Even though our plan was not to purchase a place for at least a year or so – at least this is what we agreed was feasible with our savings – we still felt like it was important to start exploring the market.
We started heading out to Saturday inspections, and by ‘we’ I mean me and Mum. Jordan really enjoys spending his weekends on the golf course… that feels worth highlighting.
Honestly, I was pretty surprised by the variance in terms of the quality of the houses we looked at within our price range. But it was comforting getting out there and seeing what was in the market. It reaffirmed our intention to purchase something older, something that we could eventually fix up later down the line when we were better set up financially. It also assured me that the kinds of things that were mandatory for us were available within our budget.
Even though our plan was not to purchase a place for at least a year or so, we still felt like it was important to start exploring the market.
Since we always knew that moving into the property down the line was a real possibility, we really liked the idea of finding a house that we could make our own. Better yet, we liked the idea of finding a house we could one day make into a home.
The number one thing that stood out during this part of the process was how important it was to get out there and do some ground work. It wasn’t until we saw what was out there that we were really sure what we were getting ourselves into.
Plus, don’t be afraid to use your network for advice. The fact that I could always ask people at work questions while I undertook my research really helped give us the insights we needed to find the best property to suit our needs and nail down exactly what we were looking for. Doing our own research also helped make us more discerning. Because we knew what different price points could get us around the area, we felt prepared to be practical and level-headed investors when the time came.
Little did we know though that the time was going to come a lot sooner than we expected.
Once you understand what you can afford, it’s important to get out into the market and explore the reality of what’s available. Don’t forget, ING DIRECT has home loan specialists available from 8am-8pm Monday through Friday and from 9am-5pm on Saturday to answer any questions you may have along the way.
Whilst Sam is an ING DIRECT employee, these are her own views as an ING DIRECT customer Testimonials appearing on this site are individual experiences of customers that have used our products and/or services. We do not guarantee that they are typical results that consumers will generally achieve. Testimonials are not necessarily representative of all those who will use our products and/or services. A Pre-approval is not a final or formal loan approval. A pre-approval is simply an indication of your ability to borrow funds based on the information provided.
The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Home and Contents Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.