HOME | FOR SALE | FOR YOU | ABOUT US | CONTACT US

Free Appraisal Weekly Property Update

Your residential property sales specialists

“You will not find two more hard working and professional real estate agents than Shelley & Mark”

Making the decision to sell your home or investment property is one of life’s major milestones. Whether you are selling to upgrade, relocate to another area, cash up or downsize, it can be an exciting journey or a complex and overwhelming one without the right support and guidance.

At SHELMARK we work hard to ensure the property sale journey is as easy and stress-free for you as possible. We call it the SHELMARK Difference.

Contact us for an accurate, obligation free property appraisal today or to learn more about how we work differently to help you.

BLOG

5 Deposit Hacks for First Homebuyers

by ShelMarkblog In Uncategorized

27 September 2019

Whether it’s you or your ‘kidults’ (adult kids) trying to enter the property market for the first time, saving up the deposit can seem like an insurmountable challenge. It’s like climbing a mountain. If you haven’t done your preparation and planning in advance, reaching the summit will be a long shot.

The key is to do your research and understand what it will take (including the sacrifices that have to be made and the planning required) to get there. Ultimately it comes down to being clever about both your saving and your spending.

Here are 5 home deposit hacks that will help you (or your kidults) achieve that goal.

  1. Join the 5% club

95% of people spend first and save later. That leaves just 5% who do the reverse. That’s where you need to be if you are saving for a deposit. Start by creating a budget, accounting for every dollar you spend. And that means everything. The seemingly insignificant $4.50 a day you spend on a coffee is equal to $1,080 a year based on a 48 week, 5 day a week working year.  If we’re talking about a couple, that figure would double. Then imagine if you’re spending $12 a day on lunch. No doubt you get the drift.  Aim to save around 10% of your wage with the end goal being to save enough to equal 20% of the value of the type of home you wish to purchase.

  1. Change your priorities

Making sacrifices is necessary when aiming for any major goal and saving a deposit for a home is no exception. Take a packed lunch to work rather than buying it (this will save you around $3000 a year), restrict ordering takeaway or don’t take out at all, even if it means having baked beans on toast occasionally. It’s about changing your priorities to focus on the long-term goal.

  1. Act like you have a mortgage now

Living the mortgage life before you have one will help you acclimatise so it doesn’t come as a shock when you do have a mortgage. It will also help you succeed in getting a loan approved because you will be able to demonstrate a regular savings pattern in line with mortgage repayments. Work out how much you will be paying on a mortgage based on how much your first home is likely to cost less the deposit you will have saved. Another bonus of putting away fictitious mortgage repayments each month will be that it will significantly boost your savings towards the deposit.

  1. Commit!

We are currently experiencing record low interest rates and suggestions are they will fall even lower. If you can find a way to save the deposit and get approval in principle on a home loan, commit to making that purchase while median house prices are still low in Perth. If you can’t afford to buy the home you want to live in consider an investment property and have the tenant help build your equity while you are still living at home or flatting with friends to keep your living costs down.

  1. Take advantage of incentives

There are a number of incentives on offer for first homebuyers from the government and even from some lending institutions. For instance, in WA the First Home Buyers Grant is available for eligible first homebuyers who are purchasing a new residential home or building a home on vacant land. For the purchase of established homes you may be entitled to zero or reduced transfer duty. There are also other incentives that may apply to you. Click here to learn more and for a list of FAQs about first homebuyer assistance in WA.

 


Comments (0)


The pros of inner city apartment living

by ShelMarkblog In Uncategorized

20 September 2019

Whether you’re buying your first home, next home or downsizing from the family home, buying an apartment close to the city can bring many benefits, from better health and a more fulfilling lifestyle to saving money and living more sustainably. In fact there are many benefits to an inner-city lifestyle often overlooked.

With the population growing, the Great Australian Dream of the traditional house on a quarter acre block is changing. For starters, with the population of Australia expected to climb 60% to 37.6 million by 2050, smart, responsible urban planning is the future.

Studies have shown that inner city apartment dwellers tend to be healthier, happier, and more active and socially engaged than people living in the suburbs.

Here are 5 reasons why.

  1. AFFORDABILITY – Buying an apartment in a great lifestyle location is usually more affordable than buying a house in the same location. There is also the strong potential to save money living close to the city because so much is accessible by foot, bike or public transport, saving the cost of petrol and upkeep on the car (some decide to ditch the car when they live near the city). This leads to a more sustainable way of life, which is kinder to the planet and the hip pocket.
  2. WALKABLE NEIGHBOURHOOD – Urban living means living within walking distance from entertainment and recreational precincts, schools, work and public transport. All this walking makes urban dwellers more active, which in turn leads to numerous health and well-being benefits. Most urban residential areas these days are also built within close proximity to green open spaces.
  3. LIFESTYLE – There’s always a buzz around urban areas that you don’t typically find in the suburbs. And no matter what you enjoy doing, there’s something close to home to suit all tastes, from dining out and bar hopping to shopping, the theatre, live bands and museums/art galleries. Furthermore, because people work much closer to home, they spend more time at home with their loved ones, leading to greater happiness.
  4. LESS TO MAINTAIN – With a smaller home and only a terrace/balcony garden to look after, urban apartment dwellers spend less time looking after their homes and more time doing what they enjoy.
  5. ACCESS TO ONSITE FACILITIES – Many apartment complexes today include excellent onsite facilities for use by residents and their guests. Facilities may include a pool, gym, sauna, BBQ area and residents lounge area. So not only is there the potential to save a fortune in gym membership fees, but there is also greater incentive to work out when the facilities are right there on your doorstep.

 


Comments (0)


Renovating your kitchen? Consider these 6 tips first.

by ShelMarkblog In Uncategorized

13 September 2019

Most people consider the kitchen to be the heart of the home. It’s where family and friends gather to chat, cook, eat and simply enjoy each other’s company. So is it any wonder that it is one of the first rooms people choose to update in the home?

If you are thinking about renovating your kitchen, don’t start until you have read the following 6 essential kitchen renovation tips.

1. Create a kitchen that suits how you use it

This point is most important if the purpose of the renovation is for the benefit of you and your family rather than specifically to sell your home. Ask yourself how you like to use the kitchen. Do you love to cook and entertain groups of family and friends? If so, ensure you design a kitchen that complements this. Plan lots of bench space and good quality cooking appliances large enough to cater to the numbers you like to cook for. On the other hand, if cooking is not your passion and you’re less likely to regularly whip up a feast for a crowd, you should consider a kitchen design with more emphasis on appliance storage rather than large ovens and cooktops.

2. Good function and flow

There’s no point having a beautiful looking kitchen if it lacks functionality and flow. When designing your kitchen, ensure your most used elements, such as the fridge, sink, oven and cooktop, are positioned so that you can easily transition between them. For instance, avoid placing the fridge cavity opposite the sink, as they are commonly the two most high traffic areas in the room. Put a high priority on bench space too as insufficient bench space will create challenges when preparing meals. If you are including an island bench in your design ensure you allow sufficient space to move all the way around it and flow from fridge to bench to cooktop to sink.

3. Storage solutions

Even in the smallest space, ample storage is a must in a kitchen. There are clever ways to ensure no space is wasted with the inclusion of customised drawers, cabinets, shelves and even hooks inside the pantry for very compact spaces. Designing to minimise clutter will ensure you end up with a clean, modern, functional kitchen.

4. Ensure you have enough power points

Carefully consider how many power points you will need in the kitchen before it is designed. This will save frustration later when you realise you don’t have enough for all your appliances, not to mention the cost of having to bring the electrician back to fix it.

5. Create sufficient bench space for your favourite and most used appliances 

Many of today’s kitchen appliances are made to be on show as much as they are to be functional. So rather than hiding all your beautiful appliances away, think about where you would like to place them on the bench (close to a power source).

6. Select your major appliances first

Most people who renovate a kitchen want to upgrade their major appliances like the cooktop, oven, dishwasher, fridge and rangehood as well. By selecting your appliances first it will be easier to find cabinets and countertops that fit them rather than the other way around.

Renovating the kitchen of an investment property you intend to flip? 

If you are a property flipper (someone who buys property and renovates it to sell based on a strategic budget) the one thing you shouldn’t scrimp on in the kitchen (and bathrooms), according to house flipping experts, is the aesthetics – things like quality tiles and splashbacks, stone benchtops and quality appliances – because these are things today’s buyers notice and will pay more for.


Comments (0)


What do Perth homebuyers want most in a home?

by ShelMarkblog In Uncategorized

06 September 2019

They say there is a buyer for every property but the catch is that it often comes down to price.

If you are thinking about selling and want to know what features would add the most market value to your property you have to think like a buyer. And not just any buyer, but buyers looking for property in your area.

There are a number of features that are typically regarded as being highly desirable by today’s homebuyers in Perth. And because these features are what most buyers want, they will be more inclined to pay more for a home that has them.

While some of these features (like the number of bedrooms and bathrooms) are hard to change without an expensive renovation, others can be adapted to suit or highlighted in the marketing. This list is also good to know if you’re in the market to buy, as homes with these desirable features will tend to hold their value or achieve better capital growth than those that don’t.

Features more buyers in Perth want that add the most market value are (in order of priority):

  1. A 4-bed house or 3-bed apartment

Did you know that the number of bedrooms in the typical Perth home has doubled from 2 to 4 in the last 50 years? This is despite the fact that the size of the average household has reduced. Nonetheless the desire for larger homes remains high because extra bedrooms offer flexibility and savvy buyers are aware of the future re-sale advantage it gives them.

  1. A second bathroom or ensuite

This one really needs no further explanation. Who doesn’t value a two plus bathroom home (unless you’re the one cleaning them)?

  1. Plenty of storage

Our households might be shrinking but we are still managing to accumulate just as much stuff that needs to be stored. Often underrated and under-promoted, storage is a feature you should include in your sales marketing if it is an asset in your home.

  1. Home theatre

In today’s digital world it seems the games/rumpus room of yesterday is today’s home theatre. This is increasingly become a central feature of the home and is highly desired by today’s buyers in Perth. If you have a games room/multipurpose room, you could consider adding some carpet and good light blocking drapes, hanging a flat screen TV on the wall and promoting it as a home theatre to add instant market appeal.

  1. Off-street parking

The perceived value of a lock-up garage varies depending on location. Overall though, parking doesn’t rate as highly as internal living areas.

  1. An alfresco area

Our temperate climate in Perth lends itself to outdoor entertaining. So it’s probably no surprise to you that outdoor entertainment areas, especially those that expand the main living area of the home with good indoor/outdoor flow and connectivity, are on the list and will add market value to your home.

Because every home and every suburb is different, it’s always best to speak to local experienced agents like us who know what buyers in the area will pay more for BEFORE making any changes. Call Shelley on 0411 552 309 or Mark on 0417 963 670 for an obligation free, accurate market appraisal and property consultation.

 


Comments (0)

      
For Sale | About Us | For You | Contact Us | Home | Login
Disclaimer | Privacy Policy | Design Key2Creative | Member of REIWA