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Tips to Consider Before Buying a House in Craigieburn

The process of buying a home can be increasingly challenging. A home purchase involves many factors to take into account. Although everyone goes through the home buying process at their own pace, working with a trusted advisor is more important than ever. By being educated about the process and having an agent at your side, you can make informed decisions about your next steps toward homeownership.

Most importantly, to buy a house you need to research, plan and have the patience to make a successful purchase. So, here are a few tips to consider before buying a home in Craigieburn:

 

1) Choosing what to buy:

A home purchase should be based on what you can afford, what you need now and in the future, and your lifestyle. It may be more practical to live in a unit or a townhouse if you are single, work a lot, or spend a lot of time away from home. For a large family, the number of bedrooms is important, so buying land and building a house is more common than purchasing an existing one.

 

2) Ways to buy:

There are mainly 2 ways to buy a property: Private Treaty & Auction.

  • A private treaty refers to buying a house through a real estate agent or directly from the owner. In both cases, the agent or owner will try to ‘sell’ you the property by emphasizing its strengths and downplaying its weaknesses. Don’t be rushed, take your time, ask questions, and, if you need to look at the property again or again, do not hesitate to request it.
  • Auction: In most auctions of property, a reserve price is set. The reserve price is the lowest amount the seller is willing to accept for a property. The reserve price, however, is not disclosed to the buyers.  At times, the bidding may result in a realistic price being set by the buyers, rather than by the seller.

 

3) Location:

Ensure that the house is easy to access from the main roads and check the traffic flow. Take into account various aspects of the surrounding area, such as accessibility, location, road conditions, amenities, locality, construction quality, infrastructure development, markets, schools, hospitals, etc.

 

4) Consider the silent costs:

Make sure you budget for these often ignored costs before signing the dotted line, such as council rates, stamp duty, lenders’ mortgage insurance, loan fees, conveyancing & building, and pest inspections.

 

5) Rental and Re-Sale Value of the Property:

A house’s rental value as well as its potential resale value is very important to account for. This applies to both those who buy the house primarily to rent it out or resell it as well as those who plan to purchase it and live in it for the rest of their lives. During the process of finalizing a house, you should consider the future gains you may be able to reap. As a result, it’s crucial to understand the location of the property.

 

Conclusion:

Our homes are our most valuable investments. Almost all of our earnings go toward buying it. As a result, prior to investing, make sure you consider the following basic points. 

Looking at properties for sale in Craigieburn? SKAD Real Estate offers an engaging, efficient, and transparent property management service across Thomastown, & Craigieburn.

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Properties Real Estate

5 Actions Which Help to Buy your Dream Home in a Booming Market

Despite the rapid shifts in lives, jobs, and economies during the last two years, the real estate market appears poised for growth. But is there any imminent slowdown? With so many people coming off the sidelines, the market is getting extremely competitive. The cost of buying a home may require the buyer to give up all of their life savings, or they may end up with hefty home loans. The investment of buying a house is not something that can be easily altered or rectified. 

With such demand for homes, and no sign of things slowing down soon, how can you get the property you are looking for? Well, here are 5 actions that could help you to buy your dream home:

 

1) Plan your Finances:

The task of preparing your finances before buying a house is one of the most critical and challenging. Your budget should be your priority. Preplan your loan because it defines how much you can spend and gives you instant access to your funds. Home loans have made it easy for people to push their budgets. Setting up a budget instead will prevent you from getting into financial difficulties in the future.

 

2) Use a Trusted Realtor.

The fact that realtors get a cut of the sale price makes some buyers cautious about using them: they believe it will raise the total price. It is important to remember that the seller pays the commission, not the buyer. From negotiating a price to dealing with home inspections, a savvy realtor who works for you can protect your interests.

 

3) Real Estate Market Analysis:

The purpose of a real estate market analysis is to gather information about a city or district’s rental potential so that we can decide if it is worth investing in. Performing market research ensures that the project is viable and fits the existing market. In this way, you can understand the changes and trends in the real estate market, be able to compare prices of similar properties and be able to market your properties successfully & invest wisely.

 

4) Get to Know the Sales Process:

Before you begin, make sure you understand the different sales processes. Be sure to check the title, and the contract paperwork, including a zoning certificate, drainage diagram, a plan for the land, and a Certificate of Title that confirms current ownership and encumbrances on the property. State-by-state, legal paperwork associated with buying property varies. 

 

5) Organize Necessary Inspections:

An important part of the legal checklist for buying property is the building inspection. From electrics and plumbing to any renovations, or if boundaries are in the correct position, everything should have been approved by the council. If you do your homework and follow your legal checklist, owning real estate grants you many options – you can buy, sell, renovate, invest, bequeath, or just enjoy.

 

Final Thoughts:

The decision to buy a house is a big one that requires planning, budgeting, and patience to ensure that you make the right decision. With this blog, we hope that you can make better choices for yourself. 

Looking for a house for sale in Truganina? SKAD offers services in residential sales & rentals, a one-stop-shop for our customers.

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Blog Real Estate

How to Buy your First Rental Properties in Thomastown with These 5 Simple Steps

If an investor has the right expectations, owning a rental property can offer a variety of benefits. Choosing the right location, understanding market conditions, and finding great tenants are the keys to success as a beginner rental property investor. By meeting these criteria, you can better prepare yourself for the benefits of renting. To make things easier, here are 5 simple steps on how to buy your first rental property in Thomastown: 

1) Source of Finance:

One of the most significant benefits of owning rental property is its passive income source. The income is recurring and requires relatively little effort to maintain. But, of course, you’ll want to work out your finance options before investing in rental property. Financing a rental property can be more challenging, but there are many options available today. In addition to conventional lenders, such as banks and credit unions, investors may obtain rental property financing from private lenders or through joint ventures.

2) Do Your Homework:

Before you go too far, it is crucial to plan what you want to do and how you plan to do it. Do you prefer a single-family or multi-family home? What kind of location are you looking for? Do you have a particular pricing range in mind? Just getting started involves responding to these questions. Basically, you should have a clear plan of action if you wish to accomplish your goals.

3) Choose the Right Location:

Real estate investing still adheres to the golden rule: location. Location plays a crucial role in buying first rental property assets. A desirable location will increase demand and value, which will lead landlords to increase rental asking prices. Home location determines everything moving forward, so learn about the area before buying.

4) Track income and expenses:

Keeping track of rental property income and expenses can quickly become overwhelming, even for experienced real estate investors. There are a number of expenses and incomes that affect the return on a rental home, including rental income, security deposit, leasing fees, property management fees, repairs, and maintenance, landscaping, insurance, property taxes, etc. 

5) Know How To Calculate ROI:

An aspiring real estate investor should also know the potential ROI that they stand to make by investing in any given rental property. By understanding your potential ROI, you can better decide where to invest, save, or spend on renovations and upgrades. Before signing on the dotted line, map out your budgets and forecast the profit potential of any investment you are considering making if you’re considering purchasing a rental property. 

Following these steps will help you calculate ROI on potential rental property investment:

  • Estimate annual rental income
  • Estimate annual expenses
  • Determine net operating income (NOI)
  • Add up total upfront costs

Conclusion:

The process of buying a rental property isn’t that difficult. Being a successful full- or part-time landlord, however, requires some research and effort. Understand the type of property you’re seeking, and whether you are knowledgeable or in need of assistance. An understanding of your real estate market and the target audience of prospective tenants is critical.

Looking for rental properties in Thomastown? SKAD Real Estate manages properties transparently, engagingly, and efficiently.

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Properties

3 Steps for Perfect Exterior Paint Preparation

Do you have a worn-out appearance on the outside? Is it time to update your house? A great method to improve curb appeal and give your home fresh life is to repaint. You must begin by thoroughly preparing the exterior paint if you intend to do the work yourself. Like any housework, this will also need elaborate planning. When looking for rental properties in Craigieburn, any potential client will look for a house that is aesthetically pleasing – at least that is what will matter as the first impression. 

So, when you are planning to re-paint the exterior, it is always good to consult a colour specialist. You shouldn’t cut corners here because the exterior of your home is exposed to the weather. More pigment is used in more expensive paint, making it thicker and lasting longer. Long-lasting tackiness is a sign of cheap paint, especially during periods of high humidity, the paint will remain sticky for an extended period of time while good paint dries considerably more quickly.

Let us look at the three steps for exterior painting – 

Clean Your Surface

Cleaning your surfaces is necessary before you ever open a paint can. Paint won’t adhere correctly if you apply it to a dirty surface. The paint gets peeled off, get blistered, and cracked as a result. Use a medium-bristled hand brush to remove debris and flaking or lose paint from your exterior. To clean difficult-to-reach areas, use a household broom. With a scraper, remove caked-on dirt. Warm water and detergent should work well to remove fine dust and grime. Before continuing, wipe down with a cloth or brush, give it a thorough rinse, and then let it dry fully. You can come across regions where mould has grown when cleaning. Use fungicidal wash to clean such places.

Fix Any Damage

Exteriors are vulnerable to the harsh sun, wind, and rain, so some damage is inevitable. Before you start painting the exterior of your home, you should repair any damage. Purchase external filler or plaster to patch up tiny gaps and cracks. Fill the fracture after making sure the area is tidy and free of stray debris. Using a damp knife or pallet, spread the filler. You might need to add layers of your external filler to cracks and holes that are deeper than 1 cm in order to fill them. Before adding a fresh layer, be sure the previous one is dry. Finish by once more using a knife to smooth the filler. Finally, use sandpaper to smooth up the surface of the mended area.

Seal and Prime

You must seal and prime the surface before painting it if it is porous, such as brick or wood. Without it, the paint will penetrate the surface and leave an uneven finish. To seal and prime edges and hard-to-reach places, use a little paintbrush. The other bigger areas should be primed with a roller before the building is painted. Before you begin mending the walls, they must be entirely dry. Sand the surface smooth when it has dried. Rotten wood should be removed and replaced when necessary because the paint won’t adhere to it. To have a smooth, even finish for your primer and paint to stick to, patching and mending takes time.

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Properties

10 unexpected things that affect the value of your property

What, in your opinion, has the greatest influence on real estate prices? You would be correct if you said its location. But did you know that there are a plethora of other variables, most of which are outside your control, that could also play a role? Here’s what the experts of real estate in Thomastown have to say –

Location
The most evident aspect of a property’s value that can be changed is its location. Is there a city center around the property? Is it near a popular waterfront area? Is it close to restaurants, stores, schools, and public transportation? Properties in these neighborhoods will cost more because people typically choose to reside close to their places of employment and leisure.

Supply and demand
Property prices will rise in a market where demand outpaces supply. This is because more buyers are competing for a limited supply of houses, which raises prices. The supply may outpace demand if you own an apartment in a neighborhood where numerous new apartment complexes have recently been built. This can restrict the appreciation of your house.

Interest rates
Property values may alter if the Reserve Bank modifies its monetary policies. Borrowing money is more affordable when interest rates are low. Prices typically increase as a result of consumers being able to borrow more money and stretch their budgets further. Borrowing becomes more expensive when rates climb. As a result, price rise may be slowed and borrowers may have to make budget cuts.

Economic outlook
The property market may be impacted by the state of the economy as a whole. More Australians can afford to buy a home when the economy is growing strongly, creating jobs and favorable labor conditions, which drives up property values.

Property market performance
Your property’s value may also be impacted by how well the local real estate market is performing. Expect prices to decrease if there is minimal demand for homes in the neighborhood and the listed properties are selling for significantly less than the asking price. Additionally important is the real estate market’s overall success.

Population and demographics
The demand for homes in a suburb increases as more people decide they wish to live there. The neighborhood’s demographics will also have an impact on property values. As the population rises, increased immigration also increases the need for housing. This also raises pricing.

Property size and features
A property’s qualities and size as a whole affect its value as well. The value of a home can be influenced by features like extra bathrooms, garages, swimming pools, and outdoor recreation facilities. In crowded cities, the availability or scarcity of parking spaces is another crucial consideration, although the practicality of a home’s layout is always crucial.

Aesthetics
One should never undervalue a property’s curb appeal. Since first impressions count for a lot in real estate, the outside appearance of a home can rapidly increase or decrease its worth by tens of thousands of dollars.

Investment potential
The potential an asset offers to investors also has an impact on its value. Several variables come into play, including the potential rental income from a property and the capital gain an investor will experience when they ultimately decide to sell the home.

Energy efficiency
A home constructed with high-quality materials is probably worth more, in part because doing so makes the home easier to heat and cool. Items like solar panels, insulation, and double-glazed windows can add value and appeal given the high cost of power and gas bills.

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Properties

Boom or bubble: What the next 24 months will look like for the Australian property market

What do you think the property markets in Australia will look like in 2022 and beyond? This is a popular question now that the housing market has shifted from a strong and broad-based upswing across Australia to one that can best be defined as multi-speed.

At one end of the range, Australia’s two major cities, Sydney and Melbourne, are experiencing flat to declining home values, while Brisbane and Adelaide are experiencing quarterly growth of more than 20% on an annualised basis. There’s also a demand in property for sale in Craigieburn Victoria and other cities in Australia; so, the real estate market looks promising in the coming months. The property cycle has progressed to the next stage, which has been accelerated by an earlier and more aggressive interest rate tightening cycle.

Experts expressed their forecasts for where property prices in Australia would be by the end of 2022 in March. On average, panellists predicted a 12% price increase across the country in the next 24 months.

Nobody expects prices to rise in a straight line. There will be ups and downs, but this gives you a reasonable idea of where we might finish up. Finally, certain cities may have a bigger increase while others may see a lower increase.

Houses

There has been some pretty dramatic rise in the house prices as the economists shows. In cities such as Sydney, there has been an increase of upto 12% which add $120k to the value of the average house. Australian Bureau of Statistics showed in its latest report that median Aussie income is about $48,360. So, homeowners in Harbour City can earn 24% more than the average income, just by living in their homes.

Apartments

Apartments, on the other hand, may not fare as well. While unit prices have remained stable for the time being, the closure of international borders to students and the ongoing use of online courses have led to lower rental income for homeowners across the country. As a result, apartments are seen as a high-risk investment.

For example, the gap between wage and house price increases continues to widen. However, Australia’s national house price to income ratio is still moderate on a worldwide scale, placing 27th out of 34 nations according to Statista, far below the United States, Canada, Germany, and even Ireland. Over the following 24 months, economists estimate a 12% increase in prices. This indicates that the two windows of opportunity for first-time home buyers may have closed. Now, more than ever, credit is more affordable, so it might be a good time to start looking into it. Markets can go up as well as down, so keep that in mind. Above all, buy where you want to live, not where you think property prices will rise – though maybe be a little more careful when it comes to apartments.

First home buyers set to decline in 2022

First-time buyers started the year off on a high note, with a record-breaking number of first-time buyer loans, but that has dwindled month after month. According to ABS lending data, the number of new loans taken out by first home purchasers has decreased by 11% in a year. However, the amount borrowed by them has increased by 1%. (because house prices are going up). The value of investor mortgages increased by 83%.

High density living more affordable 

As the difference between home and unit values widens to roughly 38%, high-density living will become more enticing in 2022. As demand becomes more constrained due to affordability concerns, we may witness a shift in demand to the unit sector in the coming year.

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Real Estate

Things to know before buy a new home

Whether this is your maiden chance buying a home or you’ve done it before, the real estate market can be difficult to navigate even for the most seasoned of us. Here are the top things you should know before you start playing. If you are looking for the houses for sale Thomastown, keep the following points in mind – 

The deposit

First and foremost, the more you save for a deposit, the less you will need to borrow from the bank, allowing you more room to cover any additional expenditures associated with home ownership. The deposit is a percentage of the property’s purchase price that represents your commitment to the property, thereby giving you partial ownership. So, before you go for property for sale in Craigieburn, be careful about your capacity of deposit.

Deposits can take years to accumulate, so understanding this phrase early in the buying process is critical. Typically, a five to twenty percent deposit is required; however, this can vary depending on your income, budget, and whether or not you have a guarantor, in which case a lower deposit may be required.

Lender’s Mortgage Insurance (LMI)

If you don’t have a 20% down payment, you may be compelled to pay for Lenders Mortgage Insurance, which protects the lender in the event you default on your mortgage payments. It’s crucial to understand that LMI is intended to protect the mortgage lender, whereas mortgage protection insurance is intended to protect you, the borrower.

The guarantor

When applying for a house loan, a guarantor can provide additional security. A guarantor is usually a third party, such as a parent or a family member. If you don’t have a large deposit, a guarantor can help by providing additional security – often, the guarantor’s existing home equity would serve as this security.

A guarantee is not required to make any loan repayments, but if the borrower fails to do so, the lender will turn to the guarantor to make the payments.

The silent costs matter

  • Council rates
  • Stamp duty
  • Loan fees
  • Additional insurances
  • Conveyancing
  • Building and pest inspections

The above points are vital to understand before you finalise the payment. Overlooking the costs can be really difficult for you to manage later.

Choosing a home and suburb

It all boils down to your long-term housing goals when deciding where to buy and what to buy. If you’re looking for an investment property, your criteria will differ from those who are looking for a place to call home.

If you’re looking for a long-term property as your first buy, the best suburb for you will depend on your own preferences and your budget. Do you intend to start a family in this house? Consider purchasing a home near schools, public transportation, parks, and other amenities. How far will you travel to get to work? These are the kinds of questions you should ask yourself before taking out a mortgage. The suburb you choose is determined by your lifestyle and long-term aspirations.

Before buying a home, you should research the median house price in the region, as well as what other houses are selling for, if there has been growth or drop, and how many listings are available for sale.

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Real Estate

Hidden cost for open home

Before you start jumping onto the property ladder, there are a number of considerations that cannot be overlooked. As a first time home owner, it is always good to have a thorough discussion with the experts before you go for the houses for sale Thomastown. The average home price of the area or the type of loan you are planning to take, are all vital financial points that need to be discussed with the professionals of real estate for sale Craigieburn. 

Let’s have a look at the most common hidden costs associated with a home purchase – 

Conveyancing & legal fees

Conveyancing and legal fees are the costs of hiring a conveyancer or another professional to complete the necessary legal documentation when purchasing a home.  There are usually three stages: contract preparation, contract exchange, and contract completion.

There is generally the option of selecting a fixed cost because conveyancing and legal fees can be relatively uniform — because each house transaction follows a similar process. Conveyancing and legal fees vary depending on the complexity of the transaction and who performs the job, such as a conveyancing firm with a team of conveyancing solicitors or a private lawyer or solicitor.

Stamp duty

Stamp duty is a tax that is levied on specific transactions and papers. In this example, it refers to the tax you must pay when buying a home. The amount of stamp duty you pay is determined by the property’s worth, whether you are an owner occupier or an investment, and the state where you purchase it. Many states also provide incentives to first-time home buyers who are owners. You will pay more if the house is more expensive.

Pest & building inspections 

When you hire professionals to assess your home for concerns, you must pay pest and building inspection fees. It is crucial to establish whether a property has any severe difficulties, such as structural or foundation or pest infestations. The studies offered are detailed and can help you determine your pricing point while also assuring you that you will not be surprised later. Hire a licenced inspector that is familiar with the properties in your area and has experience with the type of property you have.

Building Insurance

It makes sense to have a thorough understanding of teh budget and expense before you invest your life savings in real estate. While your lender will need you to have building insurance, you should also have a look at the other insurance plans. Mortgage protection insurance, for example, can protect you against the mortgage payments if you become very ill. If you are unable to work due to an accident, serious trauma, or illness, income protection insurance can help you meet your bills.

Mortgage registration & transfer fees

The charges of registering a mortgage and transferring property ownership are known as mortgage registration and transfer fees. The prices for each differ by state. Some have a flat rate, while others have a sliding scale. The state government determines the transfer charge, which covers the transfer of property title from one party to another.

Moving

The expense of finally moving in is an additional cost that many people overlook when purchasing a home. The cost of relocating is determined by a number of factors, including where you are moving from and to, how much you need to move, and so on. Many removalists bill by the hour, while interstate removalists bill by cubic metres or number of boxes.

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Properties

Pros and cons of investing in house and land packages

When it comes to property investment, there are numerous possibilities as the real estate agents Thomastown explains. A house and land package could be an appealing investment option. If you are looking for houses for sale Thomastown, you can also consider looking for the land packages because it comes with a number of benefits. This gives you a cost-effective and handy option that eliminates a lot of the stress that comes with home construction. Money and time are saved by bringing together a number of the steps involved when you are investing in Real estate Thomastown packages. This is why investor-friendly house and land combinations have grown so popular. However, like with anything in life, there are some drawbacks to consider before deciding whether this is the correct investment strategy for you.

Benefits Of House And Land Packages

Simplifies The Process

The most significant benefit of buying house and land bundles for investors is that it will make the process of creating a new bespoke home much easier. This is because you don’t have to seek for a plot of land first, then select the suitable contractor. Instead, you can check both of these boxes at the same time, and you’ll have someone to talk to throughout the procedure. It’s worth noting that you’ll still have two contracts: a construction contract and a land contract.

Cost Savings

By purchasing a house and land bundle, you can save a lot of money. You only have to pay stamp duty on the land portion of the acquisition if work on your new home hasn’t started yet. Tenants prefer modern and energy-efficient homes as an investment because they cut their living costs significantly. You may potentially be able to deduct the entire cost of your investment.

Experienced Builders

Another great advantage of house and land bundles is that the builder will already be familiar with the region of land you will be purchasing. This means they’ll be able to put their expertise to good use when it comes to putting up the greatest design plans for the piece of property you’re buying. If your property is on a slope or has an odd shape, a custom house builder can create designs that can accommodate these features.

Maintenance

There is no unwanted servicing with new property, at least for the first several years. After you purchase the property, you won’t have to worry about anything breaking apart. When building a home, you can typically customise some features to meet your personal demands or to maximise the return on your investment.

Drawbacks Of House And Land Packages

Poor Location

To begin with, you may discover that you are in a vulnerable area. This is due to the fact that the vast majority of these house and land packages are located on the fringes of cities. This is in locations where land is plentiful. Infrastructure is often lacking in these areas, and economic factors are limited. This means that capital growth may be harder to achieve by. This isn’t always the case, though. However, it emphasises the importance of selecting these items with caution and carefully considering the area.

Uncertainty

Many individuals dislike the element of risk that comes with purchasing a house and land bundle. You have no way of knowing whether the neighbouring residences and facilities, as well as the quality of the finishing, would satisfy you. In terms of the final bank valuation, there is also some uncertainty. Will it stand up to scrutiny? You must also examine the worth of the land. When looking for a property to invest in, it makes sense to go for one with a large proportion of land value.

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Properties

What is the best thing to invest in Australia? home or land?

Are you making your first real estate investment? Early decisions will have a significant impact on your long-term performance as a real estate investor. There are numerous options available. How are you going to fund your investment? Where will you put your money? How would you attract tenants to your property? Who will be in charge of maintenance and repairs? There can be many such questions you might have in your mind and the experts of real estate Thomastown can help you find the answers. However, before you get ahead of yourself, consider the following question: 

What is the ideal initial investment: land or house?

Planning to invest in land

In comparison to other investments, land does not require much of your time. It could be a long-term passive investment for you, explains the professionals of real estate agents in Craigieburn. Furthermore, you may be able to purchase smaller plots of land with just cash. Property taxes, insurance, and upkeep charges are not prohibitively expensive. Negative gearing benefits are also available to you. Because there is less competition, you can obtain a better deal. People on a tight budget can buy today and construct later. This assures that they will not be priced out of the market in the future. Land prices can rise quickly, even if their value increases slowly. Some people purchase land with the expectation that the government would rezone it shortly. The land value rises after it is rezoned, and they can sell it to a developer. You have the option of doing whatever you want with the land. You can either sell it to a contractor or create it yourself, depending on the situation.

Land can be a risky purchase if you don’t plan to build on it. City councils modify zoning from time to time, and the changes may have a favourable or negative impact on your property. If you’re going to buy land as your first investment, attempt to buy land in a capital city, which will give you more security over time. Also, from the start, have a specific plan for the property and be aware of the costs involved with your investment.

Planning to buy a house

You have a lot more control over prices when you buy a single-family home, but you also have a lot more responsibility. You may not be required to pay dues to a homeowners’ organisation, but if the roof needs to be replaced, you will be responsible for the cost. Whether you use a property manager or not, you are responsible for anything that happens to the estate or the land. One advantage of owning a home is that you may factor in the value of the land as well. Land rises in value over time, so even if the house itself is no longer in demand, you may be able to sell the land to a builder many years down the road.

Each option has substantial advantages and disadvantages. Your abilities, hobbies, and travel ability will all influence your decision. Buying a house may be the ideal option for you if you enjoy renovating. A unit may be more ideal if you desire to be a hands-off owner and buy in one of the capital cities. If you want to invest in real estate but don’t have the cash, buying land may be the best option.

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Real Estate

How to prepare for an open house inspection?

Once you have made the final decision of putting your property on the market, you have to be ready for an open house inspection. The experts of Real estate agents thomastown can help you understand the market value and how to arrange for the inspection. This is because you need to be careful about what your potential buyers are thinking when they visit your property for the first time. Here are some expert tips from real estate thomastown that can help you make an indelible first impression –

Choosing Inspection Times

The greatest time for an open house for inspection is usually Saturday late mornings and afternoons. This is the best time for house searchers because its the weekend, so they will not be working, and it is late enough in the day that they will not be sleeping in. It’s also a great idea to have an additional open house during the week for possible buyers who want to see the house when it’s not so crowded. Also, if feasible, look up the weather forecast because it is better to have the house open for inspections on a bright morning because more visitors will be out and about than on a rainy day.

Marketing Materials

Making brochures to give consumers concrete material to look at and hold on to them after the inspection is completed is a terrific idea. Include interesting photos that highlight the property’s best qualities, as well as contact information. Prospective buyers will benefit from this in their house-hunting experience because it serves as a reminder of your property, ensuring that it is not forgotten among the other listings they have seen.

Keeping it clean

Make sure that the property they come in for inspection is clean. And by clean, it means sparkling clean. The simple tasks of putting away the dirty laundry or cleaning the dishes much before to keep the kitchen dry, or cleaning the dog house can help to make the house look more appealing for the first time visitors. Also, make sure to remove the unnecessary clutters around the house which makes the space appear smaller. You can even try to rearrange the furniture if you want to make the space look bigger and better. One of the best ways to make your room look bigger than actual is to add a mirror.

Paint

Giving your space a fresh coat of paint is a simple and inexpensive method to make your home more appealing. It may have been a dreadful feature wall in an out-of-style colour or some terrible wallpaper. Whatever it is, a fresh coat of paint can work wonders since it creates a blank canvas for potential buyers to use their imaginations in terms of how they’d like to design the residence and leave their mark.

Smell

Keep all your windows open before an open house to get rid of any residual odours like mould or damp. Avoid using artificial air fresheners or scented candles to cover these odours, since they may be overbearing and unpleasant. Fresh flowers, on the other hand, have a natural, fresh scent. As long as it doesn’t burn, the smell of roasting coffee can be a warm and welcoming one.

Light

Buyers choose properties that are open and bright since no one wants to live in the dark. As a result, make sure all blinds and curtains are open to let in natural light before the inspection. Turn on the lights in every room to create a welcoming, homey feeling.

Miscellaneous

If you have dogs, cats or other pets, it is in your best interest to keep them away while your visitors are there for an inspection. 

Open house inspection means there will be strangers walking in to see your property; so, make sure that you do not have any valuables left unattended in your home. 

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Real Estate

Where to start when you want to sell your house?

If you’ve never sold a home before, it’s crucial to know how the process works so you can follow the steps in the right order. You can get help from the real estate agents Craigieburn.

There are several considerations to be made, including when to sell, which strategy is ideal for your property, which real estate agent to choose to represent you, and how to best prepare your home for sale.

Your specific circumstances, particularly whether you’ve already acquired your future home, will determine how quickly you’ll need to move. For instance, if you have already booked any of the Property for sale in Craigieburn, you need to get your present house sold faster and the steps will be different. But, if you are selling your house for sale in thomastown, here are the following points you need to keep in mind

Select an agent

Choosing a property manager is one of the most important stages in ensuring that your house sells quickly and for a good price. An agent is responsible for all of the tough components of the sale, such as listing and advertising the property, drafting the contract, and working with legal issues, all of which are necessary for a successful transaction.

When selecting an agent, be cautious. You want someone who is professional, knows what they’re doing, and will listen to your needs rather than imposing their own. It’s critical to hire a well-reviewed agent who understands the local market, and it’s also crucial to find out what % of the sales price they charge in commission.

What price is your house?

One of the most crucial things to be clear about when selling a home is how much you believe the property is worth. A little market research can be well worth the hassle in this case. There are many websites that provide market reports. A formal assessment from a competent valuer is also possible, but it will cost you money.

Alternatively, you could attend auctions of comparable houses in your neighbourhood to get a sense of the market. Also, speak with local agents. They’ll be keeping their ear to the ground and should be able to tell you how much they think your house can sell for.

Which method of sale is right for your property?

There are three basic techniques of sale, each with minor variants – auction, private treaty, and tender.

An auction is a popular way for buying and selling real estate. Because of the competition among potential purchasers and the sense of urgency that is created, auctions can occasionally result in higher property prices. You set an asking price for your home and then receive offers from buyers under a private treaty. A private sale may be more appealing to a buyer, but because it lacks the same sense of urgency as an auction or set date sale, it usually takes longer.

Market your property

It’s critical to market your home because it’s the only way to get it in front of potential buyers. A strong marketing strategy doesn’t have to be expensive, but it does take some investment to secure the greatest potential outcomes. You may advertise your property through a variety of outlets, and finding the correct mix is crucial. It’s also worth noting that 86% of individuals use the internet to search for a home to buy, making online advertising incredibly vital.

Exchange and settlement

When you agree to a deal, you can work out conditions and timelines that work for both you and the buyer. Your home is formally sold after a settlement period, which is usually six weeks. Despite the fact that this can be a difficult period, the procedure will hopefully result in a successful sale, allowing you to move on to the next phase of your life.