Archive for 2014

The banks’ least favourite property types

The banks’ least favourite property types

Often there can be a good property deal to be had, but will finance be readily available? There are more and more types of properties that banks are either refusing to lend against or will only offer a relatively low Loan to Valuation Ratio (LVR). They’re known as “specialised securities” and it pays to know which they are before becoming too heavily invested. Check with your lender before spending too much time on due diligence for a property that might ...

Continue Reading →

Do Pools Add Value?

Do Pools Add Value?

A common question our property valuers are often asked is “Do pools add value to a home or not?” and when we questioned the valuers we received some interesting responses. Location, type of pool and the socioeconomic status of the area all have a bearing on whether or not improving a property with a pool will lead to an increase in value.

Many people (often those with children) cannot understand how the addition of a pool would not add enormous value ...

Continue Reading →

How to Avoid Decreasing the Value of Your Property – A Renovator’s Guide

How to Avoid Decreasing the Value of Your Property – A Renovator’s Guide

The internet has plenty of information about how to increase the value of your property, but there’s a lot to be learnt from studying how people have managed to decrease the value of their property.

The world of home renovations is an area often plagued by overcapitalisation. Homeowners often get carried away and overdo their renovations, making it difficult for their home to sell and even decreasing the property’s value. If the neighbours don’t have a helicopter landing pad and mini ...

Continue Reading →