If you’ve been doing some channel surfing lately, you’ll see that programs that deal with home improvement are becoming quite popular. Their popularity clearly shows how everyday Australians are becoming more interested in renovation. An article written by Cameron McEvoy for RealEstate.com.au talks about this love for renovation among Australians and more.
Having a home you can call your own is perhaps one of the best feelings in the world. However, there is one word in the world of real estate that somehow brings a euphoric home owner back to earth, and that word is equity. It is the one word that reminds home owners that they only own the value of what they have already paid for the house against its fair market value. That means for a home that has been appraised for, say, $200,000 with the owner still owing $125,000.00 on its mortgage, the equity is $75,000, and that is what the home owner actually owns of his/her home.
Of course, the natural way to increase your equity would be to pay off the mortgage, but unless you have lots of cash lying around that will help you pay for it immediately, that would take a really long time. There are ways that you can create instant equity to your property, and making renovations on your home is at the top of that list.
If you’re a home owner, there will eventually come a time when you have to get some renovation work done on it. While planning a renovation project can be a rather exciting thing, it can also get really stressful, particularly in the finance department. Managing your budget responsibly can get a bit tricky. If financially managing a renovation project becomes a bit of a problem for you, perhaps this article written by Tony Rigby for RealEstate.com.au can help.
It’s a pretty exciting time, being able to rent your very first apartment, a clear sign that you’re finally independent. You are bursting with anticipation about the things that come with having your own place and the things you could do with it. That initial rush, however, is often replaced by a sense of being overwhelmed, simply because having your own apartment means that furnishing and decorating it is your sole responsibility and no one else’s.
When furnishing and decorating your own place, there a lot of things that you need to consider. To help you get started, here are some furnishing and decorating tips for your first apartment.
Home owners undertake renovation projects for a variety of reasons. If your reason for the renovation has something to do with increasing the equity in your home or selling it sometime in the future, we’d like to offer a few tips that would help ensure that your renovation project would be profitable when the time comes.
There was a time when all a person had to do to achieve proper ventilation at home was to open a window or a door. These days, however, proper ventilation the natural way has become some sort of a complicated matter. Opening a window could either mean higher energy costs or letting more pollutants from the outside in. Still, every home needs proper ventilation—open windows or not—because it is critical to home comfort in so many ways.
A study commissioned by the NSW Government Fair Trading has confirmed that word of mouth is the best kind of marketing for tradespeople. The 2013 study, which looked into consumer behaviors when they hire a tradesperson, was conducted by independent research company Instinct and Reason. About 1,000 NSW home owners who had hired a tradie in the past 18 months from the start of the survey acted as respondents.
So you’re embarking on a structural home renovation or house building project. This generally means that you are going to require the services of a builder with the right expertise to make sure that you not only get the results that you want but that the construction is legal and complies with all council and building regulations. You will therefore have to be certain that the builder you’re hiring is properly licensed for your own protection, among other things.
So how do you check if your NSW home builder is licensed?
All gutters serve the same purpose: to divert water off a roof, away from the house itself. Not all gutters are created equal though, for one reason or another. Guttering comes in a variety of materials and styles, and this wide range of choices can help you decide not on the best type of guttering there is, but on the best type of guttering for your home.
As stated above, guttering comes in a variety of materials. Here are some of them.
So you’re about to do some home renovations because you intend to sell your property shortly. That’s perfectly normal, and in most cases, a brilliant idea. Home renovations can certainly help add value to your property, but it’s also a fact that some renovations, particularly DIY ones or too “trendy” ones can actually cause property value to plummet. There are certain factors that you need to consider so you can renovate to increase property value, not pull it down. Here are some tips on how to renovate to increase your property value and profits, especially if you are planning to sell it.
