Home Lift

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I was reading the paper over weekend, and this is another example how the future of homes will be entirely different. In the past, lifts were very expensive and a luxury but Compact Home Lifts https://lnkd.in/gKeEipx for example now do it for a fraction of the price. You see, things like this will undoubtedly become cheaper over time as demand rises, technology improves and new players enter the market. In the space of 5 years, prices could halve and even halve again. While it may have cost $50-100,000 in the past, for around $30,000 or so nowadays, you can have a multi floor lift installed. A lift, while it might not be that imporrant to you, it does change the game for investing in terrace like homes. In the past, downsizers and older generations wouldn’t go near homes with more than a couple of stairs but they would with a lift. A lift could open up a whole new buyer market in your terrace and I have to say, lifts in the home will almost be a normality in the years to come I believe. If you own a multi story home something to consider in the future #greatinvestment

Low Valuation


Low Valuation. One of the biggest risks with off the plan investing is a low valuation when they are finally ready to settle. This week is another example, whereby fortunately in this case my client can afford to settle on a new property after a valuation came in low yet again. Over the past few years, I’ve seen this time and time again after clients have come to me after being sold off the plan property. In most cases, clients look to get out of the contract after signing but it’s almost impossible for them to get out of the contract because the developers say, hard luck you’re already committed. We then play a waiting game, for sometime years and finally usually months after they say they will be ready to settle, the property is ready for a valuation. We then cross our fingers and toes, but it’s almost certain that the valuation will come in low, it’s just how low. We then scramble to get the lender to approve loan in two weeks and the client loses many nights of sleep having to fund the shortfall from savings. Low valuations are a huge risk and sadly, it’s not going to get any prettier for new apartments. #youcannotwalkaway