| Buy with your pocket in mind, not your heart! Most people can’t afford to buy exactly what they ‘wish for’ so be realistic and buy for resale as much as for your enjoyment. It is also worth remembering that it is considerably easier (lots in fact) to make a good profit on a lower priced property than a more expensive one. Whether you realize it or not you will most probably be selling your home within 6 years – so, buy with this in mind - to maximize your chance of a handsome profit. It is obvious that position is the most important thing to consider but one should always remember that life can be unbearable if the repayments are too high. Buying a home should be a happy occasion - not a constant drain on your finances and life style. If you are unsure as to where best to buy it is a fact that in most towns/cities throughout Australia you should never go wrong with central properties – the more central the better (but these can also be more expensive also). It is usually smarter to buy an older home in a central area than a large smart new brick home in an outlying area. Do your own homework…and if your agent is not prepared to assist, go else where. |
