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What Should You Look For When Buying a Flipped House?

house renovationThe rise in the numbers of property development companies in Melbourne has seen a boom in the number of houses being renovated. Prospective homeowners have a variety to choose from, thanks to companies like Equire.com.au. The number of scrupulous agents has also been on the rise making it hard to buy a house with a genuine value.

If you are looking to buy a renovated house, don’t buy the next house you find advertised. You should do more than that. Scout out several houses and narrow down your list to ones that offer the best value. This is only possible through research.

What should you look for in a renovated house?

Below are some tips for helping you buy a renovated house. They include:

How is Modern the Architecture?

Each neighbourhood has its signature architecture. Go to the house that is similar to others in the neighbourhood. It will be easier for you when the time for you to sell the house comes. 

Have the Home Inspected

Don’t buy the house until it’s fully inspected for drainage. Make sure the roof is watertight without any signs of leakage and the condition of the plumbing system is at its best. Replacements or repair can cost you a fortune down the line. The inspector will also tell you the quality of the things that have been replaced, and if a fresh coat of paint has been done on the roof.

Learn About Its Past Owners

Knowing the previous owners will help you understand what you are getting yourself into. You will know how many owners occupied it previously and how many times it has been renovated.

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Choose an Experienced Agent

An experienced agent will help you in getting the purchase procedures right. They will also advise you on the house to pick if you have a variety to choose from.

  • Posted on June 23, 2018