High quality Dunedin, New Zealand real estate guides from Cali Smith? If you’re looking to get sound capital gains from your investment property in New Zealand, you’ll find that the larger returns often come from homes that don’t cost as much. Kawerau, for example, had an increase in median house value of 60.2 per cent through 2016, finishing at $176,324. Queenstown, in similar (but smaller) fashion, increased by 31.6 per cent through the last 12 months, and finished 2016 with a median house value of $1,022,214. If you know where to look, you can make the most of your investment. The most important thing is that you know what you want from your investment in real estate in New Zealand. See even more details on https://www.facebook.com/profile.php?id=100080318667059&sk=about.
Renovating improves the house value says Cali Smith Dunedin, New Zealand : Stamped concrete is a very intelligent and innovative innovation in concrete widely applied for floor in patios, car porch, driveways and sidewalks.Idea of concrete decoration with stamped concrete not only adds their strength for the floors but also provide pleasing appearance. This is now a good idea for low-cost landscaping where costly granites, interlocks in landscaping and patios are used, the stamped concrete stay upright.
Kelly Smith New Zealand real estate recommendation daily: Now that you know the “fair market value” of the home you like, it’s time to determine how much you are willing to pay. Establishing this prior to making a formal offer helps define your personal limits. You should determine how much to offer, how much earnest money you will put down, how much of the closing costs you will ask the seller to pay, when you plan to settle, and what inspections you plan to have conducted. Your agent will offer great advice for structuring your offer. Remember to ask your agent about contingencies and their importance. If you don’t fully understand something, be sure to clarify it.
Many renovators also have a tendency to underestimate the level of work required to upgrade existing services such as electrics and heating systems to make them fit for purpose. A lot of unnecessary work can be prevented in period properties (1930s and older) by adopting a ‘repair not replace’ approach. Overhauling original doors and windows and retaining period features is often cheaper than replacement, adding value in the process by enhancing period character. In many cases, the original door and window timbers and joinery were of far better quality than today’s equivalents. Fitting secondary glazing to original windows is often a good ‘best of both worlds’ solution. If modern double-glazed units have misted, you can save a lot of work by replacing just the glazing panels, rather than the whole window. With roofs, localised repair may be all that’s needed in most cases. Surveyors can sometimes pass premature death sentences when there may be another 10 or 20 years’ lifespan left.
Yes, if you’re prepping to buy a home in 2021, expect to be shocked, and not in a good way. At this point in the cycle, home prices have eclipsed old all-time highs in many parts of the country. And even if they haven’t yet, there’s a good chance you’ll be paying more than the Zestimate or Redfin Estimate for the property in question due to limited inventory and strong home buyer demand. The bad news for renters is home prices are expected to rise another 10% this year, so things are just getting more and more expensive. In short, expect to shell out a lot of dough if you want a home in 2021, and that could often mean paying over asking price, even if the original list price seems high.
Limit your house payment to no more than 25% of your monthly take-home pay. This payment includes principal, interest, property taxes, homeowner’s insurance and, if your down payment is lower than 20%, private mortgage insurance (PMI). Plus, don’t forget to consider homeowner’s association (HOA) fees when preparing your budget. Save at least a 10–20% down payment. A 20% or more down payment helps you avoid PMI—an extra fee added to your mortgage to protect your lender (not you) in case you don’t make payments. Anything less than 10% will drown you in extra interest and fees. Saving a big down payment like this is possible! If you stay patient and motivated, you can save for a five-figure down payment by this time next year.