If you're a millennial and having trouble saving up for a home, Australian millionaire Tim Gurner has some simple advice for you: Stop eating so much avocado toast. You'll never be able to save for a home that way.
Tagged With real estate
After saving up for a long time, I recently bought a home, which caught some of my friends off guard. "I thought you were anti-homeownership," they said, because I think renting is underrated. Even as a homeowner, I still think renting is underrated. That doesn't mean buying is a bad decision. The rent vs buy debate is just silly overall. It ignores the enormous grey area that exists between the two options.
Your home is probably the most expensive thing you'll ever own, and that expense goes beyond the closing price. There's the cost of the house, but then there are other ongoing and upfront expenses that can catch you off guard. Especially if you're a first time buyer, it helps to know what you're getting into.
When you're selling your home, simple upgrades can mean thousands of dollars when you close, and no one can tell you which upgrades will make the most return on your investment more than a real estate agent who works in your area. Ask them what they have seen, and what's in high demand in your neighbourhood.
Housing affordability, high house prices and rents are attracting plenty of media attention right now. The latest figures on house prices, mortgages, number of first time buyers and so on are dissected by journalists and commentators as if this is an issue of recent origin. In fact what we have here is a long-term structural problem that has been neglected for decades.
There's no doubt that selling any property is a complex and time consuming process, but it becomes even more challenging when you're selling an investment property with tenants living in it. While investment properties provide large long-term returns and a regular income, they tend to be trickier to sell than a property you're actually living in. Consider the three factors below before putting your investment property on the market, to combat some of the uncertainty and stress involved in the process.
Hi Lifehacker, I have recently moved and my previous landlord has sent me a water bill. The real estate agent told me when signing my lease -- and it is written in the lease -- that I would not be charged for water until the owner fitted water-saving devices, which he never did. Do I still have to pay?