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Real estate seems to have a language of its own. You often find yourself reading an ad about what seems to be a perfect residence, but when you arrange a visit, the property doesn’t quite live up to its description. 

Our cheat sheet will help you translate the tricky language of property ads to find out what they’re really trying to say.

Couple being shown house by agent

1. Full of character

If you’ve browsed through a few property ads already, you’ve probably come across a number of residences that promise to be ‘full of character.’ It’s a phrase that promises charm, charisma and hopefully some period features. But ‘full of character’ can also mean it hasn’t been updated in decades, has an interesting selection of bright feature walls or a quirky layout. 

2. Hidden gem

A home tucked away somewhere waiting for you to discover it sounds delightful. What this often means is that it’s in an up and coming suburb, often neighbouring a highly sought after location. If the rest of the features meet your criteria, then hidden gems are always worth a look.  

3. Close to transport links

It’s great to be close to transport, but having a busy freeway as your neighbour or a bus stop right outside your bedroom window can be a noisy convenience. Do a quick map search to find out just how close to transport it is.  

4. Low maintenance garden

We all love a garden for barbecues and weekend relaxation, but what does ‘low maintenance’ mean exactly? It could be a concrete jungle, artificial grass or a few hanging pots from a pergola, or it could be a carefully planned oasis. Either way, keep an open mind, this is an area you can remedy over time to create your own lush backyard haven. 

5. Full of potential

Turning a negative into a positive is one way of putting it. Or in other words, needs some major work to update it to this century. This may be exactly what you’re after, but before jumping in head first it can be a good idea to get a builder to give an indication of renovation costs before you buy. 

6. Cleverly arranged

Typically meaning not much space, so the room or house had to be carefully thought out to fit everything in. Not necessarily a bad thing, it just means if large amounts of space are on your wish list then tread carefully. 

Property ads and their promises can be overwhelming, but after learning the lingo you’ll be well on your way to discovering your very own ‘hidden gem’. You’ll want to have loan pre-approval in place before you start looking, so that when you do find that picture perfect house you don’t miss out. Chat to one of our home loan specialists to find out more. 
 

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The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person’s particular investment objectives, financial situation or needs. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives, financial situations and needs. You should obtain and consider the Product Disclosure Statement or terms and conditions relating to the products mentioned, before deciding whether to acquire any products.

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The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person’s particular investment objectives, financial situation or needs. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives, financial situations and needs. You should obtain and consider the Product Disclosure Statement or terms and conditions relating to the products mentioned, before deciding whether to acquire any products.

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