Now that 2015 has begun it’s time to start ticking off all of those New Year goals.
A lot of people in the Mudgee region will probably have property goals they want to accomplish by the end of this year and if this is the case then it’s best to get started on your goals early in the year.
Property goal #1 – Buying a first home
A common property goal is to buy a new home. If you’re looking to buy your first home then the most important first step for you is to start saving.
Sit down and take an honest look at your spending and find things to cut back on – could you spend less on food or shop at cheaper places? Cutting out a few luxuries might help you reach your financial goals sooner.
If you think you already have enough saved for your first home loan then have a chat to a bank or a mortgage broker and get pre-approval so you’re ready to buy a home when you find the right one.
Property goal #2 – Buying an investment property
If you’re looking to buy an investment property then it’s worth getting a property valuation done to assess how much equity you hold. Equity is the amount of money in your home that you actually own. You should be able to use your equity towards buying another property.
Property goal #3 – Selling up and moving
A New Year often means a fresh new start and a new place to call home. If you’re looking to sell your current abode then it’s best to go and have a chat to your local real estate agent who can give you property advice and help walk you through the selling process.
Even if you’re not ready to sell right away, it’s always a good idea to arm yourself with knowledge about the local real estate market and find out how much your home is worth so that you can get an idea of how much you will have to put towards another property.
The team at Professionals Mudgee Real Estate hope that everyone’s property goals and dreams get fulfilled this year, and remember if you need any property help or advice then don’t hesitate to get in touch with one of our friendly team on 02 6372 2584. You can also drop into our office at 79 Church Street in Mudgee.