Whether 2015 will be the year you buy your first home or the year you finish that renovation, make sure you plan first so that you can realise your property dreams sooner.
At this time of year many of us make those all-important New Year resolutions, but by mid-year a lot of us can lose focus. With a little planning and the help of the below checklist, you can set yourself up for success.
Resolution – Owning your own home in 2015
- Set a goal of how much of a deposit you’ll save and by when
- Draw up a budget to help meet this goal
- Pare down any existing debt
- Consider moving savings into a high interest deposit account
- Talk to a lender or broker about the amount you’re able to borrow
- Start making a list of possible suburbs
- Make a list of must-have vs nice-to-have property features
- Start comparing house prices in the areas you’re interested in
- Start attending open homes
- When you find ‘the one’ make an offer
Resolution – Selling your home in 2015
- Start looking at both listing and sale prices in your local area
- Make any improvements or update tired features in your home
- De-clutter! Put things into storage, or throw away anything no longer useful
- Consider home styling as an option to make your home as appealing as possible
- Talk to your local Harcourts agent about listing your property – they can also help with advice on all of the above!
Resolution – Renovating your home in 2015
- Research! Budgets can blow-out very quickly if thorough research and planning isn’t taken at the start
- Set a realistic budget
- Decide what can realistically be done by yourself and what needs to be left to the professionals
- Enjoy the fun stuff. Renovations can be stressful, but don’t forget to enjoy choosing features and watching your new home take shape
Resolution – Buy an investment property in 2015
- Do some thorough research into areas that have historically high rental yields
- Draw up a long-term budget to see how your investment will be geared
- Seek independent financial advice
- Set a maximum price you’re willing to pay
- Start looking in earnest for your investment property
- Make an offer
- If accepted, talk to your local Harcourts office about property management.
- Harcourts can handle advertising, finding and screening suitable tenants, regular and thorough property inspections and handle organising maintenance, repairs and even the payment of regular expenses.