This first evaluation checklist helps real estate buyers and property managers assess a property before purchase. It covers selling agent details, rental metrics (units, asking price, weekly rent, gross return), local sales trends, and site presentation. Conduct a thorough inspection of exterior and interior areas, including paintwork, walls, ceilings, flooring, kitchen, bathroom, outdoor structures, rear yard, parking, and subfloor, with checks for moisture, drainage, and termite activity. Record outgoings for council, water, insurance, land tax, agent fees, and maintenance. Estimate initial and annual repair costs, assess rental risk, and capture an overall purchase recommendation with signature.
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