Friday, March 1, 2013

4 Secrets To What Attracts A Tenant To A Property

Prop­erty Invest­ment in Seven Hills and gen­eral is all about secur­ing a good ten­ant for as long a period of time as pos­sible. There­fore when con­sid­er­ing buy­ing an invest­ment prop­erty for this pur­pose, it is import­ant that you choose the right prop­erty and also con­sider adding fea­tures that will attract the right tenant.

Prop­erty Position

Prop­er­ties in close prox­im­ity to facil­it­ies like schools, ter­tiary edu­ca­tion and close to shop­ping areas like super­mar­kets, take away and video hire stores can be popular.

Also, being close to the busi­ness dis­trict and water­ways and beaches also can be attract­ive to par­tic­u­lar ten­ants. Being close to parks, walk­ing and bike trails, schools and lib­rar­ies can also prove pop­u­lar. In areas that have pub­lic trans­port, being on or close to a route is also desirable.

Ten­ant Friendly Fea­tures — Inside

Inside a prop­erty, it is import­ant that fea­tures are designed to be com­pat­ible with a tenant’s life­style, as well as pro­tect the life of the prop­erty. Things like select­ing good qual­ity paint for interior walls and wood­work that is of a strong wash and wear qual­ity. Choos­ing car­pet that is not light in col­our, res­ists stains and is hard wear­ing. Con­sid­er­ing tiled floors for high traffic rooms like pas­sage­ways and living/dining and kit­chen areas, or a qual­ity lino.

Mak­ing your prop­erty ‘ten­ant friendly’ is all part of smart and suc­cess­ful prop­erty invest­ment.

Ten­ant Friendly Fea­tures — Outside

These days with peoples life­styles becom­ing busier, fea­tures on the out­side of a prop­erty need to be low maintenance.

Gar­dens selec­ted with hardy nat­ive plants that cope well in the local cli­mate, and lawned areas kept to a min­imum is smart. Hav­ing a fully auto­mated water­ing sys­tem with pop-up sprink­lers and drip­per sys­tems to plants are com­pat­ible with busy life­styles of today. Fur­ther, garden beds with plastic under­lay, topped with bark chips that dis­cour­age weed growth ensure an easy garden to man­age by most tenants.
Secur­ity Features

Secur­ity fea­tures are becom­ing neces­sary in today’s chan­ging world.

Con­sid­er­ing fea­tures like front secur­ity screen doors, dead locks, win­dow locks and in some cases win­dow secur­ity grills make a prop­erty more attract­ive to the right ten­ant. Installing move­ment sensor spot­lights to front drive and front door walk ways, and lock­able access gates again are good secur­ity fea­tures to be considered.


4 Secrets To What Attracts A Tenant To A Property

Prop­erty Invest­ment in Seven Hills and gen­eral is all about secur­ing a good ten­ant for as long a period of time as pos­sible. There­fore when con­sid­er­ing buy­ing an invest­ment prop­erty for this pur­pose, it is import­ant that you choose the right prop­erty and also con­sider adding fea­tures that will attract the right tenant.



chick-tenant property magnet


Prop­erty Position

Prop­er­ties in close prox­im­ity to facil­it­ies like schools, ter­tiary edu­ca­tion and close to shop­ping areas like super­mar­kets, take away and video hire stores can be popular.

Also, being close to the busi­ness dis­trict and water­ways and beaches also can be attract­ive to par­tic­u­lar ten­ants. Being close to parks, walk­ing and bike trails, schools and lib­rar­ies can also prove pop­u­lar. In areas that have pub­lic trans­port, being on or close to a route is also desirable.




Ten­ant Friendly Fea­tures — Inside

Inside a prop­erty, it is import­ant that fea­tures are designed to be com­pat­ible with a tenant’s life­style, as well as pro­tect the life of the prop­erty. Things like select­ing good qual­ity paint for interior walls and wood­work that is of a strong wash and wear qual­ity. Choos­ing car­pet that is not light in col­our, res­ists stains and is hard wear­ing. Con­sid­er­ing tiled floors for high traffic rooms like pas­sage­ways and living/dining and kit­chen areas, or a qual­ity lino.

Mak­ing your prop­erty ‘ten­ant friendly’ is all part of smart and suc­cess­ful prop­erty invest­ment.


Ten­ant Friendly Fea­tures — Outside

These days with peoples life­styles becom­ing busier, fea­tures on the out­side of a prop­erty need to be low maintenance.

Gar­dens selec­ted with hardy nat­ive plants that cope well in the local cli­mate, and lawned areas kept to a min­imum is smart. Hav­ing a fully auto­mated water­ing sys­tem with pop-up sprink­lers and drip­per sys­tems to plants are com­pat­ible with busy life­styles of today. Fur­ther, garden beds with plastic under­lay, topped with bark chips that dis­cour­age weed growth ensure an easy garden to man­age by most tenants.
Secur­ity Features

Secur­ity fea­tures are becom­ing neces­sary in today’s chan­ging world.

Con­sid­er­ing fea­tures like front secur­ity screen doors, dead locks, win­dow locks and in some cases win­dow secur­ity grills make a prop­erty more attract­ive to the right ten­ant. Installing move­ment sensor spot­lights to front drive and front door walk ways, and lock­able access gates again are good secur­ity fea­tures to be considered.
- See more at: http://realestatesevenhillsnews.com.au/2013/02/4-secrets-to-what-attracts-a-tenant-to-a-property/#sthash.DZeHfuEc.dpuf4 Secrets To What Attracts A Tenant To A Property

Prop­erty Invest­ment in Seven Hills and gen­eral is all about secur­ing a good ten­ant for as long a period of time as pos­sible. There­fore when con­sid­er­ing buy­ing an invest­ment prop­erty for this pur­pose, it is import­ant that you choose the right prop­erty and also con­sider adding fea­tures that will attract the right tenant.

chick-tenant property magnet

Prop­erty Position

Prop­er­ties in close prox­im­ity to facil­it­ies like schools, ter­tiary edu­ca­tion and close to shop­ping areas like super­mar­kets, take away and video hire stores can be popular.
Also, being close to the busi­ness dis­trict and water­ways and beaches also can be attract­ive to par­tic­u­lar ten­ants. Being close to parks, walk­ing and bike trails, schools and lib­rar­ies can also prove pop­u­lar. In areas that have pub­lic trans­port, being on or close to a route is also desirable.


Ten­ant Friendly Fea­tures — Inside

Inside a prop­erty, it is import­ant that fea­tures are designed to be com­pat­ible with a tenant’s life­style, as well as pro­tect the life of the prop­erty. Things like select­ing good qual­ity paint for interior walls and wood­work that is of a strong wash and wear qual­ity. Choos­ing car­pet that is not light in col­our, res­ists stains and is hard wear­ing. Con­sid­er­ing tiled floors for high traffic rooms like pas­sage­ways and living/dining and kit­chen areas, or a qual­ity lino.
Mak­ing your prop­erty ‘ten­ant friendly’ is all part of smart and suc­cess­ful prop­erty invest­ment.

Ten­ant Friendly Fea­tures — Outside

These days with peoples life­styles becom­ing busier, fea­tures on the out­side of a prop­erty need to be low maintenance.
Gar­dens selec­ted with hardy nat­ive plants that cope well in the local cli­mate, and lawned areas kept to a min­imum is smart. Hav­ing a fully auto­mated water­ing sys­tem with pop-up sprink­lers and drip­per sys­tems to plants are com­pat­ible with busy life­styles of today. Fur­ther, garden beds with plastic under­lay, topped with bark chips that dis­cour­age weed growth ensure an easy garden to man­age by most tenants.

Secur­ity Features

Secur­ity fea­tures are becom­ing neces­sary in today’s chan­ging world.
Con­sid­er­ing fea­tures like front secur­ity screen doors, dead locks, win­dow locks and in some cases win­dow secur­ity grills make a prop­erty more attract­ive to the right ten­ant. Installing move­ment sensor spot­lights to front drive and front door walk ways, and lock­able access gates again are good secur­ity fea­tures to be considered.
- See more at: http://realestatesevenhillsnews.com.au/2013/02/4-secrets-to-what-attracts-a-tenant-to-a-property/#sthash.DZeHfuEc.dpuf

Sunday, November 7, 2010

Real Estate Price Finder The best I've found....!


Hey guys who got To check this out. You can even be estimated price by adding on an extra bedroom. This is great for Property Investors That might do major renovations. Great for estimating profits And your return on investments.

About PriceFinder
PriceFinder is an online property search application offering a range of tools to assist in generating timely information for all residential, commercial and rural properties. PriceFinder was first launched in 2004 in Queensland quickly becoming a major force for property information and mapping solutions and is the preferred supplier for many real estate franchises, independent real estate organisations, major valuation firms and government departments. PriceFinder - too easy!

About Property Data Solutions
The Property Data Solutions group is Australian owned and encompasses everything in ‘property’, from individual property research for property professionals to custom property mapping applications for large corporate and government departments.

Property Data Solutions Pty Ltd is one of the fastest growing property information and mapping solution providers in Australia offering one of the widest ranges of property information on every one of the 10.2 million properties in the country.

www.pricefinder.com.au

Thursday, October 28, 2010

Gladstone set to take off..... Its going to be the Karratha of QLD

 The Darling Downs is set to experience a gas bonanza after the approval of two LNG projects worth more than $20 billion. Supplied

THE Federal Government ushered in a new era for the Darling Downs yesterday afternoon with the approval of two gas projects worth more than $20 billion.

Sustainability Minister Tony Burke approved the Queensland Gas and the Santos-led GLNG liquefied natural gas projects, which together are expected to employ more than 10,000 people and inject $6 billion a year into the Queensland economy.

Mr Burke also imposed harsh guidelines on the treatment and management of water and salt, both unwanted by-products of coal seam gas production.

They are expected to cost the companies upwards of $20 million to implement.

The guidelines have gone some way to quelling the concerns of groups representing environmental and farming interests.

Coal seam gas will be piped from about 8600 wells in the Surat Basin, the coal-rich energy province stretching across the Western and Darling Downs, to LNG plants at Gladstone.

Chinchilla-based property developer Warren Daniells said the ensuing “gas rush” was expected to trigger unprecedented investment in Western Downs towns such as Chinchilla, Miles and Dalby.

“We’ve been waiting for two or three years for such a major announcement,” Mr Daniells said.

“Now that it’s here, I think the strong undercurrent of investor interest is going to bubble to the surface in the form of real investment and action.”

Both companies are expected to make financial commitments before the end of the year.

Production could start as early as 2014.

Sunday, October 17, 2010

Rocket’s Private 10 Step Property Investing Action Plan

1. Set Goals
Know What you Want and WHY it is important to you.
Without knowing this, you may find yourself struggling to make
decisions and move forward. It’s great to want to be “financially free”,
but what would you do with that freedom? Make it real,
write your goals down, tell someone about them, get excited and
passionate and your success may happen a lot faster for you.

2. Make a Plan
Setting up a written plan for WHEN you want to achieve your goals will
put you ahead of the rest. By setting a time frame you increase the urgency
for taking action, instead of having it as a goal for “when I have time”. Making
a 5 or 7 year plan, with stepping stones of when you want to buy your
first or next property will increase your chances of actually achieving it.

3. Educate Yourself
By reading property magazines & attending seminars in the finance,
investment and property fields you will be learning the Basics about investing
and will stay up to date on the current and future market trends

4. Know Your Numbers
Understanding the numbers or having someone help you with this is of vital
importance in property investing. It’s not just about how much you can
borrow but also about cashflow (how much will the property cost me to
hold on a weekly basis) and how to understand rental yields and return on
investment in the long term.

5. Build Relationships
You will need a team around you to be a successful investor, such as a good
real estate agent to help you buy, a good property manager to get you a good
tenant, a good accountant to get you the most tax rebates, a good quantity
surveyor for depreciation reports, a good insurance broker and a good
mortgage broker to name a few.

6. Get Support
When you first start into investing you will need to have support from people
to show you the ropes, hold your hand the first time from purchase to
settlement. You will need to find someone to trust, so look for
someone qualified who is willing and able to guide you.

7. Professional Advice vs Well-meaning Friends
Listening to well meaning friends advising you to be “cautious” may be OK and
encourage you to do more “due diligence” of your own. But listening to
negative advice from those who are not investors may leave you in the
same place as them – unsuccessful and with no plan! Use advice from
professional property advisors & financial planners who have the necessary
licences and accreditation to give the advice.

8. Find a Mentor / Associate with the Successful
Who do you know who has successfully grown a property portfolio?
Are they willing to share their experience with you? If you mix with successful
people it does change your mindset and it does rub off!

9. Know your Risk Profile
By taking responsibility to learn about property investing you will do more
due diligence and be able to sleep at night! Sometimes your attitudes and
beliefs about money could be holding you back, and some personal
development courses or coaching in this area may help.

10. Make a Purchase Decision
When an opportunity comes along and you have enough information that
meets your financial situation and criteria – go ahead
and buy - don’t procrastinate!

The best time to buy a property is always yesterday!
As Ian Hosking-Richards, the CEO of Rocket Property Group, who has grown
a $13.5M portfolio in 9 years says;
“To be a successful property investor, you actually have to BUY a property!!”
The team at Rocket Property are all experienced and successful property
investors who can help YOU. By taking advantage of our free property
advisory services, our free financial healthchecks and our new
Property Investor Seminars you can be well on the way to being successful too.

Rocket Property Group
Address: Head Office
133 Alexander Street
Crows Nest NSW 2065
Phone 02 9965 7218
Fax 02 9437 4550
Mobile 0411 114 737
Email info@rocketpropertygroup.com.au

Wednesday, September 29, 2010

Do you know the Costs associated with property purchase...?

State and Federal Government costs

Purchase stamp duty
Property transfer stamp duty is a state government tax
payable by the buyer and is calculated on the price paid for
the property. Because it is a duty for transferring the title of
a property, it will be imposed whether or not the purchase
is financed with a mortgage. First home buyers may be
eligible for significant rebates on stamp duty.

• Property transfer fee
This is a state government charge to register the transfer of
title of the property from one person to another. Some
states and territories may charge a set fee, while others are
on a sliding scale.

• Mortgage stamp duty
In some states, stamp duty is payable on the mortgage,
calculated on the amount of the loan. This is a state government
tax and may vary depending on the state / territory.

• Mortgage registration fee
This is an administrative charge imposed by the Land Titles
Office (or equivalent) in each state / territory for entering
(registering) the lender’s mortgage on to the title record for
the property. The fee differs from state to state and ranges
from around $85 to $125 per registration. The borrower
pays this cost.

Loan Application costs

• Lender’s Mortgage Insurance (LMI)
Lender’s Mortgage Insurance (LMI) insures the lender
against any loss incurred if the borrower defaults and the
net proceeds of an enforced sale of the security property
are insufficient to clear the debt. Note that Lender’s
Mortgage Insurance covers the lender, not the borrower.
LMI may be added to your final home loan amount
(depending on the lender.) It should not be confused with
Mortgage Protection Insurance, which covers the mortgage
repayment for the borrower in the event of death, disability,
illness or involuntary unemployment etc.

• Loan application fee
To start the process of obtaining a loan, the borrower may
have to pay an application or loan establishment fee. The
cost can vary depending on loan type, lender, security and
loan splits. In most cases, the fee includes the cost of the
first valuation. The cost of additional valuations ranges from
$150 - $250. A few lenders may ask for an upfront
payment to cover costs.
Purchase costs

• Conveyancing / solicitors fees
This is the fee charged by the conveyancer or solicitor to
carry out the legal work involved in purchasing real estate.
Be sure to ask about the costs of searches, settlements
and disbursements.

• Pest / building inspections
Prudent home buyers will arrange for inspections of a
prospective property by qualified inspectors before
exchanging contracts. The inspections ensure that the
property is not affected by insect infestations and that it is
structurally sound and complies with building regulations.
The cost of inspections is payable by the property buyer.
Note that lenders may make satisfactory inspections a
condition of loan approval if doubts exist about the
condition of the property.

• Insurance
As a condition of loan settlement, lenders will impose a
condition that all security properties are covered under a
building insurance policy. The amount of the policy
coverage required will be the deemed full insurable value of
the dwelling, which protects the borrower (and the lender’s
interests) in the event that the dwelling is damaged by fire
or some other catastrophe. The insurance policy premium
cost is paid by the borrower and the lender’s full name will
be noted on the policy as mortgagee. Building insurance is
not required for strata-titled properties; in these instances,
the lender will require evidence that the body corporate has
taken a policy for the entire block. In Queensland,
insurance is required from 5.00pm on the day following the
signing of the contract.
Construction costs

• Construction loans
Construction loans normally represent more work for the
lender due to the way they are progressively funded during
the construction period. Some lenders will simply add an
additional construction loan fee, while others will charge a
progress payment fee each time the builder asks for a
payment. On top of this, you may also be charged an
inspection fee for a valuer to inspect the property to ensure
the building is in the state the builder is claiming. A normal
construction would have four to five progress payments
and two inspections.

• Site costs and service connection costs
Check your building contract carefully and, if possible,
make sure it includes fixed site costs and connection of
services. Many people assume site costs are included in
the contract, but this is not always the case. Unexpected
events, such as hitting rock or the need to build retaining
walls, can add thousands to the site costs.

The same applies to the connection of services such as
power, water, and phones. Many providers only allow for
5-10 metres for connection from the street to the house
and will charge extra for distances which exceeds this. The
standard service connection may be fine for a standard
residential block but can be an unexpected cost for a large
rural block.