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FEATURED PROPERTY 31 Hoyles Road, Pakenham Upper
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THE ULTIMATE CHECKLIST FOR SELLING YOUR HOME
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MAXIMISING YOUR PROPERTY INVESTMENT
25 LEASED IN JULY Leasing Statistics For July 2024
IN 10 DAYS
The sale of 31 Hoyles Road, Pakenham Upper saw 23 contract requests and 7 offers, ultimately selling for an impressive $1,895,000.
We are excited to announce that the stunning property at 31 Hoyles Road, Pakenham Upper has been sold to a very happy family for an impressive $1,895,000. This remarkable sale, expertly managed by our leading lifestyle specialist, Matt Clark, highlights the appeal and unique qualities of this breathtaking home.
Set on 5.6 acres of manicured gardens and sprawling lawns,
the bespoke Pakenham Upper residence attracted significant interest from buyers looking for the perfect family environment. The property was on the market for only 10 days, during which Matt conducted over 70 inspections, showcasing the immense popularity and appeal of this beautiful home.
This dream home masterfully combines the charm of Federation character with contemporary design. The open-plan living area is complemented by a stylish kitchen equipped with commercial-grade appliances and a substantial walk-in pantry. A feature fireplace adds war mth and character, while the wraparound covered veranda
offers stunning sunset views, providing a picturesque backdrop to everyday life.
The property’s outdoor amenities are equally impressive. A triple car garage and freestanding 7m x 12m shed, with bathroom, offer ample space for a classic car collection or potential for a multi-generational living area. The secure gates and circular paved driveway, bordered by established gardens and expansive lawns, create an inviting and secure entrance.
We are incredibly proud of this outcome and wish the new owners of this magnificent property many years of happiness and cherished memories in your new home.
Selling your home can be a daunting task, but with the right preparation, you can ensure a smooth and successful process. This checklist will guide you through each step, from preparing your home for sale to closing the deal.
Before putting your home on the market, it’s essential to understand the current real estate landscape. Research recent property sales in your area, consult with your local real estate agent, and consider a professional appraisal to determine the value of your home.
Selecting the right real estate agent can make a significant difference in your selling experience. Look for an agent with local expertise, a strong marketing strategy, and a proven track record. Ask for references and read reviews from previous clients.
Before listing your home, address any necessary repairs and consider making improvements that can increase its value. This may include leaky taps, repainting walls, and updating fixtures. Small changes can make a big difference.
Staging your home can help buyers envision themselves living there. Declutter and depersonalise, arrange furniture to highlight the space, and add touches like new throw pillows. If needed, you can hire a professional stager.
First impressions matter, so ensure the exterior of your home is inviting. Maintain the garden, mow the lawn, clean the driveway, and consider adding a fresh coat of paint to the front door.
High-quality photos and video are essential in today’s digital market. Hire a professional photographer to capture your home in the best light and consider a video to give buyers a detailed look at your property online.
Setting the right price is crucial. Price your home too high, and it may sit on the market for too long; price it too low, and you could miss out on potential profits. Work with your real estate agent to set a competitive and realistic price based on market data and your home’s features.
A robust marketing plan will ensure your home reaches the right audience. Your real estate agent will use a combination of online listings, social media, email campaigns, and traditional advertising to promote your property. Make sure your listing includes detailed descriptions, high-quality photos, and key selling points.
Always keep your home clean and ready. Schedule open homes at convenient times and be flexible with private inspections. During these events, keep the temperature comfortable, turn on lights, and add pleasant scents.
When offers start coming in, review them carefully with your real estate agent. Consider not only the price but also the terms and contingencies. Be prepared to negotiate to get the best possible deal. Your agent will help you navigate this process and provide valuable advice.
Once you’ve accepted an offer, there will be a significant amount of paperwork to complete. This includes the contract of sale, and other legal documents. Ensure all paperwork is accurate and complete to avoid delays.
As settlement approaches, start planning your move. Hire a reliable moving company, pack your belongings, and plan for any necessary services, such as utilities and internet. Don’t forget to update your address with relevant institutions.
Selling your home can be a rewarding experience with the right preparation and guidance from your First National Neilson Partners sales agent. By following this checklist, you’ll be well-equipped to navigate the selling process successfully.
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Being tax-smart as an investor is crucial. It is essential to keep accurate records, understand what you need to declare, and know what you can claim at tax time. Maximizing your return by claiming every dollar available helps offset personal income tax. Here’s a guide to some of the key deductions you can claim as a real estate investor in Australia:
Rental Income: You must declare all rental income received during the financial year, incl. rent payments and additional income streams related to your investment property.
Deductions: Maintenance costs incl. routine repairs and maintenance, property management fees and interest on mortgage repayments.
Depreciable Items: A depreciation report, which an estimated 75% of investors fail to use, helps you claim for the decline in value of assets in your property, such as appliances and carpets.
Communication Costs: If you use your home phone, mobile, computer, or internet services to manage your investment property, you can claim a portion as a tax deduction.
Advertising and Letting Costs: Expenses related to advertising for new renters and letting costs.
Cleaning and Gardening: Cleaning costs at the end of a tenancy, as well as gardening and lawn mowing.
Professional Fees: Fees for bookkeeping, bank or solicitor fees, credit checks, and pest control.
Insurance: Claim insurance costs for landlord, mortgage, building, contents, and public liability insurance.
Body Corporate Fees and Charges: Claim these if your property is part of a strata title.
Land Tax: Land tax paid on your investment property.
Depreciation: In addition to depreciable items, you can claim for the decline in value of your property itself.
Capital Works Deductions: You can claim building costs, incl. extensions, and structural improvements as capital works deductions.
Loan Establishment Fees: Claim the cost of establishing a loan.
Title Search Fees: Fees paid for title searches related to the property purchase.
Mortgage Document Costs: Costs of preparing and filing mortgage documents.
Legal Expenses: Certain legal expenses related to the property can be claimed.
By understanding and utilising these deductions, you can significantly enhance the return on your investments and ensure you’re making the most of the tax benefits available to you.
