Should I sell, stay or renovate??????????
Did you know that close to 53% of all mortgages are actually introduced to lenders through mortgage brokers?
The simple reasons for this is that
It is easy for us to look at your overall situation and match your needs to the right solution
We can find in 5 minutes all the solutions that it could take you weeks of research to find
We know the banks products better than they do
We present back to you a proposal BEFORE you sign anything so that you have peace of mind about the solution you have chosen
We may even recommend that you don’t do a thing…………….refreshing isn’t it?
If you are thinking that the house is just getting too small or it’s not quite right anymore for your ‘living’ needs; then you need to think very carefully before you “just “ put that “For Sale” sign out the front. The cost of selling your current property and buying into a new one can be quite an expensive exercise. It could cost you around $40,000 (to sell and buy) as a minimum for the exercise based on a $450,000 property.
Of course if you want to change suburbs or locations; then it would be sensible to sell and look around for the perfect match in your next home. Then of course we can talk about other options, so that you can stay in your current home until you secure the new one.
If you love your current location, then maybe it is time to review your overall living needs and renovate to suit. What could $40,000 buy you in renovations and overall value on your current property? Or could you use that equity to purchase an investment property?
I did this same exercise with my home. I looked around to see what was available in a home that had a larger outdoor area and came to the conclusion that what I really love is “where” I live and I just wanted to have more outdoor (all year round) usable space. So for under $20,000; the new patio gave me an extra 120 square metres under the patio roof and I have created a lovely tropical paradise and enjoy the outside no matter what the weather.
I have even managed to create a small gym area. It looks great and I must goal set to use it more often or actually to start using it.
So let’s talk about setting you up into the next property by using the equity in your current property.
Insurance: Is your life insurance up to date? I can review your insurance when I look at your home loan and get you up to date with everything.
NOTE: if you have life insurance within your Superannuation; then please; please check the beneficiary. On two reviews recently, I have picked up that the beneficiary is in fact an “ex- spouse”. The beneficiary on a superannuation policy is “locked in”; so it needs to be changed whilst you are still making footprints on this planet
