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5 Stages of Home Construction and Your Loan Impact
It is wonderful to design and build your home the way you always imagined it to be. But, it can also be long and expensive–that’s why many people are unable to pay the construction cost in advance. Here, a normal mortgage may not meet your needs, and hence, a construction loan comes into the picture. However, most lenders are quite particular about construction loans as you are asking money for something that does not exist yet. Moreover, there is less certainty of the property attracting a good resale price after completion. If anything goes wrong, like the builder doing a…
5 Common Strata Title Property Problems and Solutions
Hello folks! If you have recently shifted to a strata community or are planning to do so, you are about to welcome few changes in your life. Being a resident of a strata title property can prove to be beneficial in certain ways. For example, you do not need to take full responsibility for maintenance of your property. The burden of maintenance is relieved from your shoulders to the strata corporation by paying a certain strata fees for upkeep of the community property. Moreover, it costs much less in terms of investment when you buy such properties rather than a…
Seven Tips for Purchasing a Home Australia
Going for A Property Purchase Is Never An Easy Task. It is always going to require thorough preparation, that too, in advance. It will also involve huge investment, not just in terms of money but also in terms of time and effort. Before stepping into the real estate market, you need to understand whether you are really ready to go for it mentally and financially. Once you have figured that out, you should be aware of all the aspects to consider. This will help you navigate smoothly through the home buying process which can otherwise become quite stressful. To begin with, Get…
7 Renting Nightmares and How to Overcome Them
Buying a property doesn’t always leave you getting to stay in it. Sometimes, we buy it with the intention of investment and renting it out meanwhile. However easy this sounds, all house owners do wonder why their property isn’t attracting a suitable renter or at a price that may help them pay maintenance costs of their investment. While it can be a lot of things related directly to their property, only a few homeowners consider that something outside that perimeter might be bothering the potential renters. And as a smart homeowner, you must know how to iron out those wrinkles.…
What To Consider While Buying Property Off The Plan
In simple terms, Buying A Property off the plan means to buy a property that is yet to be constructed. It involves a person entering into a legal contract to purchase a property before it reaches the final stage of its development. Both investors and home buyers go for the an off the plan purchase, but for different reasons. Buying property off the plan may seem like a tricky option to consider. After all, you are just relying on the promise made by the seller that the property will be developed according to a certain plan on paper. You simply have access…
How To Buy An Investment Property With Low Deposit
Saving money for a deposit to buy investment property is a daunting task. Ask anyone with the experience of buying a home and they will tell you that when they purchased their First Investment Property, it felt like they were running after a speeding train. The more they saved, the more the property prices increased. Today too, many investors miss the chance of getting their hands on an investment property because of not having the required deposit amount. In the current real estate market scenario, there are tighter lending regulations, wherein lenders require that you as investors should contribute a certain…
The Most Popular Time To Buy A Home
There are a lot of factors that come into play while buying a property starting from personal and financial concerns to the condition of the real estate market. Buying A Home Is A Big Decision and you need to be sure that you make the right choice. Apart from finding the right property, the next important thing to consider is when to buy. Going with the common perception, people usually prefer to buy during the spring season. Spring is a bright phase of the year when people want to step into new beginnings. The bright sunshine and cheerful days of the spring season…
Types of Insurance for Homeowners in Australia
Investing in real estate may cost you a significant amount of your lifelong earnings. The reason people invest in real estate is because of the potentially high returns it offers in the long run. However, an asset of this value needs to be insured, for there are many circumstances which may result in unexpected costs related your investment. To safeguard your assets against a number of external factors as well as to prevent you from losing your hard earned money invested in property, there are a variety of insurance schemes for homeowners in Australia. Today we explain to you some…
Should You Buy An Old Or New Property?
Do you remember buying your first car? Weren’t you confused about whether to buy a new one or an old refurbished one? Surely, every now and then, you would weigh down each and every option for both cases so that you could reap the maximum perks no matter what is chosen. Similarly, now that you are planning to buy a property, you are once again standing at the same crossroads. You are facing the same dilemma as you did while buying your car. The only difference is that buying a house is a lifetime investment plan. Why are you buying…
Residential Areas In Australia With Highest Auctions
Whether a property is likely to be auctioned or not depends largely on its geographic location, the type of dwelling and the price points. The trend towards higher auction sales has been picking up pace since the middle of 2012. This overlaps with the beginning of the current growth phase in the property market. 2015 was a year of strong growth. This coincided with a high percentage of homes being sold at auction, approximately 19.2% Of All Dwelling Sales (till the month of September). In phases of strong housing market conditions, auctions are a popular way to Sell A Residential Property. Market…
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