Our obsession for big homes has helped us displace a long-standing trend. For the first time, homes built in Australia are bigger than those built in America and this change in statistic-sheet needs some serious introspection. It is time to ponder whether we actually need such big homes, especially in the light of an ever-imminent housing shortage.
Tracey's Property News
Consider these aspects before buying a fixer upper
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.
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?
