By buying property, you are investing in your future – real estate is a classic asset for wealth building. We can provide comprehensive advice on the best way for you to manage your finances when buying a property. When you rent, your money is going into someone else’s pocket; when you buy, it is an investment, and you start to build equity.
Additionally, you are able to take advantage of capital gains when you sell the property in the future. As a homeowner, no more money is required to be paid out in rent, allowing you to keep more money in your pocket. This can be beneficial for those who are looking to save or budget their monthly outgoings plan. Moreover, if you decide to take out a mortgage, then you have the option to refinance later on and increase your equity.
FAQs
What costs are involved in buying a property?
Over and above the cost of the property itself, prospective homeowners will need to consider legal fees, stamp duty, loan establishment fees, removal expenses, property search fees and building insurance. Depending on your location, the amount of these costs can vary significantly. At Listed Estate Agents, we can guide you through the process and help you budget for these expenses.
How do I know what type of property is right for me?
When deciding on the type of property that is right for you, it is important to have a detailed brief in order to get the best outcome. At Listed Estate Agents, we provide in-depth market appraisals to ensure that you are fully informed about your purchase, location, property size, value and potential. We strongly recommend getting professional advice and a financial strategy plan to ensure that you are making the smartest investments.
When is the best time to buy property?
The best time to buy property is when there is an increase in volume and reduced prices in the market. This could be due to seasonal changes, government incentives or other economic fluctuations. It is important to do your research and consider any available government incentives when deciding to buy property, as this can make a considerable difference to your purchase price.
At Listed Estate Agents, we keep an eye on the market and can provide reports on the best time to buy, as well as advice on when and what to buy to maximise your return on investment.
Successfully Sold
View properties in Perth’s northern suburbs we have recently sold.