Real estate investors have become thoroughly busy and this has grossly affected the position of first home buyers. In the context, mooting over the idea of purchasing a fixer upper appears extremely attractive. Hold your bus, however, for there are certain considerations you cannot venture to overlook while making your decision; whether or not to buy the fixer upper. Here are a few of those considerations.
Tracey's Property News
What It Takes To Manicure A Lawn Perfectly
In an article for the website Smart Property Investment, the troika of Paul Eslick, Justin Eslick and Geoff Doidge (Renovation kings) talk about how a well-laid lawn increases the sale value of a home and makes it easy for appraisers to accord it a higher price tag.
Further in the article, they talk about the technique of manicuring the ground cover. The whole process of “laying out the new turf” is discussed in neat and easy-to-follow steps. The steps are centred around spraying the old lawn, removing the top soil layer, levelling the soil, and laying the new turf.
You can read the original article here.
How much did the perfect lawn manicure raise the price of your property?
Moving House? You Will Do Well To Remember These Tips
We have a tendency to get attached to our homes, as if they were living beings. Whenever we have to move to a different location, we get emotional, thus ignoring certain important to-do stuffs. Here is a functional checklist of the things you need to mind while moving house –
Agents Conspire With Sellers To Inflate Prices
No game is short of its share of villains and the great game called the property market also has its fair share of real estate agents who ply their trade dubiously. In an article for the website Smart Property Investment, Stefanie Garber talks about how they conspire along with the sellers to inflate prices of the properties.
LMI Insures Lenders, Not Borrowers
Lender’s Mortgage Insurance (LMI) is there to cushion the lenders and not the borrowers, says Stefanie Garber in an article for the website Smart Property Investment. It is well known that borrowers availing more than 80% succour (of property value) from banks need to get an LMI cover.
This cover, however, aims to indemnify the lender against borrower default. While it is true that the LMI does help the lender/bank cover his/its losses in case of Foreclosure, the insurer asks for the same amount from the defaulting party (homeowner).
This said, the LMI certainly helps buyers fetch property in a coveted area for a very small deposit fee, and then win through its capital gains.
You can read the original article here.
Do you think the premium of LMI is stiff for first home buyers?
Hike In Dwelling Approvals Is Welcome News
Consider Michael Yardney an optimist when it comes to predicting about the property market in the year 2014. In an article for the Property Update, Yardney takes us through the welcome hike in dwelling approvals.
The private sector has recorded an 18% increase in approvals and it just goes to prove that the government’s move to infuse life into the construction industry through reduced cash rate seems to be working.
New home sales have shot up by 7.5% during November 2013. This includes a rise of nearly 30% for multi-units and 3.6% for detached houses. September-November exhibits a hike in new home sales for all 5 surveyed states.
You can read the original article here.
How do you see first home buyers performing in Q1 of 2014?
