What Makes an Ideal Location?

Looking for the right location can be aided by considering the following six attributes.

Proximity: How close is the property to places important to you? This might be schools if you have a family, hospitals if you are older or have a medical condition, major shopping centers, workplaces, parks, water or the like.

Distance: On the other hand, there are places you might wish to be well away from. This might include factories and industrial centres, highways, airports, rail lines, flight paths, rubbish dumps, clubs and pubs, major overhead powerlines and microwave towers.

Services: There are services that can make your life easier that you may wish to be near or have ready access to such as public transport including buses, trains and even ferries. A local train station within walking distance is quite valued by many.

Amenities: These are things that make the property more pleasant to live in. They might include beautiful tree-lined streets, wide boulevards, heritage homes or uniquely designed homes, a cul-de-sac, or fresh and sweet smelling air. If you are so inclined, you may want lots of cafes and restaurants within easy reach, nightclubs and friendly pubs.

Demand: The area is attractive to investors and owner occupants. There is a strong demand to move in.

Potential: The property has potential to be tenanted, renovated or to simply grow in value over time. Maybe a family room can be added, the house can be extended either outwards or upwards, or the dwelling can be divided into two flats.

If you have a question about real estate, or would like assistance in locating or selling a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.

Upsizing and Downsizing

The most common reasons for moving your family home are upgrading and downgrading.
The first is when you are considering purchasing
a larger and more expensive property because you’re planning to expand your family. If this is your situation, then you’ll naturally want to be close to schools, shops and parks.

For those choosing to upgrade, the longer you delay doing so the harder it will be to keep the purchase price within your budget. This is because the market climbs over time, so it will get progressively more difficult to find the property of choice and the best locality.

By moving sooner as opposed to later, you can achieve a better buy-in price and get the benefit of capital growth.

Then there is the opposite situation where you are looking to downsize. In this scenario your children may have moved to start their own families and you then want to go to a smaller and less expensive situation.

Now the consideration changes. Here it’s to your advantage to delay buying until the market is in a strong growth phase.

By doing so, you can maximise the capital growth on your current property when you go to sell and minimise the mortgage—if there is one—on your next home or even maximise any left-over funds for your use in retirement.

If you have a question about real estate, or would like assistance in locating or selling a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.

More Auction Bidding Tips

It’s a good idea to arrive early at auctions. By arriving early you have time to review the contract of sale to assure there haven’t been any late changes. You can also position yourself to get a good view of the other bidders. Plus, you can gain more visibility to the auctioneer. You will want to be both seen and heard.

If you lack self-confidence or tend to get over emotional, you might consider getting someone else to take your place as a bidder, for you may not be the best person to do your own bidding.

Whoever ends up doing your bidding should not bet be afraid to bid. There are many ways to go about bidding, but whatever method you choose, make sure it’s one you feel is the most comfortable for you. For example, one strategy is to bid early and big to scare off other bidders. Kind of like making a high bid in a poker game hoping that your rivals may fold. Another strategy is to do the opposite and bid at the last minute in order to have time to assess the tempo and depth of the bidding.

Whatever way you choose, be sure to do so with confidence and without emotion. Displays of emotion reveal your true intentions which may prove detrimental. Try not to let the display of other peoples’ actions and emotions distract you as well.

If you have a question about real estate, or would like assistance in locating a property, feel free to phone me, Noel Thompson Principal Professionals Logan Lifestyles at either Browns Plains 3800 4000, Marsden 3200 4495, Springwood 3808 5544 or Waterford 3299 7733.