Are you thinking of buying or renovating a property?
If so, you'll definitely find this useful.

Several tips for buying a house to renovate

Before you start
Regardless of your chosen property, the most important thing you need to take stock of is your finances. These will completely dictate what you do and will guide all of your planning. Working out how much you have to spend will dictate how large the project will be, and how long it will take.
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Finding a house
The best way to find a suitable house is to look through different estate agents. As renovation has become much more popular in recent years, the competition for finding suitable properties has risen considerably. Therefore, you may be on an estate agent’s books for many months before they offer you anything.
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Before you buy
Before you buy a house, there are a number of things which you should check so you do not get any nasty surprises when it's too late. Make a plan of what changes you would like to make to the house, so you know exactly how the finished product would look. This will help you decide which rooms you want where and will give you an indication of exactly how much work will be necessary.
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We will give the absolute best electrical service.
We undertake all electrical work for residential purposes such as fuse board upgrades and home rewiring.

Sellers seem to be taking advantage of favourable conditions

The city has continued to report strong gains in median dwelling values over the past month

One segment has been a major driver of the overall lift in prices in the territory

The territory's tight rental market and low-rate environment likely to support further price growth

The state records the second highest gain in dwelling values over the April quarter

The proposed reforms include capping rent increases and restricting the rights of landlords to end tenancies

The state's housing activity has reached a historic high in recent months

All capital cities registered gains in building approvals, latest market report shows

On the other hand, vacancies remained historically low in regional suburbs in New South Wales

The rent growth in regional areas is outpacing that of capital cities

This likely boom builds on the surge of building approvals over the first three months of the year

How can these changes help potential buyers and investors?

The state was able to offset the loss of demand from migration by attracting interstate home seekers

Some rental markets, particularly in smaller capital cities, are struggling with limited supply of rental homes

This level of activity, however, is not likely to be seen again for many years, expert says

The federal government announced a slew of support schemes for property buyers in the recent budget

The tax hikes will only dampen demand and worsen affordability, group says

Which regional area performed the best over the last 12 months?

The search for an investment property requires a keen eye on the future

The surge in approvals has yet to impact residential construction costs

The five biggest states reported declines in new home sales over the month

The upswing in dwelling approvals is expected to continue over the rest of the year and into the next

Demand from first-home buyers contributes significantly to the local economy, says the state treasurer

The city's median house price has been growing for nine consecutive months

Asking prices, particularly in capital cities, continued to grow in April

Which capital cities reported the highest level of activity and the strongest clearance rates?

The city has overtaken some of its peers in terms of house values

Adelaide's south reports the highest gain in house prices over the first quarter of the year

House values in the city crack the $900,000 mark for the first time

This is opposite of what is happening in regional NSW, where rental conditions continue to be tight

Both home buyers and investors are seeing an opportunity in the unit market

Mayor warns of a lack of available and affordable housing in the area

Approvals for detached housing are expected to remain on an upswing until next year

The demand for social housing remains high across the state

This could help over half of Australian borrowers who are unable to monitor the mortgage rates in the market

Three cities defy overall decline, scoring more property listings over the month

However, rent gains in Hobart vary depending on location, with inner-city region posting declines

Regional markets reported the tightest rental conditions across the state

The median house value in metro Melbourne has, for the first time, surpassed the million mark

Rents in Darwin are increasing faster than dwelling values