You don’t have to break the bank to increase the value of your property. The key to simple renovations is to focus on areas that can make a difference and are in keeping with the property – it’s pointless putting in a granite bench top when the property is a small 2-bedroomed unit just as.
So you’ve done it! You’ve purchased your perfect investment property. It’s ticking lots of boxes – close to amenities and public transport, the floorplan is simple and there’s plenty of storage space. So what else can you do to make it attractive to tenants? Price Tenants are usually guided by what they can afford rather.
There were 263,245 registered motor vehicles in the Newcastle and Lake Macquarie district and 202,707 in the rest of the Hunter Valley in 2014 according to the Australian Bureau of Statistics. In Australia, we love our cars and you might be forgiven for thinking a parking space is essential for your rental property. If parking.
The time has come to sell your property, but you think there’s a problem – it’s still tenanted. This needn’t be the nightmare some people think if handled correctly; in fact it has a couple of advantages: You are receiving rent so you’ll not be paying for an empty property while it is on the.
More and more people are starting their own super fund and as this trend continues to grow, now may be a good time to elaborate a little as to how to go about starting one’s own super fund. Firstly and foremost we must point out this Real Estate Office is not an expert in Superannuation.
Landlord insurance is a must if you want to protect your property from financial loss, damages and accidents. And premium prices do vary; the age, property type (house, unit, apartment or townhouse), size and structure, quality of finishes and what’s included (furniture and white goods) will all affect the price. As well as the physical.
There doesn’t seem to be a week go by without some report saying property is rising or falling, but generally property values follow a cycle. Property values rise, remain steady or even decline during certain phases of the cycle. Ultimately, the value of property does increase over time. There are generally agreed four stages in.
With more developments popping up around the Newcastle area, ‘buying off the plan’ is becoming far more common these days, and there’s a variety up for grabs – apartments, townhouses, units and duplexes, although units are the most common in Newcastle at the moment. While some advice to ‘get in early’ to get the best.
When you’re doing your budget for your investment property, as well as paying your mortgage, you do have certain financial responsibilities you need to budget for. The good news is, many of these costs can be used as a tax deductible item so don’t forget to keep all your receipts and proof of payments. If.
Three Deductions From One Renovation Putting in a new kitchen or bathroom, landscaping the garden, or any other major renovation will instantly add value to your property and potentially increase your rental income, but there are other advantages too. Some property investors may not be aware you can claim some tax back on the depreciation.