How to Avoid a Dud Property Purchase

Buying a property is an incredibly costly investment. You will probably have to save money for decades or take out a huge bank loan to pay for your investment. Given the high cost and risks involved, it is necessary to carry out a proper due diligence on the property market and the property itself to ensure that you are not making a dud purchase. The property you are buying must be in the best condition before you sign the contract and proceed with the purchase.

Here are some steps and precautions that you can undertake to ensure your property investments are as smooth as possible:

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Units or Houses Which Makes The Best Investment

Property is one of the best asset classes for many Australians looking for investment vehicles. According to the latest ASX Long Term Investment Report, residential property in Australia still yield quite an impressive return on investment and averaged at 8% per annum over a duration of 10 yearss.

Many investors avoid this asset class because it is very costly. To comfortably buy property, you must have saved money for years if not decades and you still have to take a mortgage to afford the property. You will probably pay your mortgage over another two decades.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Why Building Inspections are Even More Important When Purchasing at Auction

Before you head out to an auction for a particular building or buildings, take the time to visit the property and do a comprehensive building and pest inspection. This is also a risky strategy because you are not guaranteed of a win in the auction but it is a good insurance against a potentially dud property purchase.

Buying properties through auctions can be costly affair if you do not have a well-tuned strategy on assessing the condition and value of properties before heading out to auctions. Without good information and insight into the property, you will probably end up paying too much for it. Buying a dud in an auction may unlock a Pandora’s Box of problems that may end up keeping you out of pocket for many years. If you are buying it as an investment property and you are overpaying for it, you are most likely going to lose money over the long run.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Tips to Negotiate The Best Price on your New Home

Negotiating the best price for your home is both an art and science which requires a clear strategy, some market insight as well as some persuasion powers. Without a negotiating prowess and a good strategy, you are most likely going to overpay for your home. Here are some tips on how to negotiate the best prices when you are purchasing home inspections melbourne.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185

Phone (03) 8657 0007

Email: support@inspecteast.com.au

website: https://www.inspecteast.com.au

google maps: https://goo.gl/DxkgiY

How to Cope with Buying Stress

There are so many choices that are available in the market as well as various features that you need to factor in to get the right home for your needs that will suit your budget. Not to forget the amount of paperwork that you have to handle and the tedious work that goes into preparing the paperwork.

However, with the right approach on your part, you can get this process right without losing your sanity. Here are some useful tips on how you can stay focused during the house inspections melbourne and get the keys to your dream home with a complete peace of mind.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Watch Out in Renovating Your Bathroom

All bathrooms must be thoroughly wet-proofed otherwise you will be creating the perfect recipe for disaster. Don’t skimp on your bathroom waterproofing. Hire a licensed and professional bathroom renovations expert with extensive experience in waterproofing who will pay close attention to this aspect of your renovations. Poor bathroom waterproofing is one of the top building problems experienced in many Australian homes and its long term effect can be costly.

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Inspect East
117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Maintaining Your Home

Buying a home or building a new home is a huge step for a first-time buyer. To ensure that your home remains in tip-top shape and that it does not shed some of its value, you have to have a regular home maintenance regimen that will keep the home looking good while maintaining its structural integrity as well as the condition of the various surfaces in the home.

Here are some useful tips in home inspection process for the best condition and save some money over the long term.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

The Rights of Tenants

Renters face a lot of pressure in an increasingly costly property market where many are getting priced out. Knowing your rights is a step in the right direction to ensuring you have a smooth and pain-free stay in your new premises. Here is a look at some of the basic rights and responsibilities that you have as a tenant in Australia.

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Inspect East 117/283 Glen Huntly Rd Elsternwick VIC 3185 Phone (03) 8657 0007 Email: support@inspecteast.com.au website: https://www.inspecteast.com.au google maps: https://goo.gl/DxkgiY

Buyer Beware Flippers Looking for Properties to Turn a Quick Buck

The business is partly driven by the current market activity. The Australian real estate market is in a kind of mini-boom so flippers can buy more properties with confidence and move them quickly to recoup their investments.

House flipping is also lucrative because current investors do not have to compete with upcoming construction projects as was the case a decade ago. What is being sold are mainly pre-existing properties and that creates some good activity in the market.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Common Mistakes Made when Renovating Your Home

Professional home renovations bring out the “hidden value” in your property. It is an opportunity to re-imagine your home design and function and bring out the best in it based on your current tastes and preferences. Yet home renovations can go awry and in the process, waste a lot of your money.


Bad renovations are not just a financial waste; they are also unsightly and may lower the value of your property. It is therefore important to watch out on some of the common home renovation mistakes that are likely to ruin your reno projects.

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Inspect East
117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Costs in Selling and Buying a New Property

Buying or selling property is no doubt an engaging and tedious process involving lots of documentation and transactions. Beyond the buying or selling prices, there are numerous fees that you also have to foot throughout the process. Here is a look at some of the costs that you will most likely grapple with when it comes to the buying and selling of property.

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Inspect East
117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Why Saving for Your First Property is So Difficult

If you are grappling with pressing current expenses, future plans and priorities such as college or real estate investment will quickly stop being priorities. They will simply be unachievable goals. It is called the psychology of scarcity. Once you are in the grip of it, you are practically helpless when it comes to prudent financial management. You will be living for the moment and surrendering your affairs to “fate”. And fate may not be so forgiving.

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Inspect East
117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

What are the Best Areas to Look for Properties for Capital Gain?

If you are scoping out real estate for capital gains, you have to look at various aspects of the location or target market. Is it a “dying” neighborhood or one that is undergoing a great deal of commercial or industrial rejuvenation and where significant wealth is likely to be created in the coming decades?

Some of the best areas to purchase property for capital gains include the following.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

New Trends in Gardens and Outdoor Living

Create a Little Luxury in Your Backyard

You can bring out the luxury in your backyard with beautifully designed landscaping and gardening. There are thousands of gardening ideas that you can work with but you will have to factor in things such as the choice of plants, the design and other attractive features. You can create a rose garden or add some clematis among other plants.

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Inspect East
117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

Termite of the Week

It is not an everyday occurrence to find live termites. I found this colony on a routine pre-purchase building and pest inspection in the Eastern suburbs of Melbourne.

The termites discovered appeared to be from the Termopsidae family. The identification needs at least a 10X hand lens or preferably a low power microscope. However the only way of being sure of a species is to collect specimens and refer them to a scientific authority with a termite specialist. It is also important to document the date, geographic location, collector’s name and reference number.

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117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY

What makes the best investment? Shares or property?

This is the dilemma of every aspiring property investor, especially given the recent turmoil in the real estate and financial markets and the backdrop of the 2008 financial crisis and the foreclosure crisis. Given the rising inflation, it is key that investors make the most of their investments using the right investment vehicle.

Picking the right investment channel, whether stocks or property, can help you ride out the storm of uncertainty. Grappling with the stocks versus share dilemma. Let us try and unweave the strands and see which option might most suitable for your circumstances.

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Inspect East

117/283 Glen Huntly Rd Elsternwick VIC 3185
Phone (03) 8657 0007
Email: support@inspecteast.com.au
website: https://www.inspecteast.com.au
google maps: https://goo.gl/DxkgiY