Pricing Forecast of Real Estate in New Zealand (2022 and beyond)

We’re already in February 2022, which means it’s time to start assessing our current and future real estate strategy. What houses will be more valuable? What will decline in value? What should we look out for? What should we prepare for? 

With all the inquiries we’ve been getting from our clients, old and new, we decided to put together this blog post, where we’ll take a look at the most recent Housing Policy and its implications, as well as the OCR (Official Cash Rate) and overall home pricing. We’ve also gotten some information from our brilliant advisors. Here we go!

Housing Price Forecast for 2022

In general, New Zealand has been facing a housing shortage, which means that there are more demands of homes than there is supply. This deficit exists because:

  • There aren’t too many homes on the market for people to purchase or rent
  • There is a rise in the population, and
  • Individuals are starting to move out at a younger age.

House prices are expected to continue to rise, as it’s a common practice when supply and demand determine the price. However, we are experiencing a supply shortage due to factors, such as: 

  • Migration
  • Taxation
  • Land banking
  • Lack of construction materials and craftsmen.

There are several other factors that too might influence the housing market.

  • Interest rates
  • Lending standards
  • Unemployment
  • Economic stability (offshore and onshore)
  • The COVID pandemic and public perception
  • The role of the media.

Last year, cheaper rates and an aggressive FOMO (Fear Of Missing Out) thought process among people helped in the huge rebound of the market. Save for any exceptional reasons, we believe that the Reserve Bank of New Zealand (Te Pūtea Matua) will not reduce any loan-to-value ratios or lower the OCR any further than it has since COVID has reached our shores. Given how successfully the New Zealand economy has recovered, there is greater optimism this time around, and we believe the market will pick up where it left off, although less quickly than previous years.

So is this a good time to sell your house? Give us a call to find out more about our free valuation process.

Housing Policy Updates

The government’s measures were intended to help first home buyers, but they will let developers and investors enjoy the upper hand. The goal of the policy is to make it simpler for first home buyers to enter the market.

The reform will also encourage investors to buy new construction or off-the-plan houses to rent out since the change in the property tax law does not apply to new residential development.

New housing regulations, such as new tax rules for investment properties, will impact all current investors but may also affect the ‘mums and dads’ more than others. These ‘mum and dad investors’, who usually have one or two rental properties, will no longer be allowed to deduct interest on their borrowing, which will be phased out over a four-year period. Typically, parents acquire property to safeguard their future or to help their children onto the property ladder. As the wealth gap rises, consequences are enormous for future generations. This, unfortunately, makes our 2022 prediction even more challenging.

These new tax regulations include a four-year sliding scale for tax deductions, which will encourage investors to invest in new buildings – with exemptions. With that being said, this may have a negative impact on property affordability for first-time buyers – since investors, developers, and first-time homebuyers will all be competing for the same homes. In other words, housing costs are going to rise!

Scenarios from our financial experts

Let’s imagine your rental income is $700 per week or $36,400 per year.

SCENARIO 1: If your annual costs for a property total is $36,400 and the interest on the loan, the mortgage, rates, insurance, and property management is included, you are cash neutral. Because the revenue is offset by the property’s costs, you pay no tax on it.

SCENARIO 2: If this is an existing property and you are unable to claim the interest on the loan, which is $25,000 a year, you can only lower your rental revenue by the remaining expenditures of rates, insurance, and property management, which in this case is $11,000. You now have to pay tax on a sum of $25,000!

Honestly, it’s not ideal. It only fuels more complications. We completely understand the government’s intention for wanting to tax people in order to improve the economy, but it makes life a little more difficult for those who live day-to-day.

And how about the latest on the OCR change?

The OCR has risen from 0.25% to 0.50%. This is the first time in seven years that anything like this has happened. We can expect the OCR to continue to grow due to inflationary pressures, offshore markets, and other volatility. However, we do not anticipate a rate rise after the recession.

What does the OCR change mean?

It implies a minor increase in the cost of borrowing money. This has a direct impact on the rates that banks offer their customers, as well as the fees that consumers pay when borrowing money from the bank via mortgages, loans, and credit cards. This will have an impact on future borrowers’ capacity to receive loans due to their ability to service them.

People will gradually be motivated to save rather than spend now since they are  able to anticipate significant returns on their investments if the OCR continues to rise. But when people cut down on their spending, the economy slows down, and inflation rises.

The Reserve Bank of New Zealand lifted the Official Cash Rate from 0.25% to 0.50% for the first time in seven years.

We know that there’s so much to absorb, but hopefully, you’re up to date for now. It might have been a complicated read, but that’s because the market is wild right now, and we’ve never seen anything like it before.
If you want to know more or need any help with property appraisal, free valuation or renting, feel free to call our experts.

18 Proven Home Packing Tips to Make Your Moving Day a Good Day

Moving is one of those experiences that everyone must’ve gone through at least once in their lifetime. After selling a home, success is dependent on avoiding some common mistakes and preparing beforehand in order to make the process go smoothly.

Having a checklist in place will help you ensure that everything is in order before, during, and after the move. Another very helpful moving tip (that no one will probably tell you) is that you must maintain a positive attitude all throughout, despite the big change. 

8 Important Moving tips, tricks, and advice

With so many intricacies and elements involved in the moving process, there’s no such thing as a one-size-fits-all handbook. Different people have different requirements, such as how to pack expensive china for moving, how to move precious wooden furniture safely, or how to move fragile antiques. But in most circumstances, these basic, super-useful moving tips and techniques are all you need to get you through the confusion. Let’s take a look.

1. Get rid of everything

Listen,  it’s going to be difficult (if not impossible) to fit all your belongings into those boxes, bags, and containers. Reduce the clutter as much as you can and make things simpler for yourself. You don’t tag your ex-boyfriend lover along when you’re moving into a new place. Similarly, be equally selective about the stuff that you need for the same. Do a deep “cleansing” of unwanted or useless belongings before packing each box. You’ll have fewer things to pack, move with, and (later) unpack, and you’ll be able to start over afresh in your new home.

2. Make a moving folder

Start gathering new addresses, rental or purchase papers, moving contracts, and other information in a single folder. (In case the computer or phone batteries expire during the transfer, consider a physical copy rather than just a digital copy.) This will prevent you from losing valuable data which may occur when your gadgets are moved from one place to the next. 

3. Pack as far in advance as possible

You should be aware of the moving date, weeks or even months in advance (even if the ultimate destination is still not clear). Start by packing items that are not in season or the ones you won’t miss. Say, if you’re relocating in the summer season, you can pack your winter clothes beforehand, including books and other non-regular items. This way, when you approach your moving date, almost all of your items are packed and ready to be shipped, thus reducing your stress.

4. Book early

Book early if you’re hiring moving services, renting supplies, or engaging specialists to work on the property, such as painters or cleaners. If you wait too long, you may end up spending more or not being able to acquire a truck or movers at all, especially if it’s peak moving season.

5. Schedule utilities for your new place

Contact your utility suppliers to arrange for service at your new house after the dates are confirmed. You don’t want to arrive, exhausted from the move, to discover that the power, water, or heat are all out. It’s best to plan ahead of time and keep track of your requests in your moving folder. Request service interruptions at your existing residence for your move-out date.

6. Keep the essentials with you

Tuck daily essentials—a change of clothing, a toothbrush, must-have stuffed animals or toys for the kids, prescriptions, papers, into a suitcase or bag you’ll probably need the night before the move. If a disaster occurs and the moving vehicle is lost, at the very least you’ll be prepared.

7. Invest in Equipment

Stock up on goods a few days before the big move. The last thing you want to do when packing moving boxes is rush to the store. Box cutters, adhesive bandages, permanent markers, packing tape, paper towels, and garbage bags may all be ordered or purchased. (Even if you don’t utilise them all during the relocation, they’ll come in handy afterwards).

Consider hiring moving equipment from a moving firm for heavier items. (If you employ a moving company, they’ll almost certainly bring their own.) If you move regularly, you may want to invest in these products. Make sure you have a furniture dolly, furniture cushions or coverings, and tie-down straps or rope on hand throughout the relocation, whether you purchase, hire, or borrow them.

8. Get a truck with a loading ramp

If you’re doing your own moving, you’ll need a truck with a ramp. While renting a truck without one may be less expensive, the inconvenience (and difficulty) of lifting each box and piece of furniture high enough to get it into the truck will add hours to your move, as well as sore muscles.

10 Packing Tips For Moving

If there’s one thing common between selling a home and moving, they both indicate a fresh start. So, make sure you do it right. Here are these 10 useful tips to get you going.

1. Make sure you’re using the right-sized boxes.

Pack your books and other heavy objects in compact boxes while moving; light items, such as linens and pillows, can be packed in comparatively bigger boxes. That way you can fit more numbers of lighter items in one box, and easily-movable boxes having heavier items.

Professional movers often complain about large boxes stuffed with heavy objects, so make their job easier for them by packing your items in smaller boxes. This way, you also reduce the risk of your personal items being damaged during the move. 

2. Heavier items at the bottom, lighter ones on top

Pack your heaviest boxes first, near the front of the truck, for balance. If you’re loading the truck yourself, put heavier stuff on the bottoms of boxes, lighter items on top.

3. Make sure there are no empty spaces in the boxes.

Clothes, towels, or packing paper can be used to fill in the gaps. Movers will frequently refuse to transport boxes that seem to be poorly packed or imbalanced.

4. Don’t put objects from several rooms in the same box.

It will speed up the packing process and make unpacking a breeze.

5. Write the name of the contents, the room and/or the description of the contents over each box.

This will help you and your movers know where each box should be placed in your new home. It’s a good idea to number each box and maintain an inventory list in a notebook to keep track of everything you’ve packed and ensure that you have everything when you unpack.

6. Make sure your moving boxes are well-taped.

Close the bottom and top seams with tape, then wrap a couple of wraps all the way around the box’s top and bottom edges, where pressure is high, using one of the movers’ techniques.

7. If you’re transporting precious artwork, ask about special crating.

To keep your artwork safe during a move, learn how to pack it properly. Regular paper should never be used to wrap oil paintings since it will stick on to them. Make an X with masking tape over the glass when packing photographs for moving to reinforce it and keep it together to avoid breaking.

The photographs should then be wrapped in paper or bubble wrap and placed in a frame box with a piece of cardboard between each framed item for further protection.

8. Take extra caution while packing the kitchen for relocation.

Packing kitchen items usually entails dealing with a wide range of items. Use the following example to get an idea and replicate with other items accordingly, especially the brittle ones.

Example:

Wrap a packing paper over each dish then tie five or six bundles together with extra paper. Dishes should always be packed on their sides, and not flat. While padding above and below, use a lot of bunched-up paper. Cups and bowls can be stacked with paper between them and wrapped three or four times in a bundle. Put everything in dish-barrel boxes.

When packing glasses for a move, use a box with cardboard dividers to avoid a collision, and wrap them in many layers of paper to keep them safe.

9. Organise your clothing

You can pack your folded clothes in cardboard boxes, suitcases, or simply leave them in the wardrobe (as long as it doesn’t make the furniture too heavy to carry). Use a separate wardrobe box for hanging clothes so that you can hang your garments straight in them. (An added bonus: you won’t have to figure out how to pack your hangers when relocating).

When packing shoes for a move, you must protect them from each other. Wrap each pair of shoes separately to prevent sharp heels or buckles from injuring other pairs, as well as to prevent dirt from one pair contaminating the rest of your footwear. Socks may be stuffed inside shoes to help them maintain their form.

When packing your jewellery, use this money-saver tip: string the necklaces through straws or toilet paper rolls to protect them from getting entangled.

10. Learn how to move a television.

Some movers cover TVs in quilted furniture pads as if they were any other piece of furniture. However, plasma TVs need special wooden boxes for shipment (if you don’t have the original box), since laying them flat might damage them. If you’re packing by yourself, double-box your television by placing it in a box that has been cushioned with packing paper.
With these 8 moving and 10 packing tips, we’ve got your moving scene covered! Whether for relocating tips or help with selling a home in Ashburton, if you’re looking for expert real estate help feel free to give us a call asap!

How much deposit do you need to buy your first home in NZ?

The basic downpayment required for buying your first home in New Zealand used to be 20% of the loan amount. However, post-LVR (Loan-to-Value Ratio) changed this year, and young buyers now have options for getting a home loan against a minimum deposit of 5% as well.

To give you a clear picture of how major lenders loan money to first home buyers in 2021 we, at Real Estate NZ, have made our own assessments and we’ll break it down in this blog post. We’ll also discuss how KiwiSaver and the government’s Kāinga Ora programme will help you in getting your first home.

Take note though, that no matter how much deposit you need to buy a house in New Zealand— the larger the deposit, the lesser the interest you’ll be having to pay throughout the term of your loan.

What is a house deposit?

A house deposit is the minimum amount of money you’ll need to pay upfront to the bank to purchase your house. It is also known as an ‘equity deposit’. For example, if you want to put down a 20% equity deposit on an $800,000-property, you’ll need at least $160,000 in your bank. The remaining $640,000 of the purchase price can be covered by your home loan.

It’s easy to confuse the terms – ‘equity deposit’ and ‘purchase deposit’. But, we’ve simplified it for you below.

Purchase Deposit

A purchase price is agreed upon between you and the vendor (the home seller). You sign a Sale and Buy Agreement and pay a ‘purchase deposit’ to the realtor (a percentage of the selling price or an agreed figure). This is held in a separate account until the day of settlement.

Equity Deposit

Your ‘equity deposit,’ or the total amount of money you’re investing toward the property, will have been determined by you and your bank. This is usually about 20%.

Settlement Day

You’ll make sure the difference between the purchase deposit and the equity deposit is ready for the sale’s completion on settlement day. It’s added to the house loan, and the total amount owed upon settlement is calculated.

What’s a typical first home deposit?

The more the better, i.e., if you have 20% (or more) deposit with you in your savings, banks find it easier to trust you, and consider you as a good candidate. For them it means that you have a strong savings history, implying that you’re a suitable home loan customer in New Zealand.

Having a deposit of 20% or more comes with three major advantages. You’ll be able to get your bank’s pre-stated home loan rates. This loosely translates to:

  • No need to pay a low equity fee and your lender may not ask for mortgage insurance from you.
  • Since you paid more as a deposit, you’ll have to pay lesser interest throughout the term of the loan.
  • Since you borrowed less, your weekly or monthly payments will be more manageable for you.

It’s true that a deposit of 20% or more is the ‘ideal world’ scenario. However, with the rise in home prices in New Zealand, achieving this ideal deposit amount is becoming increasingly difficult for many first home buyers. That’s why more lenders are talking turkey with homebuyers who can at least come up with a minimum deposit of 10% or 5% of the buying price.

Can you buy a house with a 10% or 5% deposit?

Yes, you can. You will fall into the ‘low equity home loan’ category if you have a deposit of less than 20%. There are a number of prominent lenders who’ll consider granting you a home loan with a lesser-than-ideal downpayment. Westpac, TSB, Kiwibank, NZCU, Cooperative Bank, SBS, NBS, NZHL, and First Credit Union are among the lenders on the government’s Kinga Ora First Home Loan lenders list.

Be aware that a low-equity home loan may come with certain conditions. To compensate for this increased risk, some banks charge a higher interest rate. Others charge a ‘low equity fee’ (also known as a low equity margin), which is added to the loan balance.

Lenders on the Kāinga Ora list will take into account your financial capacity to repay the loan, as well as your financial situation, credit history, and banking history.

How does KiwiSaver help with a first home deposit?

KiwiSaver is more than just a retirement savings plan. It can also help you in buying your first home by allowing you to withdraw the majority of your earnings for a downpayment.

How to use KiwiSaver as part or all of the deposit on a home:

Save for at least three years with the Kiwisaver. Your total (including contributions from you, your employer, and the government), minus $1000, will go toward a downpayment on your first home. Go through the following steps to understand the process:

APPLY

Apply for a mortgage, confirm the amount of your equity deposit, and set your price limit.

FIND

Find a property and get it assessed.

CONFIRM

Check with your lender to see if you can get a loan.

BUY

Purchase the property, hire a lawyer to assist with the settlement, withdraw your Kiwisaver funds, and apply for home insurance.

CELEBRATE

The transaction is complete, and it’s time for you to celebrate! Time to prepare for moving into your new home!

How does the Kāinga Ora programme help first home buyers?

On the Kāinga Ora website, you’lll find information that’ll guide you with your first house purchase. There are also websites specifically dedicated to the First Home Grant and First Home Loan.

Also, if you’ve been contributing to KiwiSaver for at least three years, you are probably eligible for a First Home Grant of up to $10,000. The three years do not have to be consecutive, but they must add up to a total of three years of contributions. There are many more factors to consider. For example, you must:

  • Be above the age of 18.
  • Have earned less than the income limits in the previous year ($95,000 before taxes for a single buyer; $150,000 before taxes for two or more purchasers).
  • Do not own any property at the moment (this does not include Māori land).
  • Purchased a house that’s priced within the regional house price limits.
  • Made a commitment to stay in your new home for at least six months.

If you’re looking for more info on different first home buying schemes or need a trusted realtor to guide you through the process, end-to-end, give us a call today.

What Makes A Great Real Estate Agent?

A realtor is like a matchmaker. They help people find their dream space and discover the perfect home.  Sometimes people know what they want, while other times (most of the time actually) they figure it out with the help of a realtor. Therefore, to be a successful realtor, one must possess a certain personality.

While not all real estate markets are the same, buyers tend to look for certain characteristics when looking for a real estate agent in Ashburton. These characteristics help a great deal because, with sales, you need to be convincing. And if you’re the real estate agent, you need to be charming as well, so you can convince your potential buyer into actually purchasing from you. 

So, what are these characteristics that homebuyers in Ashburton seek in their real estate agent? RENZ experts evaluate a list of important attributes that real estate agents should possess, including, what these characteristics say about the agent.

1. Iron-clad determination

You must have a strong determination to succeed as a realtor if you want to survive in this industry. Giving up is never an option. Every deal is important. Whether or not they buy right now, you have to treat the transaction as if they are a customer. Because who knows? They may buy from you in the future. 

Furthermore, every customer must get exactly what they’re looking (and paying) for. That, however, does not happen by chance. To ensure that the client’s needs and wants are met, you must adopt a dogged, persistent, and unyielding determination as the client’s agent.

Hate to break it to you but there’s no way you can have a successful career in real estate if ‘determination’ isn’t your nature. On the other hand, you will perform well in this industry if you’re determined to win, despite the hurdles placed in your way (some of which will come from your customers themselves). 

2. The ability to negotiate

You must learn how to be good and get better at the art of negotiation. A  great chunk of your success depends on how well you can convince someone to buy.  You should be able to master it in such a way that you’re able to teach negotiating skills to students at the local community college. That’s the level of skill you’ll require.

In real estate, you’ll need to negotiate over at least three key items:

  • The listing price
  • The selling price
  • Your commission

Teach yourself the art of negotiating after you’ve become a real estate agent. Begin with deciding on your commission, since this is the most difficult step. Soon enough, you’ll be able to bargain on all other real estate areas once you start earning a good commission for yourself.

3. Tech savviness

This is a relatively very new requirement in today’s real estate market: knowing how to use a computer, smartphone and the Internet. It’s not enough to know how to just browse a webpage. You need to know how to use a mobile application, carry out important transactions, share crucial presentations – all at the click of a button. Furthermore, you should learn how to market your services and the properties you sell on social media because that’s where your buyers hang out.

You must be willing to adapt to trends, learn to research what your competitors are doing, and how to improve your online marketing skills. Let’s face it, at this day and age (especially with the social distancing regulations in place) face to face interactions may be limited. No matter how good you are at negotiating, your skills will be outpaced if you aren’t tech-savvy.

4. The right personality

Real estate is a people-oriented job. You’ll need a personality that can charm potential customers and earn their trust. While it takes time to gain expertise as a real estate agent, a pleasant attitude may earn you a lot of brownie points right away. Simply because you have a positive demeanour, people will not automatically want to work with you. But if you’re charming, respectful, and even humorous, all these together can become your superpower since not every real estate agent is a pleasure to work with. 

5. Integrity

To keep your customer’s confidence intact and secure referrals, you’ll need to maintain a high ethical code. As a real estate agent, you are dealing with someone’s life savings. So, it’s crucial that you’re principled and devoted to doing the right things for your client, and avoiding the temptation of fraudulent acts. If you want to work as a real estate agent in Ashburton you’ll have to meet higher ethical standards.

6. The ability to network

It’s all about who you know and who knows you in real estate. You’ll never be a successful real estate agent if you don’t make connections.

The ability to network isn’t a choice. It’s a need. You don’t have to be an extrovert to be successful at networking though. Since introverts are usually better listeners and more focused on quality discussions, they can also be excellent networkers.

Here are a few pointers to remember if you need to brush up on your networking skills:

  • Arrive at networking events early: Being fashionably late may get you some attention, but the early birds make more lasting connections.
  • Make a good impression: People like being in the company of those who are cheerful and friendly.
  • Be passionate: Allow your enthusiasm for real estate to shine through.
  • Maintain connections: Make a point of following up on your contacts as soon as possible. Call them back after a few days and invite them out to lunch or offer to meet at their office.

Your ability to network and retain ties with former clients and other real estate professionals will determine whether this career is right for you. 

7. Attention to details

While a warm heart will help networking, you will also need a keen eye. You’ll spend a lot of time on the details as a real estate agent. You must be familiar with “the tiny things,” whether you’re comparing house costs, reviewing a contract thoroughly, or analyzing your client’s wish list. The little details are what enables a realtor to achieve a good image, and also contribute to client trust. The client is likely to trust you more with their hard-earned money when they know that you pay attention to details. 

8. Problem-solving attitude

Every client will come to you with a problem: they’re looking for support to help them buy or sell a house. It’s your responsibility to find a solution to that issue.

While the situation may be the same as your previous transactions, there may be some differences to consider, such as the client’s budget or a  “must-sell-by” deadline. You’ll need to be comfortable addressing difficulties on a regular basis – sometimes you may need to be a bit creative about solving any issues that may arise. 

9. Self Motivation

You are your own boss as a real estate agent. Even when you’ll work for a broker, you are likely to be an independent contractor rather than an employee. This essentially means that you run your own little agency. As a result, you must be self-motivated. No one will be breathing down your neck and forcing you to work. It’s absolutely your own decision.

10. Maintain a professional appearance

Not only are you selling homes as a real estate agent in Ashburton, but you’re also selling yourself. Hence, you must be very particular about your appearance because others will take note of that too. Dress appropriately because your clients will make certain decisions based on your image before they even consider your proposal.

11. Impressive communication skills

You’ll spend a lot of time talking to people as a real estate agent. You’ll do a lot of talking, whether it’s answering your client’s queries or it’s networking with other agents. This is great news for those of us who are naturally talkative, but it doesn’t mean you can’t improve your communication skills even if you aren’t. 

Since these abilities can be adapted over time, here are some pointers to help you develop or strengthen your communication skills:

  • Pay attention to what they’re saying:  Listening to the other person is half of communication. Allow the other person to speak first and receive cues from them.
  • Ask questions: Your conversations aren’t just monologues,  but discussions. Ask the other person clarifying questions to bring them out of their shell.
  • Make direct eye contact: Although you shouldn’t maintain a fixed glance at someone while speaking to them (or that would be creepy), you should look at them while speaking to them. Otherwise, it seems as though you’re hiding something from them. Maintain eye contact with the other person while they are speaking to you, otherwise, you may look disinterested.

12. Endless enthusiasm

The real estate industry often requires long hours – early mornings, late nights, and constant hustling. You might get a lot of your energy from drinking cups of coffee. But eventually the caffeine will run out of your system and you’ll need something stronger to get you through the day. That “something” is sheer zeal and passion for your work.

You must be passionate about real estate in order to be successful. You’ll be able to work longer hours and cope with challenging clients because of your enthusiasm.

Are you missing a few of these qualities?

First and foremost, do not freak out. While possessing these 12 qualities would be awesome, it’s also unlikely to have them all, especially if you’re new to the real estate industry. Besides, the majority of them can be acquired or learnt over time.

Assess  yourself:

  • What attributes do you have that you can use to your advantage?
  • Which of these do you need to improve on?

Once you do a self-assessment, then figure out what talents or characteristics would be essential to your success as a real estate professional. Remember, there’s always room for improvement. 
If you need a real estate agent in Ashburton, contact us today. We’re always happy to help.

Selling Your House: 15 Tips to Stay Ahead of the Curve

Everyone’s life is in flux right now. For some of you, the lockdowns may have accelerated your intentions to downsize or upsize your home. For those of you who have lost jobs or suffered pay cuts, a quick property sale is a good way to free up some cash.

And if your neighbourhood or area is seeing high buyer interest, realtors are emphasising that the sooner you sell, the better.

According to many realtors, the current situation (contrary to what most people think)  is an excellent market to sell in. Due to a lack of availability, houses in desirable areas sometimes get numerous bids. People have emerged from the lockdown with serious purchasing plans, and even if they have a home to sell, they are certain they will be able to do so by the time they need to settle.

Take a look at these 15 tips to find out how you can sell your property in Ashburton faster!

1. Research

To be more profitable when selling property, you need to do some research. Having a strategy in place for selling will lead to a smoother process for you and everyone else involved. To get an estimate of your home’s current market value, begin by looking at other recent (and similar) property sales within your neighbourhood.

You may also hire someone for free property valuation in NZ or understand the Council Rating Valuation (commonly known as ‘rateable value’) or a Property Value Report (a.k.a market value) for your house in Ashburton.

Your research will give you ideas on whether the time of the year will affect your sale, help you in developing a plan, and teach you how to bargain with buyers.

2. Realistic pricing

Compared to a decade ago, buyers now have access to the same information you have on the internet. So you should assume that they’ve done their research and are aware of the local market as well.

Know the selling price range of your home after you’ve estimated how much it’s worth. You can begin by determining the lowest selling price you are willing to accept and the length of time you’re willing to wait for a sale. The more reasonably priced the property is, the quicker it’ll sell.

3. Know the competition

Find open houses in Ashburton and compare your home to them.

  • Are they comparable in any way?
  • What is the cost of these houses?

It’s a great way to research and get some encouragement before arranging or hosting an open house in Ashburton. Through your research you’ll learn:

  • What kind of questions can an agent/buyer pose to you?
  • What are the main concerns of other potential buyers?
  • What are you focusing on right now?

At your open house, you should expect similar questions from prospective buyers. So, when it comes to planning for your own open house, having answers to the questions above will come in handy.

4. Repairs

Unfortunately, those annoying little DIY projects for your house that you’ve been procrastinating on need to be finished.For example: Replace the doorknobs, mend those leaking faucets, fix damaged drawers, replace light bulbs, do touch-up paint jobs on the walls and cabinets, and double-check the silicone around sinks—you get the idea. This should be done on both the inside and outside of your home in order to enhance your home’s street appeal.

However, you’ll be relieved to learn that you’re not required to completely renovate the home. Sometimes large improvements cannot be recouped within the selling price, so remember that mending and little touch-ups are typically more cost-effective.

5. Keep your documents ready

Prep yourself by having all of the documentation and information you’ll need on hand throughout the selling process. For both the buyer and the seller, this will guarantee that the open house, sale, and purchase process happens faster and smoother.

You have a legal responsibility to inform purchasers about any faults with your home as the owner, so consider getting your hands on a building report. Have you made any changes to your home that needed a construction permit? If that’s the case, make sure you have your Council’s Code of Compliance Certificate on hand.

If there are any sort of home renovation tasks you’ve put on your bucket list but have opted against because you don’t have the time if you’ve been given planning approval, be sure to include it in your listing since it’s another really-effective selling point.

It’ll also help you to get things done faster if you need your finances in order. Is it necessary to inform your mortgage lender or bank that you have a deal in hand? Are you seeking a different place to buy? Are you going to need bridging loans or a remortgage? Consider hiring a lawyer to make the buying and selling agreement faster. For both the seller and the buyer, these points will help expedite the process.

Before anything else, you might want to opt for a FREE valuation appraisal and understand what your property’s worth in today’s cut-throat market. 

6. Declutter

When seeing your house, buyers will be easily distracted. We advise that you use this distraction towards your home’s BEST aspects, not the ones that depress them. Clutter makes rooms look darker and smaller (sometimes gloomier), and it gives the impression that your house lacks storage space to potential buyers. We definitely don’t want that since storage space makes a big impact. To clear up all the mess, find another space to dump unnecessary stuff, store two or more pieces of furniture, and so on. Do everything you can for a great first impression.

7. Depersonalise

Depersonalization and decluttering go hand in hand. They’re both necessary for prospective buyers to picture themselves in the house. They must be able to picture themselves with their own family photographs on the wall, a toothbrush by the sink, or a book by the bed. Although this could be a good time to get rid of unwanted stuff, you don’t need to get rid of everything. Instead, consider storing it or packing it up for your relocation. Any religious or socially controversial item must be removed/transferred.

Do keep in mind that you don’t need to remove everything—just ensure that your buyer can easily imagine themselves in that space.

8. Target audience

It’s crucial that you determine your true target audience while you work on your marketing plan. Take a good look at your property and try to envision the kind of people or situation that would be the best fit. 

  • If it’s a one-bedroom cottage, located near a bus stop and a mall – then you might want to target senior citizens or retired couples.
  • If it’s a four-bedroom home, with a big garden and a nearby school – then the target group (TG) should be a growing family.

Basically, figure out what fits your mental image about the TG, use all the elements useful for the promotions. Remember to try and narrow down the TG to a specific group – as much as you can.

But stay ahead of the curve and go for a FREE valuation appraisal from the best in Ashburton today. 

9. Staging

The first rule of staging is to keep the property clean and tidy. This should be a no-brainer. However, do a thorough cleaning of everything. Make sure your home’s exterior appeal is ready enough to bring in foot traffic during your open house. Sweep your sidewalks, mow your lawns, pick weeds, and prune your trees at the very least.

Read our blog post on 12 home staging techniques to wow your customers

10. Photography

If you want to market your open house in Ashburton, you don’t exactly need a professional photographer. You can learn how to pick the best angle and click clear photographs of your house by doing some research online. Check Pinterest or a few Instagram accounts, follow hashtags. Taking the right photos that meet the purpose is crucial. Put yourself in your customer’s shoes and then visualise what they want to see and how you can work around it.

Most buyers will assess your house within seconds. They’ll browse through your pictures online and decide whether or not to check it out in person. Hence, you need to create a great first impression with your photographs.

Doing aerial photography using a drone is becoming increasingly popular these days, and it’s an innovative way to display your open house online to prospective buyers from different angles. Your property is going to stand out from the competition. 

11. Flyers or brochures

Despite the popularity of online marketing, a good old flyer still has its place! It’s a great technique for local marketing to let your neighbours know that your house is up for grabs. Some people might actually be interested to look for a new property in your locality but haven’t had the time to start online research. Sometimes, it happens by chance – say, while taking a stroll in the neighbourhood.

You should put the flyers on local community boards, local cafés,  supermarkets,  your office, or you can put them in the property section of your local newspaper.

12. Online advertising

This is your chance to wow your audience by using social media platforms. Use those images, cook up a nice caption and voila! You’re ready. There are many paid online advertising options available to reach a wider audience in a shorter span of time.

13. Walking tour

This is gold. Making a ‘video walking tour’ is one of the best ways to sell your house online and truly encourage potential buyers to come and see it. Simply look up ‘Real Estate Walkthrough’ on YouTube for examples on how to execute it. You’ll be able to see how popular they are and get a hang of what to include, emphasize, and what to leave out. You can upload your video on YouTube and then share it on Facebook, Instagram, and other social media platforms.

14. Accessibility

Your house must be available for viewings. In other words, it must be viewed in order to be sold. We suggest trying to be as flexible and accessible as possible. These days, everyone has their own unique schedule, working hours, and extracurricular activities. 

15. Roadside sign

Finally, the importance of good old ‘roadside signs’ as an advertising tool can never be understated. They’re still in use by top real estate agents because they always work. Everyone understands what it means to see a road sign outside your home, so if they’re looking for a home in the neighbourhood, they’ll notice yours is up for sale.
We hope that these 15 trial-and-tested tips will help you quick-sell your property. Meanwhile, if you need to speak one-on-one with our experts please feel free to get in touch with us.

12 Ashburton Home Staging Techniques to Wow Your Potential Buyers

Real estate agents in Ashburton are BIG on the importance of staging a house for a quick sale. So we thought, maybe it’s time to share a few tips and tricks that have worked wonders for our old clients.

Staging is done to highlight a home’s finest features, wow the potential buyers, and quicken the selling process for the best possible price. Since not all sellers work on home staging (especially those in the lower price bracket), you will have an edge over the rest—if you walk the extra mile and stage yours. Here’s how you can do it.

What Is Staging?

Before we delve into the topic of discussion here, let’s understand what staging means, for those of you who don’t really know about it.

Staging is equal to the ‘visual merchandising’ process, as it incorporates some of the basic principles of interior design. The goal of staging is to highlight the property while being subtle, similar to how you dress without bringing too much attention to what you’re wearing.

Good staging allows buyers to visualise themselves in the house, highlight its positive characteristics while masking its drawbacks. It also transforms odd places into useful spaces, creates an atmosphere (stagers refer to this as “emotional” staging), and improves the home’s visual appearance.

Why Is Home Staging Important?

Listen, you don’t want to compromise for a lower selling price, do you? Or spend more time marketing when you can spend it wisely on more profitable activities.  In terms of both time, effort, and money, staging is one of the most profitable tasks you can do to curb such issues. It allows you to market the property without actively doing so.

Potential buyers are searching for more than just a place to live in. Today’s buying decision is influenced by the buyer’s personal experience while imagining or owning property.   Clients want to upgrade their lifestyle and staging helps a buyer’s purchasing decision since the purchase is now more emotionally driven. They can now imagine their lives inside a potential home, and through staging, you can also justify a higher selling price.

Point to be noted: Home staging is also important because prospective buyers don’t want to work on the house after they move in. If they like the house, but it needs WORK, then they will subtract that expense from the asking price. If they find too many issues, they will probably reject the whole offer. So, take this process seriously!

12 Home staging tips

A report from a recent NAR (National Association of Realtors) survey suggests that the topmost staged areas are:

  • The living room (93%),
  • The kitchen (84%),
  • The owner’s bedroom (78%) and
  • The dining room (72%).

Of course, needless to say, the staging you can do depends on the time, money, and other resources available. We’ve listed a few very easy-to-do, yet affordable solutions to help you with staging before an open house. Give it a read, and choose the ones that you feel most comfortable about.

1. Make sure your house is CLEAN

This has been the #1 option in the bible of home staging. A spotless house is a sign of great care. It shows you are putting effort and care about what your buyer thinks, and trust me your buyer will ‘know’. Cleaning the whole house, from the ground floor to the attic (or top floor) – and everything in between – is always a good call, and might be the secret code to your buyer’s heart.

Tips:

Similarly, make sure the bathrooms smell nice and look fresh, from the deep corners behind the jacuzzi (should there be),  the sink drain, to the stubborn unreachable areas behind the toilet – places where people don’t usually care to look.  Your GOAL should be to make everything seem fresh and new.

2. Declutter

When it comes to clutter, there are two major points to remember. One, clutter draws attention away from the main attractions of your property. The other is that it gives the impression that the house has space issues.

This means that now is the time to pack up and store the items you don’t use on a regular basis (such as knick-knacks, board games, papers, seasonal clothes, etc). It’s also a good time to get rid of stuff that you don’t need anymore, like expired food products, outgrown clothes, kids’ toys, etc.

3. Depersonalizing your home

You’d want your buyers to feel at home while they’re visiting your open home  in Ashburton. So, it’s best that you reduce signs, symbols (pictures) that speak more about you, and less about them – like, removing any family photographs, heirlooms, and refrigerator art so buyers can easily use their own imagination, freely.

Hide as many clothes as you can, make sure the bathroom counters are clear (except for hand soap of course). Hide anything that’s very personal to you or indicative of the present occupants.

4. Exuding the feel of freshness

Keeping a few potted plants inside your home can instantly change the whole vibe of the place, making it look much more welcoming. If you already have a good number of indoor plants in your house, make sure you maintain a decent number in each room, so that no area looks crowded or overdone. Of course, dead and dying plants are a strict no-no! If anything, they’ll take away the charm.

Getting rid of odours is another great way of making your house feel fresh. For example, odours of pets, children’s mess, last night’s food, a wet bathroom, and a few other factors that might be the cause of a foul odour in your house.

Baking cinnamon-coated apples or fresh cookies in the oven (make sure not to burn them) or lighting vanilla-scented candles are amazing yet inexpensive ways to get rid of odours and seduce your buyer’s attention.

Get rid of the sink odour. Simply wipe it down with half a lemon.

While you might think that deodorising your house with an air freshener is a good idea, we recommend against it since it can trigger allergic reactions or asthma in some people. If you’re a regular indoor smoker, try to smoke outdoors for some time, and take extra precautions to get rid of the smoke smell. Last but not the least, remember to take out the garbage.

5. Try to define each room (and space)

Try to find or give purpose to unused or under-utilised spaces. Make sure that each room’s area, too, can be utilised. This will show buyers how to make the most of your home’s space. For example: make an office out of your attic, if you have one. A junk room can be converted into a guest bedroom, and the basement can be turned into an entertainment zone.

Even if the buyer does not intend to utilise the room for the same purpose, it will help them to understand that every square foot of the house is a useable space. Adding to the list: Alcoves, window seats, corners, breakfast nooks, and similar spaces can really fill up a special purpose or enhance your home’s aesthetics. 

6. Paint and wallpaper

It’s quite likely that buyers will not be on the same page with you when it comes to your wall paint/wallpaper. The best thing you can do is get rid of them and repaint the walls with neutral colours. Make sure you don’t paint on top of the wallpaper- it’s so tacky! It’ll also give them the impression that they’ll have more work to do later.

Custom colours might give the same impression. For example, you’re in love with the orange in your bathroom, but your buyer might think it’s not right for them. Everyone has their own taste, which is very unique and very personal to them.

Colouring walls white is a smart move since they provide a blank canvas for buyers to imagine their own décor and provide some starting point. Or, you can simply paint your house with warm, neutral colours.

7. Floor coverings

Good quality flooring ups the aesthetical value of the whole house. That’s what good flooring can do to a buyer’s mind. See, no one wants to live in a house with a filthy, discoloured carpet.

Linoleum is a common option, but also old and quite unappealing these days. Whereas, hardwood flooring, even though they’re a bit pricey and timeless,  enhances the value and beauty of a property. They’re also:

  • low maintenance,
  • come with high long-term benefits, and
  • are perfectly suitable for people with allergies (dust mostly)

In case your buyer doesn’t want it, they can simply put a carpet over that and save those for the future owner. If you’re going to install hardwood flooring, concentrate on common spaces like the living room, dining room, and kitchen.

You should also consider upgrading the bathrooms, because they use less floor space, and are less costly to renovate. If you can afford it, choose ceramic tiles or stone floors in the kitchen and bathroom. If not, high-quality vinyl tiles that look like these costly materials can be used instead.

8. Lighting

Make the most of the natural daylight in your house. When showing your house, keep the drapes and blinds open.

Fixtures can be included as necessary. Also, make sure that all the lights are switched on during your open house in Ashburton (including the ones in your closet). These techniques will make your property stand out from the crowd and give out a more happy and welcoming vibe.

Make sure your fixtures are in good shape, and they’re dirt and dust-free (it’s a must). Or else, replacing old, outdated or broken light fixtures is a simple and affordable option.

9. Furniture

Good furniture is always a great way to play with different spaces at home. All it needs is to be in the right size and right place. For example, you should place a large piece of furniture in a spacious and airy room, eg., the living room, whereas medium or small-sized furniture, can be a perfect match near the dining table.

If you’re thinking of replacing the current ones, you don’t need to spend too much on new furniture. If you want you can also rent it for staging purposes only. In any case, make sure every piece of furniture in the house is neat, clean, and welcoming. Add a few throw pillows to offer contrast and a splash of colour to the room. The seating area can be arranged and turned into a pleasant conversation space, too.

10. Ceilings and walls

First off, cracks in the walls and ceilings are a big concern for buyers as it signals foundation issues. In case your property does have foundation problems, you must let the buyers know about it, although fixing the issue would be a better call before an open house at your Ashburton home.

However, if the foundation only looks bad but has been approved by a house inspector, then fix the gaps so that you don’t freak out potential buyers.

11. What about the outdoors?

Have you ever crossed a beautiful lawn and immediately wondered, “Wow! This house looks amazing! Whose house is that??” Imagine, people in Ashburton are wondering the same about your open house – a very effective tool to ensure more foot traffic. Right?

So, make sure that your grass, bushes, and other plants in the yard are all properly pruned and/or trimmed. Also, make sure to pull out any weeds and keep your grass nicely trimmed. 

If your windows don’t need any more lighting, then try installing flower boxes. You can also power-wash the exterior, the driveway, the path leading to your home, etc. It’s great for revamping the exterior but less on labour and price too. You can also put fresh doormats in the front and rear doors, clear the pool (if you have one), include a deck or patio with an outdoor future.

12. Final touches

Make the most of your open house in Ashburton with these last-minute additions. Don’t forget to include fresh flowers in vases, keep the windows open (or, at least open them for 10 minutes to let the fresh breeze flow in), light a few aroma candles (like lavender ), and maybe replace the current toiletries with fresh ones in the bathroom.
We hope that this blog post has filled you up with useful tips for your open house in Ashburton. If you want to add some more points or speak to our experts, feel free to get in touch with us.

The ultimate guide to buying bare land in Canterbury

Bigger dreams need bigger (but detailed & meticulous) planning. The same applies to someone who’s planning to build a new house from scratch – one cannot afford to leave loose ends!

If you’re looking for a new land then this blog will help you – not find one – but guide you through the nitty-gritty. RealEstateNewZealand are problem-solvers when it comes to finding the right house for you.

But, if what you’re looking for right now is something more ambitious – like building your own place, from scratch (first of, kudos to that!) then this is the blog you need right now!

The First Step!

The first step is to get a hold of the Canterbury bare land. Get in touch with us and we will make sure you get what you want!

In the meantime, you can start by doing some research. When it comes to finding new land you need to see if that land suits your needs. We recommend that you find answers to the following 6 tips.

(But if you wish to skip this and fast forward to the next steps you can simply get in touch with us).

Top 6 Tips For Finding The Right Section

1. Take Note Of The Location:

This means you need to choose the right locality (neighbourhood), the one that suits you the best. Keep in mind the following points that’ll provide a bit of edge to your research, such as:

  • How far it is from your workplace
  • How far it is from the school (if you have children)
  • How safe is the area for a family

What’ll make a location successful for you is how perfect it is for you, especially in the long run.

2. Pay Attention To Its Orientation:

That is, know which way does the section face?

How much sunlight will it receive? 

Will it be possible for the house to make the most of the sunny spots?

3. How Big Is The Section?

Is it big enough to fit in your dreams completely and effortlessly?

Make sure your dream home will fit in comfortably on the section, and yet leave enough room for other activities such as a garden, kid’s playing zone, swimming pool, etc.

4. Research The Technical Aspects:

This means checking soil stability, slope elevation, and architectural guidelines, among other things. It’s important to understand the geography, geology and composition of the ground on which the house will be erected.

Make sure you obtain a geotechnical assessment determining the construction, which will help you understand the site’s condition, determine foundation requirements, and help you estimate what kind of changes you’ll need to make to your design or budget before the construction begins.

5. Choose something within your financial ability.

Make sure that you don’t lose sleep over the finances. Don’t buy the land if it’s above your budget. It’s that simple! There’s no point in overspending – reducing your total budget to the point where you can’t finish the project.

6. Services That Can Be Installed

In today’s tech era, it’s mandatory that you take care of this bit. Find out whether water, electricity, internet, and phone services are available at the property line, and how much cost will it incur to install them.

Also, don’t forget to check for trash collection & recycling services as well.

The Process Of Land Subdivision In Christchurch

While some people might prefer to just purchase a bare section in Canterbury, others might want to subdivide an existing piece of land.

[“Subdividing” is the process of separating a big plot of land into smaller plots – all of which the owner will have complete ownership over until they’ve been sold.]

Although this investment method has a number of advantages, it’s essential to keep in mind that if you’re unprepared, the procedure will become time-consuming & expensive.

The management of subdivisions in each area comes under the purview of territorial authorities (a.k.a Councils), who prepare district plans and evaluate each and every individual subdivision consent application. Although subdivision in Christchurch is very simple, it is advised that you get the help of a qualified and experienced expert to ensure everything goes well.

Stages Of Land Subdivision In NZ

There are 5 basic stages to subdividing land in NZ, these are:

Stage 1: Consent

The first step in subdividing is to get permission from the local government, which will then give you precise criteria for approval. This may include items like covenants and access.

Stage 2: Approval

You’ll need to submit your designs to a professional surveyor for final approval. You’ll also need your lawyer or a conveyancing company to prepare the necessary legal papers.

Stage 3: Certification

The territorial authority must accept the survey plan, and all of the subdivision consent’s requirements must be met, according to certification filed with the Register-General of Land.

Stage 4: Approval by LINZ

The survey plan and any legal title papers must be submitted to Land Information New Zealand for approval.

Stage 5: Certificate of Title

Individual certificates of title are given for each new piece of land specified on the survey plan, and the old title on the land is revoked.

3 Benefits Of Land Subdivision

What’s the purpose of subdividing? Subdividing allows many landowners to use part or all of the subdivided plots to help pay for their new construction. Other advantages of subdividing include:

1. Higher Chances Of Earning

The financial benefits are the main and most apparent benefit in this case. The amount of money you can earn depends entirely on the space you own and its value. It’s typically a dependable source of income – whether you sell the subdivided land completely or simply utilise it for property development.

2. Smaller Plots Are Easier To Market

The smaller the plots the higher its chances of marketability. You can generate positive returns, in a shorter period of time.

3. Great Adaptability

You have the option of selling the piece of land for some instant cash, renting it out, or just holding onto it for future profits (when the value of the land increases).

Land subdivisions are a lucrative opportunity, here in Christchurch and Canterbury area, but to manage them you need the right skill sets. need skills to manage also requires some skill to manage that or bag the right one.

If you’re looking for care land for sale in Canterbury or affordable sections in NZ for investment, you should speak to our specialists right away! Give us a call on 03 308 6173 to book an appointment.

Moving To Ashburton? Here are 9 Things you Need to Try!

Got a new job in Ashburton, or just rediscovering post-retirement life away from the big city? Either way, Ashburton is the perfect place to discover the quintessence of a rural charm coupled with the hustle & bustle of a busy town.

Ashburton is also called “New Zealand’s very own Granary”. It’s a little over an hour’s journey from Christchurch. It also houses some of the most fascinating retail spaces, beautiful parks, lakes, and even skydiving options.

Here is a list of 9 fun things to look forward to for your new life in Ashburton.

1. Lake Hood

Located on the outskirts of Ashburton, Lake Hood is the go-to spot for the Ashburtans. Swimming, boating, sailing, and waterskiing are among the coolest activities for your weekend treats! If not, your new comfort zones await you at a lakefront cafe.

Find out more about Lake Hood.

2. The Ashburton Domain

Explore Ashburton Domain’s gardens, lakes, and sports grounds. There’s always something going on in here, such as sports events, weddings, community soirees & more! Take a walk and discover the beautiful concoction of native & exotic plants. Connect with your inner child while you feed the ducks. Soak in and absorb the peacefulness & beauty of the scenery.

Find out more about The Ashburton Domain.

3. The Ashburton Art Gallery and Heritage Centre

It’s a well-appointed, modern-day facility that upholds Ashburton’s rich history & present-day culture. The Ashburton Art Gallery & Heritage Centre has an ensemble of artistic displays that hosts permanent & temporary art exhibits. It also has its own museum, displaying a range of ancient relics from the district’s history.

Find out more about The Ashburton Art Gallery and Heritage Centre

4. Ashburton’s Aviation Museum

A museum with a touch of unique history since it showcases the town’s significant role in WWII. You will find more than 20 planes on display, including many vintage warplanes, including the magnificent Falklands Vet GR3 Harrier Jump Jet. The museum opens from Wednesday to Saturday and charges a nominal fee at the entrance. 

Find out more about The Ashburton Aviation Museum

5. Retail Therapy at Ashford Village

If you’re searching for a one-of-a-kind shopping experience, Ashford Village is the place to be! It’s a great place where you’ll find everything you need to stock up on your daily necessities.

This unique retail hub is built around a historic mill house surrounded by beautiful gardens. You will find many small craft & gift stores, a café and other essential services. There’s also an antique spinning wheel and loom on the exhibit.

Find out more about Ashford Village

6. Indulge Yourself with a Trip to a Local Cafe or Bar

If you love caffeine then you can treat yourself to a cup of hot freshly-brewed coffee! Ashburton has some of the nicest cafes to satisfy your caffeine fix.

From a relaxing cup at Cafe Time to a crisp New Zealand-brewed pint at Speight’s Ale House, there’s something available to suit every mood and taste.

7. The EA Networks Centre

This neighbourhood’s famous swimming pool is more than just a place to burn some extra calories. It’s where one can discover innovative ways to have a great time in the water.

There are many pools, a jacuzzi, and a steam room at this modern-day aquatic centre. Enjoy the relaxing temperatures of the hydrotherapy pool, take a ride at the lazy river in the leisure pool, play with your kids in the toddler pool, and dry your swimming costumes the “swimwear spinners” in the changing rooms!

Find out more about EA Networks Centre

8. Trotts Garden

Trotts Garden is one of the most magnificent places with the country’s largest privately-owned gardens. There are three hectares of woodland areas, a formal garden, water gardens, a specialised nursery, ancient stables, and a church on the property.

It is open from mid-September to mid-May from Monday to Saturday from 9 am to 4:30 pm.

Find out more about Trotts Garden

9. SkyDiving Kiwis

Get ready to experience a thrill like never before as a tandem skydiving adventure awaits you. This is the best place to get an adrenaline rush in the midst of Canterbury’s beautiful landscape.

Find out more about Skydiving Kiwis

Come and experience the quintessence that is Ashburton.

Need help with purchasing or renting a house in Ashburton? Give the friendly team at Real Estate New Zealand a call on 03 308 6173.

When is the best time of year to buy a house in Ashburton?

It’s given that we all need to adapt ourselves to the change of seasons. But did you know that seasons can affect how and where you live?

So, when is the best time of the year to buy a house in Ashburton, New Zealand? Spring, Summer, Winter, Autumn – each of these seasons affects the buying pattern and can provide useful information for those either selling their home or looking at homes for sale in Ashburton, Christchurch or anywhere else in New Zealand. 

RealEstateNewZealand is here to help you understand how you can make the most of each season when purchasing a home or thinking of doing so. Let’s dive right in!

Buying a home in Spring

The spring’s sunny days thaw out the effects of chilly winters. We realtors joke about how the spring seems to thaw out the property markets too. The real estate market begins to flourish, owing to an increase in property listings, resulting in more open houses throughout the country. 

The higher the number of open houses, the stiffer the competition among potential buyers for a new home. So, you need to act quickly! It’s safe to say that the spring season opens the floodgates of home buyers scrambling to search for the perfect home in town.

Buying a home during Summer

Summers in New Zealand usher the blooming of new flowers all around the city. When the sun’s out, summer’s the perfect time to put houses up for sale in the country. Research shows that summer houses with well-maintained gardens are in higher demand than the ones with unkempt gardens.

During the spring season, the competition is higher for buyers since a lot of buyers are racing to snap up the best deals before the holiday season. This is in comparison to the summer season when you can relax a little and take your own sweet time house-hunting before landing the perfect one.

Pro-tip: Don’t get too invested in a house just because it looks amazing. In summer everything looks great when the sun’s out. Take a good look at the place and take note of the following:

  • What it can be like to live there during winters
  • Which way is the house facing?
  • Will it receive enough sunlight during the day?
  • Will it be dark, grimy or moist during winters?
  • Is there a chance of dampness in certain parts of the house?

Do your own research, talk to the neighbours if you want, and then make a call.

Buying a home in Autumn

Although the summer months are most popular for selling properties, buyers and sellers can both still benefit from listing during the colder months.

As the summer rush subsides, there’s a pretty good chance that remaining buyers will face less competition and reduced pricing. Sellers who haven’t sold because of inflated asking prices will be compelled to adjust their expectations.

For sellers with high-quality properties, selling outside of the spring/summer rush might help their property stand out in a less congested market.

Buying a house in Winter

Winters are important for serious buyers since the damp and dry weather is typically slow, with fewer buyers checking out open houses. The biggest advantage here is that one can conveniently assess the year-round liveability of a house, based on key factors such as –

  • how much natural light does it get
  • the state of insulation & heating
  • the degree of dampness during extreme weather, etc.

The slower market also pushes some realtors to put better offers in the market with much more favourable terms and conditions.

Buy then sell, or sell first and then buy: which one is the best option?

Both have their own pros and cons to consider:

Buying first

Buying a home first before you sell your existing one gives you ample time to figure out which one is best (home) for you, without you having to worry about settlement dates drawing closer. During this time, you can assess all your options and choose the one that suits your lifestyle and needs.

The only downside to this option is the financing. To pay for your new house you’ll need to apply for a bridging loan.

What is a bridging loan?

Most lenders provide this kind of loan to help you pay the cost of your new house while you sell the old one. It’s typically an interest-only loan with a variable rate since a short-term loan usually spans only 12 months.

Bridging loans come with its own set of risks. Here are some of them:

  • You will pay more interest if you wait longer to sell your property. Keep in mind that variable rates are higher than set rates.
  • If you’re getting poorer deals, you will not be able to repay the loan. This may have severe financial repercussions for you.
  • If you don’t sell your house fast enough, you’ll be stuck paying two mortgages – another source of financial stress.

Selling your house first

Selling your house first, on the other hand, would be less stressful and provide you with a clear picture of your financial position. On the plus side, you’ll have a clearer budget in your head.

On the downside, selling your home will place a tight deadline and pressure you to look for a new property. You may feel pressured to make an offer on a house before you’re completely certain it’s the one, as settlement day approaches.

However, you can help avoid this by ensuring a longer settlement period, unless you have another place to stay. Also remember – if this is the case, you’ll have to factor in the expenses of relocating your things twice or paying for storage.

Keep looking

As you can see, there are many factors to consider when determining the best time of year to buy or sell a house in Ashburton It’s also important to remember that many external factors influence the real estate market, including the condition of the economy, mortgage interest rates, and local supply and demand. As a result, make sure you conduct a lot of research before making a final decision. That means taking the time to evaluate the many home loans accessible to you, which is something that we can assist you with.

For help in buying or selling a house in Ashburton, get in touch with the team at Real Estate new Zealand.