Tagged With home buyers

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Purchasing property is a financially complex endeavor that can cause the naive and unsavvy to waste thousands of dollars unnecessarily. Here are 15 simple steps that will help to point first-time home buyers in the right direction. (Naturally, the first step is to save like crazy.)

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Followit is a new app for Android and iOS that pitches itself as the Instagram of real estate. Instead of following friends and celebrities, you follow houses in specific streets and suburbs where you want to live. Here's how it works.

Predicting the future is near impossible -- but that doesn‘t stop us all from having a red hot go. Human beings have been predicting the future since the beginning of history and the results range from the hilarious to the downright uncanny.

One thing all future predictions have in common: they‘re rooted in our current understanding of how the world works. It‘s difficult to escape that mindset. We have no idea how technology will evolve, so our ideas are connected to the technology of today.

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A lot of people will tell you that renting your home or apartment is throwing your money away, but that's not always the case. Just because you're not ready to buy a home doesn't mean you can't get some great perks as a renter.

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Buying a house is scary, complex and insanely expensive. But that doesn't make it impossible -- despite what real estate doomsayers claim. This info-guide from Hones Lawyers breaks down the key steps that every potential home buying needs to be aware of.

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Dear Lifehacker, I own my own property in Australia. I was wondering how much space directly above and below my land legally belongs to me? For example, do I own the land all the way down to the centre of the Earth, or does it become government/public property after a few feet? Likewise, does the airspace above my house technically belong to me? If so, how far up?

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Lenders Mortgage Insurance (LMI) is a one-off fee payable when borrowing more than 80 per cent of a property's value. It's yet another expense that can make life difficult for cash-strapped home buyers; even for a modestly priced property. This "hustler's guide" from Home Loan Experts outlines the various ways you can reduce -- or completely avoid -- your LMI fee.

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Buying a house involves more than slapping down a deposit and moving in. There are all manner of hidden costs and financial complexities that ramp up the total price significantly. Once you factor in stamp duty, conveyance fees, mortgage insurance and miscellaneous bank fees, you can expect to pay tens of thousands of dollars more than the advertised price tag -- and that's before you take interest, council rates and general upkeep into account. Here are some tips that will help to keep the total cost down to a less terrifying level.