Real Estate Investor Magazine April 2025 edition April 2025 edition | Page 122

RESIDENTIAL
RESIDENTIAL
Do you have up-to-date plans for the home?
You need to know about any structural changes or renovations to the home. Bendall recommends asking for council-approved architectural plans so that you can see what changes have been made and what permissions are in place.
Ask whether the home has heritage status as this could affect any renovation plans you may have. It may also mean that the home will require more maintenance and upkeep.
What are the zoning regulations in the area?
You don’ t want to buy your dream home only to find that your neighbour in front of you has permission to build up to 50 metres, which would obstruct your views.
Your neighbourhood may seem quiet, but if a surrounding plot is zoned for commercial use, you may soon find it home to a shopping centre or business. Be mindful of applicable zoning regulations and the implications for you.
Are there HOA rules and restrictions?
If your home is in a communal living estate managed by a Homeowners’ Association( HOA), ask about the rules and regulations. HOAs usually have rules for property maintenance- how the exterior of the home should look and the way the garden should be maintained, the number of pets allowed, the use of communal areas such as the pool and gym, how many people may live in the home and noise levels at certain times of the day.
The HOA will also collect fees or levies from each homeowner towards maintenance, security and other related costs, says Bendall. Ask upfront about these costs.
What fittings can I keep when I buy the home?
Some of the home’ s fittings may be included in the sale price. There could be bespoke outdoor furniture, for example, or a standout light fixture that you would like to keep. Ask if you can keep these as part of the sale conditions.

62 REI MAGAZINE APRIL 2025