to have these worked out prior to beginning your search. A useful way of doing this is to prioritise your list of “wants.”
Additional Information
The Office of State Revenue provides information and an up-to-date stamp duty calculator.
For general information, you may wish to visit the Department of Fair Trading website, while more specific information in relation to local council requirements and facilities can be found at the Ku-ring-gai Council website http://www.kmc.nsw.gov.au.
A Peaceful Lifestyle With Community Appeal
North Turramurra, being adjacent to the Ku-ring-gai National Park and Bobbin Head, offers a quiet and leafy lifestyle, supported by a shopping village catering to most needs with larger centres only a few minutes' drive away.
As more and more people discover the benefits of the upper North Shore, they are drawn to the seclusion and sense of community the area provides and, as such, prefer to stay in the area as they are approaching the later stages of life.
As a result of this high demand, there have been a number of over 55’s developments and retirement villages built in North Turramurra. Appealing to those who are wanting to downsize, many of the residential offerings provide beautiful gardens, recreational facilities, and dining, with the luxury and independence of having your own home should you want privacy.
Examples of some of the local facilities include:
- The Cotswolds Village
- Huon Park
- The Landings
THINGS TO NOTE
When Buying a Retirement or Over 55's Living Home
The process involved in the purchase of such a property differs from a typical residential sale, as the period it can take to exchange often takes longer due to the legal requirements.
To discuss retirement living and the processes surrounding purchase in more detail, please do not hesitate to contact us, as we have experience in the area.
Need expert help with buying property in North Turramurra?
Contact us today on 02 9449 3075 — we're here to guide you every step of the way.