Browsing the listings can be exciting, but to ensure your project has a smooth road to success, there are 4 key considerations you should think about before purchasing a house.
1.
Know your end game
What is the outcome you want to achieve as a result of this project. Are you looking to create your first home? An investment property, or develop home and income?
2.
Do you have land available?
Is the land suitable for relocating a home onto, or is further ground work required? Many banks will require technical reports prior to confirming lending.
3.
Budget, Budget, Budget!
As with any housing project it is essential that you understand all the essential project costs. Wise people will also add a 10% contingency, just in case! This minimises any budget surprises that may stall your project.
4.
Organise your Finance
Now that you understand the feasibility of your project you can confirm your financing requirements. Having pre-approval gives you the luxury of taking time to find the right house for your needs.
To ensure your housing project is a smooth process, download our Definitive Guide to Buying a Relocatable House.
