: THE PROPERTY SHOP MUDGEE BLOG – Get the latest latest property news, market analysis and expert knowledge from the team at The Property Shop, Mudgee

A Guide for Property Investors

Just flick through the pages of any Investment Property magazine, and you’ll come across tale after tale of ordinary people who have built – or are in the process of building – substantial property portfolios. Million-dollar figures are bandied about with regularity as investors talk about how they’re moving towards financial independence. It’s an enviable position to be in, but how do you join the club?

The answer is that it’s surprisingly simple – whether you already own property or not. Each and every property investor started exactly where you are now – with no experience and worried about making a wrong move. More »

In-laws, Outlaws and Granny Flats

Study not quite cutting it as a home office?   

Kids left school but not quite ready to leave home?

Whether built as extra guest accommodation, or a way to have your elderly parents close by without encroaching on their privacy and independence; or to help your grown children struggling with rising rents and property prices; or even as a much-needed parents’ retreat,  Granny flat approvals in NSW are booming, thanks to the NSW Government’s easing of planning policies to allow approval for granny flats in 10 days. More »

When did you last check your smoke alarm?

You can pick up a smoke alarm for less than $30 and it’s a no brainer as to why they’re needed. So why are they something that are often last on our minds?

Prioritise a smoke alarm check today!

If your smoke alarm is old, broken or just hasn’t been checked for a while, then make sure you check it – today.

Add a note to your diary, text your housemate/partner/parents or, if you live alone, tell a friend to remind you if you think you’ll keep forgetting.

It will also remind them to check theirs too. More »

Good homes need great bones

Building a house? Strap in for an exciting ride and a once in a lifetime opportunity to create something really special.

But if there’s one thing you absolutely should do first – it’s spend the bulk of your time thinking about making the design work for years to come. More »

For you’re a jolly good seller

Just a flourish with the paintbrush can put some wind in the sales.

It is possible to add $100,000 of value to some properties by spending just $10,000, provided you learn to do most of the renovation yourself.

Experts say few property owners who embark on a quick, cosmetic renovation achieve sky-high returns. It is more likely you will get back $3 or $4 for every dollar you spend, but only if you focus on maximising profit with minimum outlay and tackle these critical areas: More »

Neighbour Day – March 30th

Neighbour Day is Australia’s annual celebration of community;  bringing together the people next door, across the street or on the next farm for a beer, a barbie or just a cuppa.

Held on the last Sunday in March every year, it’s the perfect day to turn strangers into neighbours and streets into neighbourhoods. More »

Are heritage homes harder to sell?

Heritage-listed property remain a contentious issue for home buyers.

Beautiful to look at and much-loved, they can also be a lot of work and cost to renovate or maintain.

Though many perceive period features as an asset for a property on the market, recent research suggests Australian buyers aren’t as wowed by ornate features as we may have thought, especially if there’s a heritage factor that complicates changing the property.

Only 12% said a heritage property would be a plus if they were looking to buy, while a whopping 60% said a listing would be a disadvantage. More »

Questions to ask at an Open House

Knowledge is power, so being armed with as much information as possible about a property is going to help you make an informed decision about any potential purchases.

What are the key questions to ask at an open home inspection to get the information you need without coming across as a desperate buyer?

Similarly, you don’t want the agent to think you’re a novice at the real estate game and that they can use your inexperience to their own advantage. More »

8 ways to avoid Tenants being behind in Rent

High rent arrears rates and maintenance costs can be easily avoided with eight handy tips, according to Michelle Williams of Launceston-based @Home Property Management Solutions. More »