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How do you capitalise on your rising home value ?


Parley

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Can any real estate gurus tell me how you capture the value if your home has gone up in value ?

 

Is the only way to move to a cheaper suburb further out of the city ?

 

Down size? if you can. we have just done that, same area, same size block still a 4 bed home but low set not two storey and all the rooms generally smaller. So now buying in UK so have somewhere to stay for our longer visits when retired.

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Can any real estate gurus tell me how you capture the value if your home has gone up in value ?

 

Is the only way to move to a cheaper suburb further out of the city ?

 

The value hasn't increased. The price has been inflated. Imagine you had a cow. If your cow had a calf, you could sell the calf, you still have a cow. But if cows suddenly became the in thing to have and doubled in value, it does you no good. It would do you harm if you needed to replace your cow. Now, if you had a herd of cows and only needed one...

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I could probably sell my house move 10 km further out and buy 2 houses.

1 to live in and 1 investment property to rent.

 

But the benefit of staying in my place is if it keeps going up in value that is CGT free.

But you have to sell to get the benefit of the increase.

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..........look for something you like as much.........for as little as you can...!

..........IMO it's not easy finding anything for less as you have to accept doing without things you've got used to....!

..........easier if the home your in is too big.......but if moving just to free up money...

..........what are you prepared to do without...?

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I could probably sell my house move 10 km further out and buy 2 houses.

1 to live in and 1 investment property to rent.

 

But the benefit of staying in my place is if it keeps going up in value that is CGT free.

But you have to sell to get the benefit of the increase.

So does all the other houses, yours goes up and so does the houses you want to buy.....just stay in your shed mate.

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Smaller houses seem to fetch just as much and more than the bigger ones round here for some reason- guess they are easier to look after. Our house seems to have quadrupled in value since 1992 when we moved here. Our previous house, however, has gone up about 6 or 7 times what we got for it because it is a bit closer to the freeway. Just really feel for those without a toehold in the market.

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Smaller houses seem to fetch just as much and more than the bigger ones round here for some reason- guess they are easier to look after. Our house seems to have quadrupled in value since 1992 when we moved here. Our previous house, however, has gone up about 6 or 7 times what we got for it because it is a bit closer to the freeway. Just really feel for those without a toehold in the market.

to the individual the price of your home means nothing as all the other houses you might want to buy bare also going up. In fact if you want to buy a better house you are losing out.

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I could probably sell my house move 10 km further out and buy 2 houses.

1 to live in and 1 investment property to rent.

 

But the benefit of staying in my place is if it keeps going up in value that is CGT free.

But you have to sell to get the benefit of the increase.

 

The saddest thing I see on my travels all over the u.k ,is seeing elderly people rattling around in houses that are way too big for them .

4 or 5 bedrooms they don't need .

Extensive garden to be kept ...roofs and internals to be maintained.

Sod that ....we had a place earmarked ...a gentlemans agreement for 3 years time ....that has been brought forward ,as the sellers are going now .

Phase 3 ( if it is a phase ) starts soon ....

We have brought the kids up ,took them around the world ...given them great schooling in a decent area ..SOON IT WILL BE OUR TURN ,and ee are in the right place to do it ...europe .

Although you could spend every elderly weekend seeing stuff in the u.k .

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no. I agree i would never do a reverse mortgage.

The only thing would be to sell, and either rent for a while or buy something smaller.

you sell your house and in 5 years it will be worth a lot more....your smaller house will n ot rise at the same rate so your assets are considerably less.

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I could probably sell my house move 10 km further out and buy 2 houses.

1 to live in and 1 investment property to rent.

 

The problem is the $40k or so you'd have to pay the real estate agent then the two lots of stamp duty to buy the new properties.

I'm looking at Purple Bricks at the moment. Real estate agent fees of $4-5k seem too good to be true. Anyone used them in the UK?

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Another thing that is a worry is the neighbours- you really don't know much about them and whether they are noisy etc until you have moved. We have very quiet neighbours and hardly ever see any of them( a lot of trees and fairly big blocks) plus, being a narrow cul-de-sac no burglars in all the years we have lived here.

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The problem is the $40k or so you'd have to pay the real estate agent then the two lots of stamp duty to buy the new properties.

I'm looking at Purple Bricks at the moment. Real estate agent fees of $4-5k seem too good to be true. Anyone used them in the UK?

 

People seem to be unrealistic with the price. Apart from that, do estate agents actually do anything?

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The problem is the $40k or so you'd have to pay the real estate agent then the two lots of stamp duty to buy the new properties.

I'm looking at Purple Bricks at the moment. Real estate agent fees of $4-5k seem too good to be true. Anyone used them in the UK?

 

40k for the real estate agent, why would it cost that much ?

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