Buying a new property comes with a myriad of considerations especially when you consider the steep price you're paying for it. It's important to undertake some searches to ensure the property you intend to buy is well worth it. Here are some searches you need to consider when you buy a new property, which your conveyancer can help you with.

Check The Property's Zoning Laws

Every property in your state may be subject to certain zoning laws, so it's important to research these to know exactly how you can use it. For example, certain properties near bushland will be subject to certain building rules based on their bushfire alert level. Similarly, some areas may not allow for double-storey properties to be built. Before buying, make sure you are well aware of the zoning laws to avoid any surprises later.

Inspect Existing Property Records

Inspect existing records of the property to ensure you have updated information that can help you make a sound decision. Existing property records will let you know the current rates position of the property, whether any road acquisitions are being planned, and whether there are any existing property notices. You will also be able to access information about floods on the property, sewerage network and resident parking permits. Getting your conveyancer to check this information will put you in a stronger position if you decide to make an offer on a property.

Enquire About Rates Balance

Enquiring about current rates balance prior to settlement will help you establish whether any arrears exist for paying land rates to the local council. This can help you identify how much the seller needs to pay before you need to start paying to council after settlement. Your conveyancer will be able to get information like quarterly rates, current financial position and property description.

Existing Ownership And Change Of Ownership Process

You'll naturally want to ensure that you're purchasing the property from the rightful owner, so your conveyancer will do a check of the property's existing ownership details. The conveyancer will also need to organise for a transfer of ownership from the seller to the buyer to reflect the new owner's details by following the process entailed by the local council under which the property falls. This may entail a small fee, which is dependent on your local state and council.

When you buy a new property, you need to consider several factors to ensure no mistakes are made. These searches can make your property purchase smoother. For more information, contact companies like Johnson & Sendall.