Property investment tip 48: Can you change your job after getting a mortgage in principle?

So, you hate your job. But you want to buy a house. What should you do? Some buyers believe you can quit your job after the mortgage in principle has been granted. But is this really a good idea? It always surprises me how divided people’s opinions are on this topic. A ‘mortgage in principle’ is a document that states a...

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Property investment tip 47: Why selling your family home could be a mistake

When starting a family, many people buy a smaller home due to budget constraints. When the value of this property increases, these buyers sell their property and upgrade to a larger family home. But is it really a good idea to sell your first family home? There is no right or wrong answer; it’s a personal choice. However, from a...

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Property investment tip 46: When is the worst time of the year to advertise your property?

Many people assume if you advertise your property in highly populated areas, rental demand will always be high. This is a misconception. Demand for rental properties fluctuates throughout the year. You cannot always predict when tenants will leave. But, you can be financially and mentally prepared for the months with the lowest rental demand. When is the worst time of...

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Property investment tip 45: Are you putting your tenant’s life at risk? Why you must keep your property safe

As a landlord, it’s your legal responsibility to keep your property safe for your tenants, at all times. If you own a unit within an apartment or building complex, you also have a responsibility, as a member of the Body Corporate or Owners Corporation, for ensuring that the entire building and communal areas are safe. Building safety is a prominent...

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Property investment tip 44: How the Buy to Let tax relief changes could decrease your rental profits

You must know about changes to the Buy to Let tax relief if you own, or want to purchase an investment property in the UK. Changes to this tax relief affect your property income and profit. Firstly, a Buy to Let is an investment property that is rented to tenants. Landlords cannot live in their Buy to Let property. Changes to...

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Property investment tip 43: How to become a property investor (Part 2)

In last week’s post, I discussed four key tips on how to become a property investor. These key tips were to: educate yourself about the property market; don’t be afraid of debt; don’t wait for the property bubble to burst; and identify property hotspots before everyone else. In this week’s post, I’ve highlight the four more tips on how you...

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