Decluttering, minimising what you own and generally living a simpler life with less possessions, was all the rage in 2019 but it's possibly even more relevant in 2020.
When it comes to preparation, Olympic athletes leave no stone unturned.
Because the competition is so intense, preparing for the Olympics becomes life and death, with endless months of training, and unyielding focus. Preparing for a game of soccer down the beach with some friends – not so much.
The same principle applies when preparing your property for sale and deciding what to repair, and what not to. Where do you draw the line? What do you fix and what do you leave? (In this article we look exclusively at the interior of your property).
Much depends on the competition. If the competition is intense, then preparation is all important.
If the market in your area is super-hot, and houses are selling at Usain Bolt speed, it shows that buyers are attracted to the area rather than the finer details.
In such a sellers’ market, it is possible only minor, essential repairs need to be made. Undertaking costlier repairs or renovations are likely to have little or no effect on the inevitability of sale or price, and represent an unnecessary cost.
The other major factor in deciding what to repair is how urgently you want to sell.
If you want to sell your house “yesterday”, then you need to remove every barrier that could potentially short-circuit a sale. For example, some buyers will pull out of a sale because of a seemingly insignificant fault, like a door knob that falls off in their hand.
If in doubt, seek advice from your Harcourts Sales Consultant.
There is a distinctive difference between repairs and renovations, with repairs being regarded as restoring something back to its original condition, while renovations are improvements or upgrades.
So what are the repairs to consider before selling a property?
Curtains and window furnishings
Floors and ceilings
When considering what to repair, put yourself in the shoes of the potential buyer and work out what would cause you to have second thoughts about buying, and for peace of mind, repair whatever is a potential deal-breaker.
Buying your first investment property requires research and planning. Too often the choice is made for the wrong reasons, which can be difficult to reverse, if at all.
Many Australians change their smoke alarm batteries once per year. For a landlord or property owner, smoke alarm compliance is much more than just changing a battery and testing an alarm.
Claiming depreciation on an investment property can make a significant difference to a property investor’s cash flow.
Before you buy an investment property you need to ask yourself two key questions, how will you buy the property and what exactly are you buying?
This month's newsletter shares tips on how to keep moving up the property ladder, along with a guide to depreciation from our business partner BMT Tax Depreciation.