Real Estate

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  • Preparing to Own a Home

    Whether planning to purchase or build that first home, there is quite a bit of preparation work to complete. Owning a home is much different than renting one. Renters pay a specific amount of money that covers most housing expenses. Food and internet are nominal extra bills, but there are many items renters do not cover.

    Finances

    The largest part of preparation when people decide to own homes is in the area of finances. Owning a home means paying a mortgage, all the utility bills, insurance premiums on the house, and taxes. That may add up to a lot more than the cost of rent. A budget is needed to determine if the income will support the expenses of ownership.

    A lender will not approve a home loan if applicants have a high income to debt ratio. That not only includes household expenses but also any car payments, credit card debt, …

  • Getting Started as a Property Investor in Australia

    Millions of Australians have become property investors, and many more are thinking of making the move. Investing in property can produce returns that would be difficult to achieve by any other means while enabling benefits of other types in the process.

    Fortunately, learning about property investments is within the reach of just about anyone who has an interest in the subject. Mastering a few basic concepts is all that it takes to get started.

    A Simple Way of Setting Forth as a First-Time Property Investor

    One of the most fundamental of these is the process by which most property investors begin exploring the field. Working through a few simple steps will make success a lot more likely.

    • Budgeting. It will always be prudent to start off by assessing just whether a particular person’s finances will support investing in property in the first place. Someone already saddled with so much debt that