Inspection checklist for investors examining a new property development in Sydney

Inspection checklist for investors examining a new property development in Sydney

The great news for prospective buyers looking at a new property development in Sydney is that they don’t have to deal with a lot of the structural issues and outdated repairs that are involved with previously owned sites.

Participants in this setting will want to take note of the builder’s reputation, the proximity to essential amenities, the financial plan extended by lenders and an array of other criteria which will influence the outcome.

Whether it is a townhouse, a duplex, a unit, a condo or anything in between, it is worthwhile following an inspection checklist for those who are scouring the market for possibilities.

#1 Walls & wall plastering

Wall integrity is a key component for clients who are taking note of a new property development in Sydney. The nature of the window frames, the corners and the painting profile will help to showcase the area’s credentials, detailing if there will be any concern for repairs or maintenance in the intervening years due to water exposure, mould or general decay.

#2 Electrical infrastructureA couple ticking off a checklist for investing in Sydney property development.

If the electrical infrastructure is sound with a new property development in Sydney, then they know they can optimise the lighting of the area from top to bottom. The ability to turn on the switch and see if it is working is a basic test, but it is also valuable to see how many sockets are made available and if that will be commensurate with the household power demands.

#3 Water pressure, irrigation & drainage

A new property development in Sydney will always be defined by its plumbing infrastructure, showcased by its water pressure level, its reliability with irrigation systems and its capacity for drainage when exposed to external water resources. This is often the origin point for damage, decay and mould around the property, so it pays to have a premises that is future proofed and secure with these domains.

#4 Flooring

In order for constituents to confidently progress with a new property development in Sydney, they want to ensure that the flooring is even and consistent from one room to the next. Modern designs in 2021 will often display tile, engineered hardwood, vinyl, carpet and laminate materials, but each option will still need to be assessed on merits for its integrity.

#5 Window specifications

For the sake of ventilation and internal temperature control, it is important to take note of the window specifications that are involved with new property development in Sydney. Where they are positioned will dictate if the light filtration will occur in the morning or afternoon, indicating how much heat can be trapped inside and how the space can actually breathe and ventilate.

#6 Doors, cupboards & cabinetsA Sydney property development with a checklist for cabinets and cupboards.

Families want to be able to come and go as they please with new Sydney developments and to make this possible, they require doors that are easy to engage with cupboards and cabinets that are user-friendly by design. There will be drawers and wall-connected selections for those that want an in-built profile, but others will be happy to maneuver custom cabinetry depending on their lifestyle habits.

#7 Room for growth

These new developments are essentially fresh off the production line with their building profile in 2021, but will there be scope for further innovation and development in 2025, 2030 and beyond? During the inspection phase, it is beneficial to look at this potential, taking note of the available space on location and determine if there are ways to utilise extensions or redevelopments that allow it to grow its market value without becoming outdated.

Summary

There can be literally hundreds of elements that are in play for buyers with a new property development in Sydney. In order to be across the essential details and to be protected with the investment, it is beneficial to deal with conveyance specialists who study the market in intrinsic detail and with providers of building inspection reports who deliver an independent analysis.