Equity

How To Make Your Home More Liveable

As cost of living becomes the greatest barrier into home ownership, Cecille Weldon explores how to make your home more liveable and valuable in the real estate market. Plus, what to look for if you're on the other side.

By Cecille Weldon

Equity

As cost of living becomes the greatest barrier into home ownership, Cecille Weldon explores how to make your home more liveable and valuable in the real estate market. Plus, what to look for if you're on the other side.

By Cecille Weldon

Home is where the heart is but it’s also the space where we live out our lives. If you’re renting you’re likely to be planning, pondering or dreaming about owning a property someday or maybe just wishing you could stay in the one place longer. If you’re an owner, well, you know you need to keep adding value to your property to maintain its value in the marketplace. You’re probably considering renovating or upgrading or downsizing or simplifying or expanding your property portfolio. If you’re an investor, you probably want things to tick over without too much fuss.

If you’re lucky enough to be inside, not outside, the white picket fence, then property ownership represents one of the biggest purchases you’re ever going to make. It’s also your nest egg, your big achievement, your excitement, your worry and your back-up plan. In this sense everyone who owns a property is an investor. Australian households hold more than half of their wealth in residential land and dwellings, and Australian banks have more than 60 per cent of their balance sheet assets dedicated to housing.

 

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