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Have you been considering a way to improve your home, get more money in your wallet, and have something to show off to your judgmental neighbors? You might want to think about investing in solar panels for your house. #renovation#investment #solar #Energybill #energy
Below are just four advantages of having solar panels installed in your home.
1. Reduced Electricity Bill
Installing solar power in your home gives you the freedom to look forward to receiving your next electricity bill, as you know it’s going to look much better than before the solar panels existed. Solar power cuts down your electricity usage significantly. If you’re on a budget, start with one and see what difference it makes.
2. Government Pay Back
State governments offer rebates and other financial incentives to those who install solar panels. Just make sure you do a quick search of local legislation as these pay backs change often.
3. Increase the Value of Your Home
Additions like solar panels can really increase your home’s value. You may not be planning to sell anytime soon, but just listing solar panels as a feature can boost your home as an asset, making it even more valuable in the immediate and longer term.
4. Love Your Environment
One significant advantage to the installation of solar panels in your home is the environmental benefit they bring.
Contact Madhu on 0425 341 086 for more saving tips and smart investments
1) Inflation: Though we are in the lowest inflation rate in the last 17 years, Australia’s unemployment rate is at a stable level and the economy is ticking along well, even though both company profits and wages are down. #Inflation #HomeOwners #HomeBuyer
2) Buyers Mix: APRA's cap on annual investor credit growth at 10% has worked well to a point as rental returns have dropped. However, the property market, remains buoyant even after several years of high price growth in cities like Sydney and Melbourne. Total housing credit has been up this year (at least for owner-occupiers) and this usually means there are plenty of property buyers out and about and wanting to borrow money. #HomeLoan #Mortgage #Sydney #Melbourne #FirstHomeBuyer#FHOG #FirstHome
3) Supply – Demand: Affordable and desirable suburbs and accommodation type are always limited causing a high demand- low supply situation. One reason high demand for property is the relatively cheap cost of home loans in recent years. #InterestRate #CheapLoan
4) Affordability – Wages- Rates: RBA’s concerns about low inflation, boosted by rate cuts are part of a broader view to ward off inflationary pressure. The housing market boom is a by-product of this.#RealEstate #PropertyMarket
5) Historical and Projected Capital Growth: Over the past 20 years, general property inflation has been low and stable, consistent with the inflation target. However the property price growth in the recent times, that it has outstripped the rate of inflation in other parts of the economy, including inflation in the cost of new dwellings.
To make the most of the current property boom and for the best interest rates for you, contact Madhu on 0425 341 086 or like us on Facebook for regular updates.
The WA Government has announced that the First Home Owners Grant (FHOG) has be increased from $10,000 to $15,000 for 12 months starting January 1, 2017.
First home owners buying or building a new home and contracts signed between January 1 2017 and December 31 2017 may be eligible. The $5,000 increase to WA's first home owners grant for buyers purchasing new properties has been met with ambivalence by potential buyers and concern from the property sector and sustainability experts.
"We estimate [the increase] will allow perhaps another 650 people to enter into the first home owners market, obviously good for the industry and good for jobs," WA Premier Colin Barnett said.
If clients enter into a contract to build a home, construction must start within 26 weeks from signing the building contract, and the home must be completed within 18 months after construction commences. If they purchase a new home ‘off-the-plan’, including apartments, construction must be completed by June 30, 2019.
Property valuation.
"A valuer assesses the value of land, buildings, improvements and other factors that influence the current or past value of your property, a process that usually involves an external and internal inspection of the property. Valuers are independent with no vested interest in the properties they value."
There are risk ratings that a valuer must assess and classify from low to high risk (rating 1-5).
The risk ratings are based on the following 8 factors:
What goes into a valuation report
The valuer will visit the property, measure it and note details on the building structure and its condition.
The following features are noted
The purpose of a valuation report
A valuation report is a professional and legal assessment of the value of your property prepared for many different purposes:
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