Warning: Don’t renovate before selling

first_imgMan renovating his property. Picture: Matt ThompsonTHE demand for fixer-uppers in Brisbane is so strong, property experts are warning homeowners about the risk of renovating before they list.SQM Research managing director Louis Christopher said too often people splash too much cash jazzing up their homes for a big sale.“In a downturn, buyers will not value the renovations as much as the homeowner,” Mr Christopher said.“We know the market will penalise over-capitalisation.”Andrew Winter and Neale Whitaker. Picture: Mike BatterhamStar of Foxtel’s new show Love It or List It and design guru Neale Whitaker agrees, adding the decision to sell or renovate a property demanded thought and research.“Be careful about overcapitalising,” Whitaker said.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:45 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenLove It Or List It Australia00:45“Have a look at similar properties that are unrenovated like yours in your area and see what they’re going for – and the type yours would be like after a renovation and what they’re going for.“(Then) work out whether it’s worth doing because, let’s face it, even the most basic renovation is costly.Even the most basic renovations are costly.“But if you are torn, look at the potential resale value of the house as opposed to the property you would be thinking of buying and whether that’s a realistic transaction – and also the value that could be potentially added to your home.”Whitaker said the majority of homeowners who decide to stay and renovate want to create more space.“If they’ve been living somewhere for a long time, they stop realising the potential under their nose but with careful planning they can create the space they need,” he said.“On the show we came across rooms that were completely redundant – one room was completely occupied by a cat – people get used to living a certain way.”Renovations are booming in Brisbane’s inner-ring including Albion, Alderley and the CBD, with building renovations and carpentry the most popular, according to Australia’s largest network of trades professionals, hipages.com.au.The data also showed bathroom and kitchen upgrades were a high priority with homeowners.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoIn the midst of this statewide renovation activity, Brisbane’s property market has slowed in terms of price growth in the last 12 months, outperformed by the stronger Sunshine Coast and Gold Coast property markets.Nerida Conisbee.REA Group chief economist Nerida Conisbee said interstate and offshore buyers were keen on sea change.Data from realestate.com.au shows in the last six months, the most searched suburbs in the sunshine state were located by the water.Surfers Paradise topped the list with more than 213,290 views followed by Buderim (184,640) and Southport (184, 040).“Beaches and jobs are drawcards to those suburbs,” she said.“The lifestyle of these places are attracting people from Brisbane, Sydney, Melbourne and offshore.”Mr Christopher said homeowners could renovate their property on a budget, sell it and upgrade to a better property for themselves.“There are more buyers and freestanding houses in the marketplace,” he said.“I don’t think we are in a market that is going to value one’s renovations all too well.”Mr Christopher said Brisbane’s property market had improved however added “the pendulum is in the middle”.“We are seeing more interstate migrations to Brisbane because of the price difference,” he said.Love It Or List co-host Andrew Winter advised buyers to have realistic expectations when selling their property.“Don’t expect to sell easily,” Winter said. “Never believe that your house will sell for more than market value, it can happen but generally it won’t.”He said to avoid seller’s remorse it was important to hang on to your property if your financial situation allowed.“Keep house number one when you buy number two, however that is not always possible.”Love It Or List It Australia airs on Foxtel Lifestyle on Wednesday, September 27, at 8.30pm AEST.last_img read more

Kyle Lafferty shuns loan move to fight for Norwich spot

first_img That will be quite an achievement, given they were ranked among the fifth seeds and already have 10 more points than they finished with in qualifying for last summer’s World Cup. A home win over Greece next month would guarantee their trip to France, but the talismanic Lafferty will be a spectator having picked up a one-match suspension. Nonetheless, he is bullish about the prospect of a big night in Belfast. “This team does not get beat at Windsor any more. Our heart and determination won’t let any team come here and walk over us,” he said. “Michael O’Neill’s team will not lose at Windsor, especially with the way we have been. “Unfortunately we haven’t crossed the finish line yet but we’re not panicking. All we have to do is go out and win a game and I’m pretty sure we will.” Lafferty’s efforts over the past 12 months have seen him take the mantle long since set down by David Healy – the country’s record goalscorer with 36. Lafferty will be hoping his domestic career does not fizzle out in the way Healy’s did, but he defers to the local hero whenever comparisons are drawn. Healy netted 13 times in Euro 2008 qualifying, still a record, but never reached a European or World Cup finals. “I think there’s only one David Healy, no-one will ever touch what David did for this country,” he said. “But this country has been through enough over the last 30 years and it’s about time we sent them to a tournament.” He joined Turkish side Rizespor for the second half of last season and a knee injury means he has yet to feature at all this term. With Cameron Jerome, Dieumerci Mbokani and Gary Hooper also on the Canaries’ books, the 27-year-old faces a battle to persuade manager Alex Neil but it is one he is ready to embrace. “Every single player in this world wants to play in the Premier League, you just have to look at the players playing in it. I want to play against those players,” he said. “I’m not going to take the easy option and go out on loan to a Championship team, play the long-ball game. I want to play against the best players in the world in the Premier League. “When I was a young boy I sat watching Match of the Day, dreaming of playing there, so I’m not going to throw my hat in now and take that easy option. “I will just go back and work my socks off in training and keep on knocking on the manager’s door. “If he sits me down and says I’m not in his plans, then it’s time for me to make a decision whether I do go out on loan or stay and work even harder to change his mind.” Regardless of how his Norwich career pans out, Lafferty’s efforts in front of goal look likely to take his country to a first major tournament in 30 years. Lafferty is in the form of his life at international level, taking his Euro 2016 qualifying tally to seven in eight matches with the injury-time equaliser against Hungary on Monday night. Only Bayern Munich pair Robert Lewandowski and Thomas Muller have bettered that return for Germany, but while they are key cogs at one of the giants of European football, Lafferty is unsure where he stands at Carrow Road. Northern Ireland hero Kyle Lafferty is ready to fight for his Norwich career and is ready to shun the “easy option” of a loan move. Press Associationlast_img read more

SuperSport Launches New World Cup Shows for DStv, GOtv Subscribers

first_imgDStv and GOtv subscribers will have access to new top-notch shows and more gateways to the glamour of the ongoing FIFA World Cup on SuperSport.The new shows will ensure that DStv and GOtv subscribers do not miss a single action on or off the pitch.Lifestyle magazine show, From Russia with Love will showcase sights and sounds of the World Cup in Russia and transport it back home to Africa. The show, which runs on weekends, will be anchored by Minnie Dlamini, Thato Moeng alongside Nigeria’s Charles Anazodo.There will also be daily one-hour news special on weekdays at 6 am on SuperSport Blitz. The latest fixtures, updates from the Nigerian camp and new stories will be provided by Julia Stuart, Crystal Arnold, Lucas Radebe alongside former Russian league stars, Matthew Booth and Stanton Fredericks. Also on Saturdays at 9am on SuperSport 3, Mozez Praiz will host FanFest, the show that gives fans the voice. Subscribers can also look forward for a 360-degree breakdown of the on-field action on Master Plan, a show that focuses on strategic and tactical analysis. It has former Northern Ireland World Cup player, Andy Townsend, in the driving seat. The broadcast experience is completed by Insights, which is set against the backdrop of different destinations. It is hosted by former Manchester United star, Phil Neville. The show will feature in-depth chats with ex-footballers and focus on tactics, injuries and goals.SuperSport will also deliver the first-ever live-streamed soccer show on Facebook. Called On The Ball, the fan-focused show will tap into the drama of the FIFA World Cup and look at the lighter side of the game.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more