Is it time to Upgrade or Re-locate your Home?

This may be the perfect opportunity to “Health Check” your home loan

Families are getting bigger in QLD, following closely in 3rd place nationally according to Australian Bureau of Statistics. With Incomes also on a healthy and consistent rise, people are looking to upgrade their homes.

Wether that be for more room, a better location, or schooling options, there are a few things you should weigh up before making a life changing decision…

  • When starting your search, be clear on what are you trying to achieve in your upgrade? A better quality of home, more space, nicer suburb, great location to facilities or all of the above?

 

  • Make sure you get “value for money”, research the suburb/s you are looking into for predictions, recent sale prices, and homeowner stats. Try to remember when you are looking at these beautiful, exciting homes to buy with your head, not your heart.

 

  • How much should I borrow? This also comes down to how much you can comfortably repay on your new home loan.

 

  • The costs involved with selling and buying. There are many fees and charges that can be applicable for example:  Stamp Duty, Realtor fees, Lenders Mortgage Insurance (LMI), establishment fees…. The list can go on and on.

 

To help answer a lot of questions, come and chat with Home Loan Expert Deslie Taylor of Mortgage Choice – Ormeau.

 

07 5549 0800 | deslie.taylor@mortgagechoice.com.au | 0418 715 286

Posted in: Upgraders / movers

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