First evaluation of Property being considered for Purchase

• Address of Property

• Selling agent

• Conducted on

  Date

• Prepared by

• Location
  Address

• Lot number details

• Document No.

Selling Agent Interview

• Number of units

• Asking price

• Weekly Rental?

• Gross return on asking price

• Number of bedrooms per unit

• What is the size of the land?

• Estimated outgoings for council, water, insurance, land tax, agents fees, maintenance

• Comparative sales in the local area..

• Trend in selling prices in the local area?

Site Inspection

• Is the location experiencing growth?<br><br><br>

  Yes

  No

  N/A

• Is a major shopping train within easy access?<br>

  Yes

  No

  N/A

• Is the property in flood risk area?<br>

  Safe

  At Risk

  N/A

• Are the improvements in amenities and facilities occurring?<br>

  Yes

  No

  N/A

• Is the street presentation adequate<br><br>

  Safe

  At Risk

  N/A

• Is the presentation of the property a desirable rental proposition?<br><br>

  Safe

  At Risk

  N/A

• Is the front garden easily maintained?<br>

  Yes

  No

  N/A

• Note any other repairs required in front

• Sketch of the property layout

  Drawing

Exterior

• Construction of building

  Brick

  Timber

  Fibro

  Hardiplank

  Other

• Are walls in good condition and paintwork adequate?

  Yes

  No

  N/A

• Note any other repairs required on the exterior

Interior Inspection

• Is the general paintwork in good condition?

  Yes

  No

  N/A

• Are walls and ceiling free of damage and in good condition?

  Yes

  No

  N/A

• Is the carpet/flooring in good condition?

  Yes

  No

  N/A

• Note any other repairs required interior

Kitchen and Bathroom

• Note any repairs required in the kitchen

• Note any repairs required in the bathroom

Outdoor structures and Rear Yard

• Is rear garden easily maintained?

  Yes

  No

  N/A

• Are fences in good condition?

  Yes

  No

  N/A

• Note any other repairs required in the yard

Carports/garages

• Parking facilities

  Garage

  Carport

  Parking Space

  Nil

• Note any other repairs required in the parking area

Sub floor

• Check wet areas/ bathrooms/ kitchen/ toilets, all dry?

  Yes

  No

  N/A

• Check termite activity , no recent activity?

  Yes

  No

  N/A

• Check for moist soil, drainage adequate?

  Yes

  No

  N/A

• Note any other repairs required in the sub floor

Evaluation

• Is the property a rental risk?<br>

  Safe

  At Risk

  N/A

• Estimated cost of initial repairs?

• Estimated cost of annual repairs per unit?

• Should the property be considered for purchase?<br>

  Yes

  No

  N/A

• Add signature

  Sign