Steve Tovas

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Granny Flat or Second Dwelling

The Granny Flat or Small Spaces Boom.

For those property owners with a large grassy back yard that you just wish you did’t have to mow every weekend or holding a very small parcel of land which you are not sure what the development possibilities may be available, then these income or project ideas maybe your properties redeeming feature.
As for our own clients, two client examples come to mind, as for the grassy back yard, one client just didn’t have the time to mow since he worked more than a 60-hour week and last thing he wanted was to mow the lawn on the weekend, so he built a dual style second dwelling on that piece of lawn. One side was to rent out and the other was his man cave, his office & retreat also, the man cave could be used as a renter as well in the future. 

How to Make Extra Money from your Property.

In our line of work, we get to meet some awesome people and see some awesome ideas plus at the same time, one question we are asked is ideas to maximise the income potential on client’s investment properties.  Apart from renovation and sprucing up your property or properties which is another Blog post for another day, these few ideas provided may assist you to make some extra money from your property by maximising their potential.

Secrets to paying off your mortgage sooner.
A number of websites and financial calculations tend to turn a lot of people off when starting the purchase process since you will get a different borrowing figure from each website therefore some people decide to leave these calculations until the last minute which can lead to a lot of stress and disappointment.  Calculating your capacity to borrow will be different with each lender which a licensed Credit Adviser can prepare these numbers which are not as hard or as daunting as you may initially think.
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Debt consolidation means, to combine some or all of your Unsecured Loans (i.e. Credit Cards, Personal Loans) and Secured Loans (Home Loan, Car loans) amounts that you pay each month into just one loan or a split loan facility. By consolidate your high interest rate loans or debt into a home loan a lower form of interest paid, you are effectively reducing your long term interest repayments and increasing the amount of money available to you at the end of the week, fortnight and month.
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