Just remember we got this, in case you just need a cheer squad – and some days are like that know we are here to cheer you on

Just remember we got this, in case you just need a cheer squad – and some days are like that know we are here to cheer you on

Defining Strategic Renovation

Every renovation decision that you make should be strategic and quantifiable.

So it’s not doing it for yourself, [that’s not strategic] it’s emotional. It’s based on your wants or what you like.

But strategic renovation is making that change or making that improvement because it strategically adds value to the property and value that you can quantify.

You look at another comparable property at the renovated level and that’s the standard you’re renovating up to.

Strategic is part of a long-term game plan. If I think of a strategic exercise or strategic plan, I think of each component has its place, but it all contributes to the end goal…

It’s around having that strategic action plan that says: ‘Where am I going to spend my money? Where am I going to get the best value?’ And it’s almost looking at that cost benefit analysis for every single decision.

If you’d like to know more about renovation and how to save you time and make you money, download my ebook Renovation tips and tricks https://investorschoice.com.au/renovation-tips-&-tricks

#supersizeit #renotips #renovation #homerenovation #propertyinvestment #firsthome

The Late Payment Problem

Applying for a mortgage for your first home is scary.

You’ve been saving your deposit forever.

You’ve prepared the paperwork and sent it to the lender.

Your fate is in their hands.

So many aspects can lead to rejection.

That’s what Tom and Sally discovered.

They rented while saving to buy their first property.

They thought a few years of renting and saving would set them up perfectly to buy their first property.

For over three years, they made every rent payment on time.

They were model tenants.

But one oversight halted their plans.

The couple decided to treat themselves to a holiday in January.

Sadly, they forgot to transfer their rent money from their savings into the main account.

The money came out of the account on Monday and made it overdrawn.

Their rent went into default.

They resolved the issue when they got back home.

But, when they wanted pre-approval on their first home loan, the lender said no.

They cited poor rental conduct.

Luckily for Tom and Sally, they managed to resolve the issue.

But not everyone has such an understanding lender.

Their story shows that you have to account for every little detail when applying for a mortgage.

Lenders check every aspect of your history.

Something as small as a single missed payment could ruin your plans.

We want to ensure that this doesn’t happen to you.

And to do that, we aim to make it as easy as possible to get your first mortgage.

We’ll show you more about the grants that are available to you and how to get your first property faster.

Join our First Home Buyer Facebook community to learn more about the framework
https://www.facebook.com/groups/firsthomefirstinvestment/

Sometimes it is important to just remember the simple things

Sometimes it is important to just remember the simple things

Predicting Capital Growth

When we’re looking at predicting growth, one of the key things that most people do is they go back to the past and look at what has driven growth in the suburbs.

There’s information that we can pull out around the infrastructure that has gone in, that has made areas commutable.

We look at things like:
Population increase
Income increase
Gentrification

Another thing that I often look at is the ripple effect.

I’m looking at the fact that when one area is too expensive, there’s a flow on to the next area…

In the future, there’s going to be a lot more data analysis and that we’re able to do a lot quicker, and I’m sure there’s going to be a lot more predictions that come out.

I always keep an eye out on experts’ reports and what they’re predicting as well. I compare it against what I’m looking at and the prediction information that I use.

I think that gives you a really good start at looking at the entire market and all areas that you might consider in the future for you to invest in.

Download the ebook buying process https://investorschoice.com.au/buying-process/

#sourceit #rippleeffect #propertyinvestment #realestate #mortgagebroker #capitalgrowth