Tag Archives: residential

4 Smart Tips for Buying Residential Land in Victoria

Couple Looking at Their New Home

Couple Looking at Their New HomeIn Victoria, as with the rest of Australia, buying residential land isn’t the best real estate investment. More people are interested in detached properties than vacant pieces of land. With relatively weak demand, they’re less likely to increase in value over time.

However, purchasing land is a sound strategy to gain a foothold in a particular property market. To choose the right piece of real estate to buy, follow these tips.

1. Keep it small

Block size affects the risk factor of your purchase. Generally, lenders have high loan-to-value ratio maximums when it comes to small pieces of land. The bigger the block, the smaller percentage of the property value you can borrow. This has a direct impact on the size of your required deposit.

2. Look at the future

Pay attention to the impending developments in the area to buy a property that’s likely to appreciate fast even without any structure. Many pieces of land for sale near Craigieburn and Donnybrook, like Donnybrae, for instance, are becoming more promising because of the future schools, business hubs, and shopping centres expected to rise close to those communities.

3. Think about services

Put a premium on service connectivity and access. Buying residential land that can be easily connected to services, such as water, electricity and drainage, can help decrease your building costs. Lenders also assess the property’s accessibility. If it’s hard to reach the land with a standard vehicle, your loan application might be denied.

4. Know when you want to build

Vacant land loans don’t require you to construct anything on the property right away, but your lack of intention to build in the near future might cost you your application. For as long as it remains vacant, the residential land stays as high-risk security. Express your plans to develop it to secure the financing you need to buy it.

Most lenders are consecutive when loaning money for vacant land purchases. But if you choose the right property, you can ease the mind of your prospective lender to approve your loan request.

Choosing Glass for Your Windows? Consider the Following Factors

A house window being replacedWhether you are installing new windows or you have a glass repair in Auckland, there are factors you should put into consideration. United Glass shares some ideas.

Noise Control

A quiet home is a peaceful home. Unfortunately, there is a common misconception surrounding noise control and double glazing (IG units), stating that they are the best and only way to control noise pollution.

Unfortunately, this does not always provide the expected results. Reason being, for the double glazing glass to control the noise, you must leave enough air gaps amidst the panels, which most of the time, is not practical.

Therefore, to ensure maximum noise control, it is best to use laminated glass with sound-dampening interlayers. It is an economical and a practical way of having a nice quiet home.

Daylight transmittance

Sufficient amount of light in your house not only saves you lighting costs but also improves the overall outlook of your home. For best lighting, consider the size of the rooms, the sizes of the doors and window opening, the use of space and the orientation when selecting the glass.

However, note that large windows dressed with highly transparent glasses may give you glare issues. Similarly, dark-toned glasses on small window openings will make a room gloomy, hence necessitating artificial lighting.

Therefore, identify your needs and get the glass expert to help pick the best for each room.

Security

The security of your home and your loved ones top the list when it comes to selecting window glass. To maximise on security, a laminated glass with interlayers is highly recommended. Even if the glass breaks during an attack, the layers hold the glass together. This makes the break-ins to your house slow and noisy.

When selecting a glass for your home windows, ensure that you know and understand its maintenance process for it to last for a long time. Also, you may want to consider your home theme to select shades that match your taste and preference.