Whether you’re looking to buy a strata titled property as your own home or for an investment, it’s important to understand what strata is, how it works, and most importantly what costs are involved. Strata titled properties are generally apartments, townhouses and units, and these are usually referred to as ‘lots’. A strata scheme can.
Investing in property is exciting, especially for new investors. Like every financial venture, there are a few things you need to consider. Here are 8 tips to help set yourself up as an expert landlord from day one – and they will serve as a reminder for long-term landlords too. Know the Law From smoke.
When anyone moves into a property, it’s understandable they may want to make some changes more to their taste. Tenants can make changes but the key point is, they have to the landlord’s written consent, or if the tenancy agreement permits it. Here’s what you need to know about tenants wanting to make changes to.
While buying a property with a tenant in place may not be ideal if you are thinking of residing in the property, it may have some advantages if you are buying the property for investment purposes. For starters, you have a guaranteed income the moment you exchange, so you won’t be spending time or money.
According to the NSW Government, there are more than 1.2 million people in NSW living in buildings with strata schemes – this equates to approximately 1 in 7 people. Each strata scheme will have additional by-laws that all residents, including tenants, living in the strata scheme must follow. These are in place to make communal.
Property investors spend a large amount of time and effort carefully researching the property markets to find the best investment, and this time and effort should also go into fully researching their professional property manager. As well as saving investors both time and money, the essential role a property manager plays in preserving, and enhancing.
Newcastle and the surrounding areas have been undergoing a lot of regeneration over the past few years, and there are many great housing developments still in the pipeline. If you’re thinking of a change of scene and/or lifestyle, many of these new developments offer some great opportunities. However, there are other factors you may want.
Life is what happens when you’re busy making other plans according to the American writer Allen Saunders – and life events have a habit of happening when you least expect it. With people living longer and the increase in ‘blended’ families through people remarrying, financial and family arrangements can be a complex web. And when.
With interest rates going up again for nine-straight hikes, some property investors may be considering looking at other options to cover the costs of rising interest rates. One option some investors may be looking at is moving from a monthly rental to making the property into a short term let, and using platforms such as.
With energy prices spiralling upwards, the question many potential tenants are now asking is ‘how much does it cost to run the property?’ Here are some easy energy-saving upgrades, which your tenant will love, but won’t cost you the earth: Review lighting options Ensure all the light bulbs wherever possible are LEDs; as well as.
