Vertical communities – the new way of living the high life

You may have noticed lots of new developments popping up all around Canberra. Either under construction or ready for launch, these much-anticipated developments are changing the way we live.

No, they are not James Packers newest Casino’s.

Nor more Westfield shopping centres.

They are the newly designed apartment buildings that are bringing more to the high life.

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Tenant responsibilities 101

Bob lives in a beautiful rental property in Canberra’s north. He has been in the property for just over 7 months and has never had an issue. Recently, Bob spotted a teeny tiny mouse running past his kitchen bench. Shocked and a little disgusted, Bob jumped on a chair and asked himself, “who is supposed to handle this situation?”.

Just like Bob, there are many tenants who are still confused about their tenancy responsibilities— especially tenants who are new to the ACT or first-time renters who don’t know what to expect. Most of these responsibilities are common across the board, however, sometimes there are additional tasks due to the type of property or tenancy agreement terms. For example, if the house has a precious hedge that the owner adores, it may be in your rental agreement that you look after it. Or if the house has a pool, you will need to ensure it doesn’t turn green—who would want a green pool anyway?

A tenant who doesn’t meet their responsibilities risks breaching their tenancy agreement; this can result in being issued a notice to remedy or even eviction.

On the other hand, if you look after your rental properly, it will show the owner that you care about their property and will help to create a respectful relationship between you both. It will also reflect well on your rental history, so the next time you apply for a rental property, your property manager will reference that you adhered to your responsibilities as a tenant.

ACT Real Estate Institute Residential Property Manager of the Year, Renee Bink, gives us the low down of the most common responsibilities that you may not be aware of.

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24 Hours in the Life of a Strata Manager

Strata management is just like a stage play—a lot of behind the scenes work to produce an enjoyable and seamless client experience.

While we may see them walking around the property, taking photos and talking to building managers and executive committees (ECs), many people still don’t fully understand exactly what strata managers do.

We asked Teagan Brissett, Strata Manager at Independent Property Group to share 24 hours with us to see what really happens behind the curtain.

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Hidden added value that you didn’t know about

 

Life is full of unexpected surprises. The moment you bite into an unidentified filled doughnut and taste that sweet strawberry jam. A remake of your all-time favourite show announced—hurry up Seinfeld. Or when you realise you have leftover money on a gift card.

Here at Perspective, all these prospects are very exciting and there’s one other that gets us jumping: when you realise there are hidden gems around you that add value to your home.

Yes, we all know that a fresh coat of paint, updating the bathroom, repairing small damages and even professional styling can boost your property’s worth. However, you may be able to achieve a higher price without lifting a finger.

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How agents help price your property correctly

You’re thinking about putting your home on the market. The place you worked so hard for. The house you raised your kids in. The home that holds so many memories. Chances are, it’s one of your most important assets and you’re wrestling with the emotion of pricing such a valuable commodity.

According to a recent survey, most sellers have unrealistic price expectations. The data showed 92% of agents believed that vendors price expectations are too high when selling. This was supported by the number of sellers (36%) who had expectations of up to $50,000 above the market price. In addition, 55% of agents agreed that the homeowner’s expectations are above market price expectations by $50,000 or more.

Here at Perspective, we know you love your house—that killer kitchen, the beautiful swimming pool and all those sentimental memories. But we also know what happens when you price a property too high.

Sales Consultant, Adrian Stroh, says the price of your property can make or break your success. “If you decide to price your home too high, it may take longer to sell. The longer it’s on the market, the more doubt you’ll create about whether there’s something wrong with your home. A high price can also help sell other properties around you in comparison—buyers may think they’re snapping up a bargain.”

So how do you set a reasonable price on something that has so much value to you? Adrian believes it’s all about doing your research and getting a second opinion. “I suggest visiting open homes, viewing current listings online, getting professional advice from a local real estate agent and listening to their feedback about your home,” he says.

Adrian takes us through the ways a professional agent can help you form realistic expectations about the worth of our homes.

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