Archive for October, 2010

How Renovations Can Improve The Value Of Your Property

Renovation activity likely to increase

With the rate of property value growth slowing, sales volumes falling and construction of new housing continuing to soften we wouldn’t be surprised to see an increase in the number of homes undergoing renovation over the coming months.

Renovation activity comes in many shapes and sizes and includes; ‘major’ renovations where owners add additional rooms to a house, ‘moderate’ renovations such as a new kitchen or bathroom, or ‘minor’ renovations such as re-painting or re-tiling rooms.

When comparing the Australian Bureau of Statistics (ABS) data for June 2009 to June 2010, the total value of building approvals for alterations and additions (including refurbishment and conversion) has increased by 13.8% to more than $520 million during the month.

Despite the increase in the total value of building approvals for alterations and additions increasing, housing finance data shows that owner occupiers have actually committed to -12.2% less finance for alterations and additions than they did 12 months previous.

The two results would seem to contradict one another.  The increase in building approvals data suggests that the major renovations where owners alter or extend their property are still occurring.On the other hand, the decline in housing finance data suggests that many of these projects aren’t requiring finance.

Over the June quarter of 2010 property value growth has slowed and sales activity has begun to fall.These conditions convey that some home owners may be more likely to remain in their current home rather than sell and move.When you consider moving costs and stamp duty you can see why some people would prefer to stay put.

Below is the median home price across each capital city and the approximate amount of stamp duty payable based on that price:

  • Sydney – $495,000, $18,500
  • Melbourne – $470,000, $23,300
  • Brisbane – $445,000, $14,000
  • Adelaide – $390,000, $15,800
  • Perth – $475,000, $16,600
  • Hobart – $320,000, $10,300
  • Darwin – $489,750, $23,100
  • Canberra – $495,000, $20,200

You must also consider that often when home owners move they purchase a more expensive property and there are other costs such as: legal fees, cleaning and removalists to consider.

Although building commencements data was still reasonably positive up to the March quarter of this year, building approvals have been trending lower since March and are now down -19.5% over the three to June.  Owner occupier housing finance commitments for the construction of new dwellings and for the purchase of new dwellings is down -23.6% and -13.7% respectively over the year indicating that there are far fewer opportunities for those looking to buy a brand new home.  A brand new home will essentially have everything the purchaser needs and not require any improvement (at least in the short term).

With the prospects of strong property value growth seemingly diminishing over the second half of 2010 we expect home owners to look to add value through renovation.For anyone that has owned since the beginning of the price surge at the beginning of 2009, they are likely to have more than enough equity to undertake some property improvements to their home.

For more property sales and real estate data please visit the myrp.com.au web site.

Good Price And Good Condition Will Sell Your House

Short Sales Done Easy

Hello, Steve Horn, Phoenix short sale realtor, coming to you live with some information concerning 2 factors that are significant to you when you are listing your home. Those 2 factors are price and condition. There is a difference between placing your home on the market to sell and being in the market or placing your home on the market and just attempting to acquire an offer.

Figures don’t lie. It doesn’t matter how magnificent your house is, if you are priced above the market you will not get showings. If your house is in meager condition the same idea holds true. You will not receive showings if your house is in poor condition. The ideal blend to sell a home in the Phoenix market is to have a price that is priced at what other homes are selling for and have a property in good condition.

It doesn’t matter if you have a scenic pool or granite countertops, or a great lot. You need to have a home that is priced well and in respectable condition. As far as showings go, you will know if you priced your property well if you have numerous showings in the initial couple weeks.

If you get a lot of showings and get no offers, odds are that your property in not in good condition. Otherwise you drop into no mans land. That ought to imply that there is something wrong with your property. Possibly you can clean up your home or reprice the property.

If you have been in the market for more than 2 weeks and have not had a showing, you have probably priced yourself out of the market. If there are no showings, the purchasers do not even know the state of your house. This means that the price needs to be adjusted.

This is a very good breakdown of how to sell your home and what you need to mull over when you resolve to list your house. Be aware of these 2 key factors and you will be victorious.

Continue to check out our website and contact us today. I am the top Phoenix Short Sale Specialist for your needs.

Arizona Steve Horn Team can answer your questions. We are Arizona’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtor, Steve Horn, at Homes by the Horn presented by the Steve Horn Team, Short Sale Specialists of Arizona

A Locksmith Will Help With Any Projects

In Washington, it really is important that a locksmith becomes familiar with the most innovative new keys to remain competitive. From the swift changes in electronic devices , the lock technician isn’t going to fair well without knowing all these new digital keys and locks. Assistance requests like lock re-keys and lockouts can come in at any time, so a locksmith in Burien, WA has to be ready to be open at any hour. All of these points combined are precisely what will determine a lock and security professionals’ destiny in the current market.

Car assistance is essential for a lock company to implement. Varying styles and locking devices among cars and trucks help to make it hard for a beginner to operate on effectively. Opening a locked door or replacement keys are two of the most typical jobs for a lock technician. Before setting up an appointment, be sure that thelock specialist has the necessary equipment and working experience service the car.

Local homes make up a large amount of a locksmith professional’s regular services also. Residential home safety and security is often a high priority for most people, and it’s a locksmith professional’s duty to make sure that individuals are protected from local dangers. Usually just the best locksmiths can work kwikset locks, access control, and fireproof security safes, still most home locksmiths should be able to put up patio door locks or re-key existing locks. Do not be hesitant to get in touch with several regional lock service professionals and inquire about their practical knowledge and residential service charges.

Hometown lock pros are consistently fighting to land the big cost industrial job opportunities in Burien, WA. The proper licenses are crucial for a locksmith to effectively carry out industrial work. Lots of companies call lock installers concerning everything from updating security door locks to adding access control systems. Contacting multiple locksmith companies and asking about their commercial rates and working experience is the most effective way to find the best fit for the position.

The planet is a crazy place, so it is necessary to be shielded from external threats whenever feasible. Not offering a service money back guarantee, a lock security organization won’t be in a position to make the trust necessary to remain competitive in this world. Make an effort to get a quote on services like storm door installations over the telephone or email prior to signing something. Don’t take protection softly and forever call a responsible locksmith.

Buyers Market Advantage For Austin Home Builders

Some Austin home builders concur that the central Texas region is a place of economic optimism. Unlike other regions of the nation, home purchasing is increasing by about 3% to 4%. Although this is not a sizable rise in home sales, potential house customers are taking advantage of the economy in Austin, Texas. In fact, although homes sold, for the average single-family home within Austin, is in the vicinity of $244,000, prospective house purchasers could purchase properties from as little as $130,000 and up.

Evaluating the Months of Inventory (MOI), it seems to say that home builders Austin are working with an economy that leans further towards a buyer’s market. In addition, there is no dearth of publicity for the Austin region, as far as real-estate economics is concerned. Because Austin was lately rated as the top metro area in the country by CNN, the quantity of persons migrating to the region would indicate that many are intending to benefit from Austin’s economic expansion.

Single-family houses, custom made housing builders, and the new infrastructure of condominiums are the three primary focus areas for Austin TX new homes. The top Austin home builders and buyers are with regards to the new procedures of building and design for houses in the area. This means that there’s a strong desire to act upon the needs for environmentally friendly building and construction. The growing environmentally friendly home concept in Austin Texas is a certain benefit for the city, and for individuals who are concerned with the increasing amount of energy usage that is being pulled from the grid as a result of the growing population. It seems that potential home owners are open to building and purchasing a home that has used environmentally friendly and knowledgeable home-building strategies because they realize that cost savings on utility charges is vital.

Home builders Austin have available building projects within North and South Austin, as well as the surrounding areas, for example Dripping Springs, Cedar Park, Leander and Round Rock. New Austin homes designs generally include 4-sided brickwork exteriors, high ceilings, plus some have 3-car garages for the 3 and 4 bedroom floor plans. Customers can purchase properties with floor plans ranging in dimensions from slightly over 2000 Sq. Ft to nearly 3000 square feet of livable space. For Austin TX new homes, customers also have their choice of one or two-story houses. Many developers expect that prospective customers realize and value the numerous amenities which come with the house and their surrounding community. These amenities often include valuable and stylish residential areas that are developed with Austin parks, lakes, and amusement in mind. House builders also take into account the highly popular and special communities in Austin and neighboring places, but have still supplied convenient highway access.

The verdant surroundings of the central Texas hill country compels purchasers to get through the problems of financing that stem from both sides of the lending and borrowing economy. Even with poor credit concerns and zero-down hopefuls, financial institutions are searching for a stable job history or constant and provable income more than ever before. Despite a savvy Austin home builder and sensible investors, which for the present time are trying to keep the home economy afloat, both loan companies and purchasers are still vying for the side of caution. Even so, many are hopeful, believing that a slow economy for the Austin home builder is better than a downward cycle just the same.