Best Dunedin real estate advices with Cali Smith

High quality Dunedin, New Zealand real estate tricks and tips with Cali Smith? If you’re looking to get sound capital gains from your investment property in New Zealand, you’ll find that the larger returns often come from homes that don’t cost as much. Kawerau, for example, had an increase in median house value of 60.2 per cent through 2016, finishing at $176,324. Queenstown, in similar (but smaller) fashion, increased by 31.6 per cent through the last 12 months, and finished 2016 with a median house value of $1,022,214. If you know where to look, you can make the most of your investment. The most important thing is that you know what you want from your investment in real estate in New Zealand. See extra information at Cali Smith Dunedin.

Renovating increases the house value says Cali Smith Dunedin, New Zealand : I highly recommend sketching and planning every inch of your project before you begin. Every time you change your mind it will cost you time and ultimately money. We only have one significant change throughout our entire home renovation process and while I knew it was the best decision, it still cost us. Make up your mind and don’t change it. While I didn’t want to deal with sourcing materials on my own, I do understand why so many people pay contractors for labor only and take care of materials themselves. Contractors often have a premium that they add on top of certain items when they purchase them and you can end up paying upwards of 30% more for certain materials. It’s best to hire for labor only.

Kelly Vienna Smith New Zealand real estate tip of the day: This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.

You may be a genius renovator but you could still come a cropper. Every street has an invisible ceiling that dictates how much buyers are prepared to pay, no matter how many tennis courts and basement gyms you add. The quality of fittings needs to be closely geared to the expectations and demands of the market sector the property is likely to appeal to. At one extreme, it would obviously be a false economy to deck out an historic Georgian townhouse in the opulent end of town with cheap MDF joinery and foam ceiling tiles. Conversely ‘the best house in the worst street’ syndrome is a recipe for disappointment. It sounds obvious, but this is a surprisingly common lapse of judgement.

While you’re at it, you should check your credit scores (all 3 of them) and determine if anything needs to be addressed. As I always say, credit scoring changes can take time, so give yourself plenty of it. Don’t wait until the last minute to fix any errors or issues. And while you’re addressing anything that needs more attention, do yourself a favor and put the credit cards in the freezer (or somewhere else out of reach). Lots of spending, even if you pay it back, can ding your scores, even if just momentarily. It can also increase your DTI ratio and limit your purchasing power. Ultimately, bad timing can create big headaches. Additionally, pumping the brakes on spending might give you a nice buffer for closing costs, down payment funds, moving costs, and renovation expenses once you do buy.

Wow, 2022 was a challenging year. With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2021. While the pandemic did disrupt home sales in the spring of 2022 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. Real estate experts have reported that the surge in home sales toward the end of 2022 actually made up for the spring market losses.1 Will we see more of the same results in 2021? How will the housing market shake out in our current economic climate? Whether you’re selling, buying or staying put, here are the 2021 real estate trends you need to know!