Homebuyer question: What do I look for when inspecting a house?

House inspections are a necessary part of the home buying process—after all, you want to know what you’re buying. However, there’s more to inspections than taking in the looks of the new place you’re thinking of purchasing. 

1. Personal inspections 

One of the first things on the agenda should be the inspections you go to yourself. When looking at your new place, don’t just consider what the house looks like. You should consider the neighbourhood that it’s in and whether it is in line with the kind of place you want to live. 

Also, think about potential noise pollution such as nearby rail lines or highways. In addition, you should consider what the type of home is (apartment, town house, detachable, etc.) as one type might not work for your living situation. This may be as simple as an apartment with no car park.

2. Building inspection 

While you should be able to assess whether a home is liveable for your situation, you’ll probably want a professional to inspect the actual condition of the building itself. 

With a building inspection, you’ll get a report of any issues such as structural problems, infestations, possible asbestos (for older buildings), mould, and any other issues that might arise. Do note that there will usually be some problems with the property, so it isn’t always a no deal.

Also, keep in mind that building inspectors will need a few days' notice before undergoing an inspection, so make sure to plan things out.

3. Pre-settlement Inspection 

Okay, so you’ve finished your personal and building inspections and feel like this is the kind of place that you want to live in. But, hold your horses, because there’s still one more thing to figure out here: the pre-settlement inspection.

A few days before the final settlement of your property, you’ll want to make sure that the property is still in the same condition as when you signed the contract. This is particularly important when you buy through a real estate agent as settlements can take much longer than would occur during an auction. 

You generally want to be looking out for any damages when doing your pre-settlement inspections so that you can have repairs undergone before you move in to the new property. 

Figuring out the right property loan for you

Buying a new home is a long process with a lot to keep in mind, and one of the first steps is getting your loan figured out. At Mozo we compare home loans from providers big and small so that you can figure out what loan works best for you.

Home loan comparisons on Mozo - last updated 28 February 2024

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    Home Variable Rate

    Owner Occupier, Principal & Interest

    variable rate
    comparison rate
    Initial monthly repayment
    6.15% p.a.
    6.15% p.a.

    Enjoy a competitive variable interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply) Mozo Experts Choice award winner.

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  • Straight Up

    Obliterate, Owner Occupier, Principal & Interest, <50% LVR

    variable rate
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    Initial monthly repayment
    6.24% p.a.
    6.24% p.a.

    Get a low variable rate depending on your deposit with Athena’s Straight Up Variable Home Loan. AcceleRATES feature helps you to reduce your home loan even faster (T&Cs apply). Zero fees to pay. Free redraw facility. Handy mobile app to manage your home loan.

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  • Neat Home Loan

    Owner Occupier, Principal & Interest, LVR <60%

    variable rate
    comparison rate
    Initial monthly repayment
    6.09% p.a.
    6.11% p.a.

    Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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