Posted in Family, Information

What were your New Year’s Resolutions?

 

woman holding sparkler

So what resolutions have you made for 2016?

For most of us, our resolutions focus on improving the quality of life for ourselves and those we care about – our family and friends.

While many people begin to consider their resolutions as New Years Eve approaches, let’s be honest here, most of the resolutions we make over this period are usually forgotten and lost in the hustle and bustle of the season’s festivities.  In fact – I bet you have forgotten one or two already!

I actually find that January is a wonderful time for myself personally, to take stock of where I am at and what I want to build towards for that year.

So ask yourself, what are your personal goals?  What do you want to achieve professionally?  How do you want to show your love to those closest to you?

Aren’t these all questions worth asking and worth spending some time thinking about?  Now is a great time to do so.

It’s also a great chance to take stock of your living situation.  Are you happy where you are living?  Does your current home and location meet your needs?  Do you want to expand your property portfolio? Or are you about to put your property on the market?

If buying for the first time, talk to your financial adviser or bank to get advice on what type of loan is going to suit your situation best.  There is no ‘one size fits all’ here!  If you are not on the property market already, perhaps 2016 will be the year to get started.  Remember your first home does not have to be your dream home – some advice from a clever real estate agent can help you make a smart and manageable investment that might help you buy that perfect property in the years to come.

This advice also applies for those of us lucky enough to be building a property portfolio – while the rates are low you may want to consider an investment property in a growth area with plenty of demand for rentals.  Speak to your accountant or financial planner for their opinion on what the best areas are to be buying investment properties in 2016.  Establish and build a relationship with a good agent in your chosen area – their local area knowledge will become invaluable to you when it comes down to making the big decision to actually putting in an offer on a property or making the decision to sell.

If you have questions as to whether or not your current home meets your needs, you have two options:  Renovate or sell.

Renovating can be a great option if you just want an extra bedroom for a growing family, or if you love the location and layout of your property, but just want to modernise a few details.  A good renovation can also add value to a property, increasing its saleability in the future.

But a renovation can’t solve every problem with a home.  It can’t change the location for instance, making it closer to the hustle and bustle of the city or making it easier to be near loved ones who live too far away.  A location that is no longer convenient for you might be just what another family or single buyer is looking for.

Perhaps you don’t have room to expand?  Or even the opposite… a smaller and more manageable property may be what you are looking for.

It all starts with informing yourself.  All good change is informed change.  Give me a call if you would like to discuss a valuation on your current property or options for buying and selling in 2016.

Start the year with a great resolution to improve your lifestyle!

Author:

Karen Chernishov shares her knowledge on property, style and renovation, helping you sell, buy, manage or invest in real estate across Melbourne's South East, Victoria, Australia. Telephone 0408 991 855

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