Building your Home’s Street Appeal,via easy home renovating!
May 25, 2011 by Tim
Filed under First Home Buyers, property market, Renovating
Something like 90% of real estate agents, say a home buyers first impression at the front entry is important in their ability to sell the home. Some agents say as many home buyers have declined to even inspect a home, purely on the basis of is poor “Street Appeal”.
A top ten list of favourable factors would include-
1 Attractive windows and doors can reduce energy costs and highlight the home. The front door and entrance are places of high impact.
2 All renovations should highlight the home’s original style, as historical features impact on value.
3 Custom features and a feature front door are important.
4 A feature window and good natural light are favourable factors. Some 75% of real estate agents, say that the amount of natural light is important in the appeal of a home.
5 The garage is often a prominent, first feature. Therefore make sure yours matches the home and entrance area.
6 Have your garden in the best possible presentation order, with bushes trimmed, lawn mown, edged and some plants in flower.
7 Keep your doors and windows in a consistent colour, stick to a theme.
8 Inside the home, have window treatments of the curtains and blinds in attractive order.
9 Have your windows washed and cleaned, to optimise the view.
10 Consult with your real estate agent and pay for a home staging stylist, they will be well worth the money.
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National Banks,U Bank,via easy home renovating
May 23, 2011 by Tim
Filed under Finance, First Home Buyers, property market, Renovating
National Bank’s U bank, is offering Standard Variable loans, at 6.59% through its direct Internet application process. I have flagged this before. This development of the Internet application process shall lower the cost of banking, particularly for home loans. So while Westpac is offering loans at 7.86%, National has loans via the U bank has highly competitive loans at 6.59%. All the big banks have these direct Internet application loans, Commonwealth’s is Netbank, ANZ is ANZ Direct, Westpac is Westpac Online an RAMS. So while, some commentators see a fall in home prices, due in part to higher interest rates. I expect this will be partly offset by lower rates available from the direct application process over the Internet. Many expect interest rates will rise by close to 50 points over the year, while a direct loan application can save you 120 points. Given the recent slowing in retail sales the interest rises mooted, may well be abated.Westpac, are even saying interest rates will fall a whole 100 points over the coming year of 2012.Futures markets are heralding a fall in interest rates.
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Property prices are moving, check easy home renovating
May 16, 2011 by Tim
Filed under property market, Renovating
I am reading in the Australian, that property values have eased. This is hardly the entire story, as its a very big market. The figures released say, year on year, price movements are Sydney +2.1%, Melbourne +1%, Brisbane -6.8% Perth -6.4%. These figures are averages so, not accurate for all areas. In Brisbane, there’s been terrible floods, so incomes are down heavily, there are forced sales, and no buyers in the risky flood plain areas. Insurance companies have changed their flood map plans and thus flood insurance for many suburbs. In Melbourne and Sydney, I suggest the luxury areas have fallen even further, as they were too high. Below, I suggest these falls are temporary as the rate of growth of population has dramatically slowed: from 486,000 new Australians in 2008, to 345,000 in 2010: this is the slowest growth for four years. The latest government announced, strategy is for an substantial increase in this rate of growth, with more refugees, temporary migrants, family reunion and normal migrants, every category increased. Erratic population strategy is disastrous for home builders.
Check your rate of auction clearances at local auctions.
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Fast ways to add home value from Easy home renovating
April 21, 2011 by Tim
Filed under Bathrooms, Kitchens, property market, Renovating
1 The worst home in the best street, refers to the transformational potential. Home buyers are often looking to upgrade into the better suburbs, so you should have continuous rising demand.
2 Some buyers are always asking, where to buy? When, often the best potential is in their current suburb. Even next door, this means one turns a single home into a developmental block.
3 Some simple rules say, aim for a gross profit of at least 35%, while spending only around 10% of the gross home price. These rules prevent you over spending on the home renovation work.
4 For a beginner renovator, I like to say, buy a home to renovate , pay close to land value. This way there should be limited downside.
5 An early ” access agreement” before the home is even settled, allows for a fast renovation. Its one way to add considerable value, even before you make the big capital outlay. A vendor should not object, as you are adding value, to the home.
6 A Kitchen renovation will nearly always add lots of value.
7 A Bathroom is also extremely popular, an great value.
8 Adding an extra room, by sudividing a large room or rebuilding a laundry converting it into an extra Bathroom are considered one of the best ways to add value. A three bedroom home is likely to be valued at much more than a two bedroom home.
9 In America, renovators often move the Laundry into the basement or garage. In the UK, the laundry is often moved into the Kitchen, in order to create an extra room.
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Easy home renovating finds more Home growth suburb ideas
April 19, 2011 by Tim
Filed under property market, Renovating
Some of the top ideas include- 1 Amenities, 2 Accessibility, 3 Affordability, 4 Demographics trends, 5 Days home stay unsold on the market.
Suburbs the Your Investment Property, likes include Elizabeth,S.A., Frankston,Victoria, Toukley,NSW, Thebarton,S.A., Salisbury,Qld, Bowen,Qld, Christies Beach,S.A., Strathfield,NSW, Ashfield,W.A., Footscray,Victoria, Cabramatta,NSW, Cowra,NSW, Footscray,Victoria
While the A.P.I. likes the suburbs of Frankston,Victoria, Port Noarlunga,SA, Palmerston,NT, Maroubra,NSW, Mirrabooka,WA, Preston,Victoria, Parramatta,NSW, Redfern,NSW, Marrickville,NSW, Redbank,Qld, Port Adelaide, SA., Cabramatta,NSW, Sunshine,Victoria, Margate,Tasmania, and Gungahlin,ACT. I often check out the fastest growth area and look fro the ripple effect on adjacent suburbs, in order to find the next growth area. I always find suburbs with new transport links, like freeways, railways station, airports are areaS which will do very well. Areas where massive new amenities are being built like, University, Hospitals, Shopping centre are all likely to be new growth areas. Some of the mining area have excellent expected growth , you need to research these carefully to ensure the mines have a long life.
I prefer to renovate in my home suburb, as it save travelling time, use local tradespeople, local Agents, and local hardware shops. This way I can build up a local referral network, too.
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