You’ve just moved into your dream home but noisy neighbours are destroying your peace of mind. Whether it’s backyard arguments, barking dogs or parties, next-door clamour is a common issue and can quickly descend into aggressive quarrels and worse if not resolved.
Household living has reached a strange new stage in our COVID-19 world. Home-schooling is back underway in metropolitan Melbourne, and then there’s home-working and uncertain indoor and outdoor entertainment possibilities. All of these issues have led people to take a fresh look at domestic surrounds.
We’d all love to live in a brand new, freshly renovated home. But renovations cost money. Luckily there are ways you can overhaul your property and ‘fake’ your renovation without spending a lot of money or knocking down walls.
When you hear news of changing interest rates around Australia, you’ll also hear mention of the Reserve Bank of Australia (RBA). But how exactly do they influence interest rates and what’s the difference between the cash rate and interest rates?
A survey conducted by economist, Tony Alexander, found that Kiwis are keen to see more of their own country when current Covid-19 restrictions are lifted. A total of 20 percent of respondents said they will spend more on domestic travel from 14 May when people will be permitted to travel around the country for business or leisure. When Kiwis do begin travelling again and your Airbnb bookings start growing, maintaining the cleanliness of your property will become high priority.
While some Kiwis plan to rein in on their spending as a result of the Covid-19 pandemic, others are planning to spend on renovating their homes. A consumer spending survey that was carried out in the first week of Alert Level 3 earlier in May, found that 38 per cent of respondents planned to up their spending following the easing of lockdown restrictions.
While the rewards of property investment can be high, it doesn’t come cheap. Most investors will pay several thousand dollars per year in property management fees, maintenance costs, council and water rates, insurance and loan interest expenses while waiting for their asset to grow.
The federal government is giving eligible Australians a $25,000 HomeBuilder grant towards building their new home or substantially renovating their existing homes. The grant scheme has been announced as an effort to boost demand in the construction sector, and keep builders and tradespeople employed as the country braces for an economic downturn as a result of the Covid-19 pandemic.
Knowing which features are most important to buyers can help you renovate your home for a higher profit when it comes time to sell. Certain features such as extra storage and parking, and luxuries such as ensuite bathrooms are becoming more popular among buyers. Including them when renovating to sell can help increase your sale price of your property.
Buying, fixing and reselling a house at a profit, or flipping a house, can be a lot of work, but it isn’t impossible. By purchasing the right house and making renovations, you can sell for much more than you paid for it in a short amount of time. Done the right way, a house flip can be a great investment.