Posts Tagged Whangarei Open homes

Five Great Things about Homeownership

Five Great Things about Homeownership

If you’ve been on the fence about homeownership, now is the time to take a leap! Don’t let the negative press deter you from one of life’s greatest joys.

Take a look at five short and sweet reasons that homeownership is great!

1. Equity: When you pay rent, you never see that money again. It is lining the landlord’s pocket. Yes, buying a home may come with some hefty initial costs (deposit, legal costs, inspections), but you will make that money back over time in equity built in the home. Historically, homes appreciate by about 4 to 6 percent a year. Some areas are still experiencing normal appreciation rates. For the areas that have seen harder times since the recession, experts feel that the housing market will recover. Homeownership is about building long-term wealth. A home bought for $10,000 in 1960 is most likely worth 30 times Maybe more) that in today’s market.

2. Relationships: Renters tend to see their neighbours come and go quickly. Some people sign year leases while others are in the community for much shorter terms. Apartment complexes also tend to have less common shared space for people to meet, greet, and socialize. Homeowners, however, have yards, walking trails, or community pools or parks where they can get to know each other. Neighbours stay put much longer (at least three to five years if they hope to recoup their costs). This means more time to develop relationships. Research has shown that people with healthy relationships have more happiness and less stress.

3. Predictability: Well, as long as you have a fixed-rate term on your mortgage it’s predictable. Most people buying homes today know that a fixed-rate is the way to go. This means your payment amount is fixed for the life of the term. If your mortgage payment is $500 today, then it will still be $500 a month in 2 years. This allows for people to budget and make solid financial plans. The sub-prime crisis meant many homeowners with adjustable rate mortgages saw their monthly payments rise and then rise some more. Homeownership, though, generally comes with a predictable table of expenditures. Even the big purchases are predictable. You know most roofs last just 25 years (or so). You know that each year you’ll need to pay for the gutters to be cleaned, and so on.

4. Ownership: Okay, this is a given. Homeownership means you “own” your home. That comes with some incredible perks, though! You can renovate, update, paint, and decorate to your heart’s desire. You can plant trees, install a pool, expand the patio, or do holiday decorating. The bottom line is this is your home and you can personalize it to your taste. Most renters are stuck with the same beige walls and beige carpet that has been standard decor for 20 years. Now is your chance to let your home speak!

5. Great Deals: It’s a great time to buy. Interest rates are at historic lows. We’re talking 5.75% percent instead of 8.0% or higher. This means big savings for today’s buyers. Home prices have also taken a dip since the recession, which means homes are more affordable than ever. If you have steady income and cash for a deposit, then be sure to talk to DavidSeymour @ LJ Hooker Whangarei about what homes in your area could be fit for you.

Homeownership can be a real joy. It’s time to get off the fence and into a home that is right for you!

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Pompallier Estate Drive Maunu

Hey if you have missed other quality homes in this area then here is your chance to move into the street that is so popular.

This 4 bedroom home is only a year old and is stacked with features.

17 Pompallier Estate Drive Maunu

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Want the perfect location – In Kamo

If you want to be close to the centre of Kamo Whangarei then check out this property for sale in Carlton Cres.

7 Carlton Cres Kamo

A Classic 1970’s home with a fantastic covered deck to enjoy entertaining on in nearly any weather.

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Open Homes

Open homes. The professional real estate community appears split on whether it’s a good idea to hold open a house for sale; although, I don’t really understand the negative thoughts. It doesn’t make sense to blatantly announce that no house should ever be held open, yet agents say it. Why would an agent want to restrict market exposure for a listing?Common sense says it’s smart to expose your home to the largest number of buyers, and getting buyers inside to preview a home is a huge hurdle to jump. It’s like keeping the house for sale a secret and saying, “Sshh, let’s not tell anybody about this house or invite them over to see it because it just might sell!”

A side benefit for an agent to hold open a listing is the real estate agent might receive buyer leads just from being in the right place at the right time. Yet some agents have actually said, “Well, that open house sold my listing, so I better not do that again!” The successful real estate agents I know report that at least 20% of their sales, or one in five homes, sell through an open home.

In most cases I encourage owners to allow open homes, at once a week sometimes more if we think it may be worth it – Depending on location, kind of property and demand for such property – Most all as stated don’t hide it from the buyers!

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