Think ahead to protect your investment Edition 3 2007 Timely winter rains throughout the country have been welcomed by all, especially our hard-pressed Protect your investment farmers. But while it’s been sufficient to give some hope for the wheat crop, it’s also helped the Renovation adds value... undergrowth and before you know it, there will be dire warnings of a heightened risk of bushfires. Best time to sell? So now is a good time to review your insurance cover. Do you have any at all? In the aftermath of the disastrous Gippsland floods, far too many homeowners had gambled and lost everything by not Home 2 Home Loans Pty Ltd. taking out insurance cover. PO Box 2354 KEPERRA QLD 4054 Yes, it’s an extra cost, and one that can seem as low-priority if you’re looking out of the window at a cold grey day and have just forked out a large chunk Top tips to protect your assets! of your disposable income for mortgage payment, 07 3511 1006 rates and household bills. But consider what would • Check the cost of rebuilding the property with a builder happen if a major fire swept through your suburb or a professional valuer, taking into account the cost of this summer. Would you lose everything – and can demolition, debris removal and architectural, engineering you afford to? and council costs associated with rebuilding. email@example.com Even if you have insurance, it’s worth reviewing your • Do a room-by-room inventory of contents and work cover, especially if your insurance contract has been out how much it would cost to replace them with brand in force for some years. Chances are that your new items. insurance company automatically increases your • Shop around for competitive insurance rates - get several cover and your premium year by year, but you may quotes from insurance companies or brokers. The internet be very surprised by an up-to-date valuation of your PRODUCED BY ARTWORK MEDIA is a great way to do this; most insurers provide on-line property and its contents. calculators to help you work out the costs. The insurance industry regularly warns that a large So don't gamble with your largest investment! Call your proportion of the Australian public is under-insured, insurer and ensure your insurance is up to date. If you and it’s not just a ploy to get us all to spend more on prefer, contact me and I would be happy to arrange an premiums. Most companies will only pay out to the apointment with an insurance broker. sum you have insured, so if your $300,000 house is insured for $150,000, that’s all you’ll receive if the house is destroyed. Renovation adds value – but use a light Edition 3 2007 touch! Protect your investment If you’re thinking of buying a period home that needs Keep it good-looking some TLC, take care how far you go with Renovation adds value... renovations, because the wrong approach can knock thousands off the value, not to mention vaporising If the house has a distinctive period style, you have a big Best time to sell? decision to make. Should you faithfully replicate the the thousands committed to the renovation. style - or dare you add a contemporary note? Before you do anything, sit down with pencil and If you play safe and go with the old style, you are more paper and work out why you are going to renovate likely to create a ‘sympathetic’ renovation, but it may Home 2 Home Loans Pty Ltd. and what you want to achieve. If more space is cost you more and might not let in the amount of light PO Box 2354 required, why, how much and where? A full size that buyers expect today. KEPERRA QLD 4054 billiards room might suit you but how will future prospective buyers value it? Lean too far the other way, however, and you may easily alienate the purist buyer. It’s a narrow line to Period home buyers look for authentic period details, but walk, so if you are not fully confident, call in an expert. 07 3511 1006 they are not so silly as to insist on authentic period discomfort. Your Victorian or Federation property needs to be comfortable and energy efficient, so you need to By telling you what not to do, a qualified architect will factor this into your plans. Features such as larger not only save you from a potential financial disaster, he windows or skylights will have an impact on energy or she can add thousands to the value of your home. firstname.lastname@example.org efficiency. Depending on your use of the house and its location, oil, gas or electrical heating may be best, with a subsequent choice of ducted, hydronic, in-slab or discrete local heating. Many people start a renovation by drawing a floor plan, because it’s easy to let imagination run riot and you don’t have to be an architect to do it. But before you decide on PRODUCED BY ARTWORK MEDIA the floor plan, think about the effect it will have on the roof shape. Floor plans involving many rooms can create an unsightly scramble of rooflines and ridges, driving up the cost into the bargain. Change of season - Change of scenery Edition 3 2007 Does the change of season affect house sales? Real estate agents will tell you that ‘Now’ is always the best Protect your investment time to sell, but if pressed will confess that the January-March period is their busiest, while the rest of Renovation adds value... the year remains steady with the exception of Christmas. Longer days, better weather and time Best time to sell? available over the holiday period are probably reasons for this. On the other hand, many people believe that winter is the best time to buy. Why? Because that’s when they Home 2 Home Loans Pty Ltd. can see the property at its worst and perhaps spot any PO Box 2354 potentially expensive problems such as roof leaks, KEPERRA QLD 4054 rising damp or drainage problems. Whenever you choose to sell, you need to get the house looking its best. With its stable weather pattern, 07 3511 1006 autumn is usually the best time to tackle those essential household maintenance tasks. Clean the gutters, sweep up fallen leaves, crack open a tin of paint, give the garden a mini-makeover and get your house looking like email@example.com a great buy! Once you’ve given your house the DIY treatment, treat yourself to a free property market appraisal and see the real value of your hard work. Remember that if people buy in summer, they’re thinking of buying in winter so if your house is well-priced and properly PRODUCED BY ARTWORK MEDIA marketed, you will attract buyers at almost any time. If you don't have a regular real estate contact, I would be more than happy to introduce you to a local real estate for a free no-obligation market appraisal.
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