Interest rates are at record lows and homes are at their most affordable level in years.
Perth, Western Australia (PRWEB) May 15, 2013
The Australian housing market was full of uncertainty just a few years ago. Property values were sinking as the global recession took full effect.
Financial woes began to spread like wildfire across the globe as news of mass layoffs proliferated. Companies were significantly downsizing their workforce while others were forced to declare bankruptcy.
But the worst now appears to be over.
The global economy is beginning to see a drastic upwards shift. Housing prices are steadily increasing, more jobs are being added than before and consumer confidence is growing.
Interest rates are at record lows and homes are at their most affordable level in years. According to new reports from the RP Data-Rismark, property values across eight capital cities grew an average of 2.3 percent for the first four months of this year.
And this is great news for first time home buyers.
It means numerous opportunities in the housing market. But even after closing a deal on a new home, first time home buyers still face other challenges. One of which is moving. But with a little preparation this transition can be a little less stressful and frustrating.
Obtain a home inspection
Home inspections can reveal serious problems which a seller may have neglected to disclose. Even if the home appears to be flawless, getting a thorough home inspection done is invaluable to assess its overall condition.
Problems that are identified need to be addressed immediately as home repairs can be costly depending on the extent of the damage.
Begin planning now
From packing all belongings to securing moving services, preparations are key for a successful move. And the best time to start is now. Waiting until the last minute to plan everything is a recipe for a disaster which could have easily been avoided.
Consider keeping a checklist of all the necessary items to help keep track of everything.
Homeownership is often met with unexpected expenses. Putting aside funds is a smart idea to prepare for such emergencies when they arise. This can be as simple as having to replace air conditioning units or more intensive such as having to make repairs to the ceiling.
Start steadily building an emergency fund by contributing to it each month.
Keep the home regularly maintained
Homes do not maintain themselves. A significant amount of money is already being invested in the home so neglecting it would be a complete waste. Homes need to be properly maintained otherwise small issues will eventually begin to worsen and become even more problematic in the future.
This is also another reason to support the importance of building an emergency fund.
Ignore the property market
Constantly monitoring the housing market is fruitless and stressful. Even with projected outlooks from financial experts there will always be fluctuations. The most important factor is the home value at the time it is being sold.
Moving to a new home is exciting but early planning is crucial. Houses and Land for sale in Perth are some of the best deals in Australia and host some of the most gorgeous locations to live; therefore we recommend you at least consider this area in your early planning.
About Aveling Homes
Aveling Homes is an award winning home builder based in Perth dedicated to providing exceptional service. Find out more about our display homes and our house and land packages by contacting one of our representatives today.
Visit the Aveling Homes website at http://avelinghomes.com.au for more details about our services and available financing options for first time home buyers.
Aveling Homes Contact Information
24/7 Metro Sales: (08) 6144 1000
24/7 Sth West Sales: 6144 1001
South West: southwest(at)avelinghomes(dot)com(dot)au