Property

Make your home work for you

MOST people know how much money they have in the bank but far fewer know how much their home is truly worth, says LJ Hooker Toowoomba salesperson Alan Reilly.

"Home owners should have a regular appraisal of their property, which does not require any commitment on their part to list for sale but provides a knowledge-based assessment of where the market would likely see the home's current selling range," he said.

Alan said the moment a property sells it gave vital information on the value of a similar property in the same market conditions.

Once you know what your own home is worth, Mr Reilly said it opened up the possibility of using the equity in it as leverage to buy an investment property.

"The equity in your home is the difference between the price you owe on the home and how much your home is worth," he said.

"You can increase your equity three key ways - by decreasing your mortgage via additional payments, through the naturally rising property values or by home improvements that will raise the perceived value of your home.

"Undertaking pro-active renovations or extensions should increase its market value.

"To do this successfully you should have up-to-date market information and know what that local market is after.

"This is because the aim is to attract buyers who will pay for the new features your home offers at the time you want to sell.

"Our aim is to keep homeowners constantly informed by drawing on the team's expertise and its knowledge of ongoing market activity."

Contact Alan Reilly at LJ Hooker Toowoomba on 0427 655 767 or areilly@ljht.com.au for an obligation free market appraisal.

The team at LJ Hooker Toowoomba consists of sales, property management and property finance specialists who welcome your questions and provide regular updates on matters affecting your property's value.

Topics:  market property real estate



Fatal hit and run: Renewed appeal for information

Crimestoppers.

Police seek woman with links to Plainlands and Laidley areas

Call for women to book free service

BOOK NOW: Health Promotion Officer Deb West is urging women to book in for a free mammogram at Fernvale, or Lowood where 65% of the appointments are free.

Fifteen minutes could save a woman's life.

What happens for young buyers?

Prime Minister Malcolm Turbull opens Vanguard Laundry Services, Monday, January 16, 2017.

Negative gearing is pushing property prices to extremes

Local Partners

Bliss N Eso announce tribute show for stuntman

AUSSIE hip hop outfit Bliss N Eso have announced they will play a tribute show for the stuntman killed during the filming of their music video.

MOVIE REVIEW: Trainspotting sequel as good as original

Ewen Bremner in a scene from the movie T2: Trainspotting.

Director Danny Boyle proves sequels can be done well.

How Karl Stefanovic's wife, kids found out about girlfriend

Karl Stefanovic and Jasmine Yarbrough after their day on Sydney Harbour. Picture: Jonathan Ng

Pictures splashed across tabloid were shock to family

WATCH: Toowoomba opera hopeful's incredible voice

Kaitlyn Orange attends Opera Queensland auditions at Empire Theatres for Opera at Jimbour, Saturday, February 18, 2017.

Opera hopefuls vie for parts in performance at Jimbour House

MKR turns spiteful in suddendeath elimination

Alyse and Matt battled Josh and Amy in a spiteful elimination cook-off.

Bottom of the ladder faces off in spiteful sudden-death cook-off.

Jilted Married At First Sight groom rejected again

Is Married at First Sight groom's second chance over already?

Simon under pressure to open up in MAFS Ipswich visit

Pressure on both bride and groom at Booval bachelor pad

Popular island resort sells to loaded international investor

OUR PICK: Chris Foey's colourful shot of one of Gladstone's great tourism hot spots, Heron Island.

International investor snaps up piece of Gladstone paradise.

Expert: Why renters, home buyers may struggle

Matusik Property Insights director Michael Matusik.

What's next for the city's housing market

Massive seaside development of 3200 lots

DESIRABLE LIFESTYLE: The masterplan for the proposed Elliott Heads Estate.

"There's nothing else left along the coastline of Queensland now"

Potential home buyers punished for doing the 'right thing'

Should I go to university or buy a house?

Ready to SELL your property?

Post Your Ad Here!