Mulligan Property Group Blog
Most Australians will rent a home at some point in their lives and if you do, it’s inevitable that you’re going to experience a rental inspection.
Rental inspections can cause tenants a lot of unnecessary stress, simply because many people don’t know what to expect or what’s expected of them.
Here are a few easy ways to prepare for your rental inspection so you pass with flying colours and score another year on your lease.
Building inspections and pest inspections are generally undertaken by the same company, sometimes by the same person. Though you need to ensure they are licensed for both activities. They are paid by the prospective buyer to look at the property and report on its condition, especially defects. As a seller, it is important to remember this.
Australia is on it’s way to becoming a nation of renters. With property prices rising, especially in the urban and suburban areas, people are beginning to not just remain on the renter ‘treadmill’ but find it the most appropriate choice for the current predicament.
The Australian Bureau of statistics found that 71.4% of Australians owned/mortgaged their home in 1966 as opposed to the 69.8% in 2006. Although that is only a 2% decrease over 40 years, it is an over 2 million people difference that are living in rented accommodation.
So as the renting population increases, the landlords decision on which tenant occupies their property can become confusing and a bit overwhelming. When choosing your tenant; keep in mind there are only two factors you need to consider.
1. Their ability to pay the rent for the property
2. Their ability to ability to care for the property.
Here are a few tips on how you can ensure these two factors are met and make your decision a little easier.
Have you thought about what you might be able to get for your home or dreamt of the possible opportunities that could open up if you released the funds tied up in it?
If not, perhaps give it a try. Most people only ever put their homes up for sale when something changes in their life – this means that they don’t want to sell, but they need to sell. Which isn’t ideal.
Deciding to sell a home can be a tough call. It’s easy to get sentimental and to think of the property as a personal belonging rather than as an asset. This can be particularly hard if deep down we want to sell but we just can’t bring ourselves to do it.
If this sounds like you, then hopefully this post will give you a couple of things to think about.
If you don’t want to sell, ever, then this probably isn’t for you. We are not going to try to convince you to let go of a home you truly love and hold dear if you don’t want to!
So with that out of the way, let’s begin.
These days, as a renter it is very hard to find a landlord who will take on you and your beloved pet. Even if you can get the agreement of the landlord, you may still have to face pedantic strata committees and complaining neighbours.
Still, there are people living across Australia in apartments with pets and no problems. We will explore the options pet owners have in applying for rental properties, and give tips on how to make yourself the more attractive prospect.
Being a good landlord takes a little more effort than just sitting back and collecting the rent and taken on the title comes with certain responsibilities. Here’s our list of what you need to know about being a landlord:
Buying or selling a home is possibly the biggest financial decision of your whole life, here’s why we recommend to use a Real Estate Agent.
Interest rates have begun to rise and will likely climb higher. Inventory is low and could shrink more. And home prices? Well, home prices are increasing—and they’re not predicted to fall any time soon.
It’s tough to buy a home today in most places in the country because there are so few homes for sale, but if you wait to buy, then you’re gambling that the market will be better for you to purchase in the future. And that is not a smart gamble. If you’ve been toying with the idea of buying, or you anticipate a life change that might force you to move, you should be aiming at buying as urgently and as soon as possible.
Our love affair with property seems to know no end.
But is it a better financial decision to buy your own home, or keep renting and invest your cash?
Interest rates may be low, but most first-home buyers spend years saving for a home. While prices may be rising, that doesn’t mean you can’t get into the property market!
Here are a few alternative options for those looking to start investing in property.