Have you found the right property for you and about to make one of the biggest decisions in your life?
Here are a few things you may like to think about before committing:
- Changing property
Buying a house and planning to change a few things around or improve the property? Think about the changes you will be able to physically make and whether you will be allowed to make them.
Local councils have stringent regulations as to development. Every area is unique and has different policy. Some developments are allowed, some need council’s approval and some a prohibited completely. Similarly, some proposals are more likely to be approved, unlike others. Another consideration is the location of the sewer and the regulation around pools, if having a pool is on your mind. Some
Staying informed on such issues is critical for making sure you can extend your veranda, build an extra garage or install the pool where you planned it. Speak to one of our specialists today to ensure all your plans realise.
- Restrictions or permissions on title
Did you know that you and you neighbours may have rights to use each other’s land or be restrained from putting your land to a particular use? For example, your neighbour may have a right to pass through a pathway technically located on your land to access the beach. If this right is recorded on your title to the land, you cannot prohibit them using the pathway on your own motion and the only way to do that is to seek a court order. To make sure you are aware of these rights and that you have all the rights for peaceful living, consult HERAS Law today for their timely advice.
- Foreign buyer
Recent legislative changes in Australia introduced a surcharge purchaser duty, and changed stamp duty obligations for foreign buyers. Some foreign purchasers are now also required to receive approval from the Foreign Investment Review Board. HERAS Law gives advice in this respect and guides our clients through this process.
- Insurance
As a purchaser, you may be liable for insurance from the date the contracts are exchanged. That is, from the day both parties sign the contract and you pay the deposit, and before the contract is completed and you receive the keys. HERAS Law lawyers can clarify your insurance responsibility, so that you can be certain to avoid paying for any misadventure.
- Mortgage
Please let us know if you are looking for recommendations as to taking up a loan.
Call us today for our timely thorough advice on (02) 8705 5432 or email info@heraslaw.com