Upgrading the security of your home not only gives you peace of mind but it can add to the overall impression of the property when you decide the time has come to sell. Owners who have applied security solutions usually receive favourable responses from buyers as it minimises the cost of home insurance. Remember, burglars…
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Home renovations are all the rage right now as owners look to add value to their properties or enhance their lifestyle without the inconvenience of moving and incurring all the costs that go with it. New kitchens and bathrooms are popular choices, while others are digging deeper to either rebuild completely or add an extra…
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Under the bright lights of a showroom, it’s easy to focus on the car of your dream and be lured into a finance arrangement that turns out to be excessively expensive. If you accept a dealer’s loan, you are likely to find negotiating down the price of your vehicle difficult. On the other hand, if…
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Fast cash comes at a steep price when you use payday lenders – and even if you make an inquiry to one of those companies, it goes straight onto your credit file. This doesn’t look good when you go to a traditional lender and banks have been known to deny applicants purely on the basis…
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Selecting a tenant carries an element of risk as a wrong choice can cost thousands of dollars in unpaid rent, damage to your property or both. There are no guarantees, but it’s possible to enjoy a relatively stress-free experience of renting property and building your personal wealth. Investing in a top-quality property manager will safeguard…
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Owning an investment property requires discipline around the organisation of your finances. While it’s important to use professional advice and services, such as those offered by an accountant, no investor should assume the general elements of a property investment will look after themselves. It’s vital that you stay on top of your mortgage and tax…
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Owning an investment property can offer attractive tax advantages in exchange for contributing to the nation’s supply of rental accommodation. In order to claim these advantages, it’s extremely important to keep your receipts. Being organised always helps maximise your tax position. Using a property manager can make this easier as you’ll receive an annual income…
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As a homeowner, one of the best ways to save money is to pay off your mortgage. This both frees you from the serious dent to your income each month when your mortgage payment is deducted and can deliver additional equity in your loan that you can use at a later date. It will depend…
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The critical aspect of refinancing a home loan is to establish the value of your property, which will act as the collateral against which your finance arrangements will be made. Lenders tend to vary in their assessment methodology but usually apply the 80% Loan-to-Value Ratio (LVR) principle. This dictates the size of the loan based…
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Modern lifestyles where we are all working from home is inspiring homeowners to restyle their properties and make them more functional. Priorities include creating more open plan living, lighting and interior design, and the visual appeal from the street. A home styled for the needs of the early 21st century should have a contemporary appearance…
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