September 2016 - Property Women

Monthly Archives: September 2016

property investing

Property Investing is a little like having a Baby!

In celebration of the birth of my new baby niece I have to share with you this thought. Okay, it is a little kooky/controversial but…

Property investing is a little like having a baby.

There, I said it and my sister-in-law who delivered in the hall outside the maternity ward is probably thinking I am a little crazy about now.

So just humour me a little.

The top 5 reasons (Jo believes) property investing is like having a baby….

1. Everyone has an opinion:

E.V.E.R.Y.O.N.E knows how you should calm your baby, or bring on labour, or what school is best or why you should introduce solids early or late…

In the same light, just attend any gathering of grown-ups and mention you are looking to invest in a house/villa/sub-division and you will have 48 different opinions, mostly fear and doom.

2. It is never the right time:

Having a baby is a big step in any relationship. There are many reasons to postpone reducing the household income by half and then adding a cost to the mix. You can postpone investing in property also for many reasons – logical or irrational. Your future self will thank you for starting – over analysis paralysis anyone?

3. It is expensive:

Property can start to bring you a financial ROI from the beginning.

You might need to wait 8 plus years before your little cherub starts to take out the bins or unstack a dishwasher.

Then there is the 300k-lifetime estimate to raise just one child.

Kids can also be very motivating – the more you have, the richer you need to be, having property helps!

4. It hurts:

No matter what exit strategy junior takes….it hurts… if not during (thanks modern medicine) then there will be some post ouch moments.

It is a pain with a reward, so is property investing, but it can be super stressful.

It can cause anguish, uncertainty and dig up a lot of unwanted self-doubt.

Be prepared – you will feel smug joy eventually!

5. You feel euphoric:

Whether you are a Mum or an Aunty or a Godmother or just like babies.

There is something about a baby that makes people smile. Holding your newborn is a huge heart melt for most new Mums regardless of all the other bits.

When you buy a property and it finally settles, you feel great! You get a tenant, you feel great, you renovate it, you feel great, it goes up in value by $280,000 in 2 years…get my point, see I am not mad!

declutter; airbnb

Declutter your Life

September is renowned for being about ‘Spring cleaning’. Traditionally this concept was after an intense Winter hibernation which most Australians don’t truly experience.
There is just something about this season that is energising and having blocked spaces in your life can be clinically unhealthy and impact your mood, relationships and motivation.

Decluttering seems to be a term we use frequently these days. It is growing in its use because we accumulate so much STUFF!
People find it really difficult to part with sentimental items. 21st and Wedding gifts, inherited items, your children’s artwork or a great shirt from Led Zeppelins 1973 Australian Tour (…am so referencing my Dad here).

It does begin to become a burden and we increasingly require more storage and the ability to move freely evaporates.
We shut a door on the mess but the mess is still there. We chuck paperwork in a drawer but taxes still need to be done.

I was forced to declutter on a major scale before I started to short-term let my principle home.
I went crazy, it wasn’t easy but not a single item I removed comes to mind right now with any sentimental pangs.

To make decluttering easier I wrote out a list and stuck it where I could reference it – it might sound a little crazy but it went like this:
• Will I miss this item?
• Could it be replaced if needed?
• Does it add to my life?
• Does it enrich my life?
I even took photos of some cute baby clothes I had, then I bagged them up and gave them to charity. I was able to move some things from a dearly departed relative by thinking to myself – would they really want me to cart this item around for the rest of life? Was that the intent of the gift? No….

Super proud of my sporty hubby who had a HUGE amount of trophies from his track and field/soccer playing days. He tooks pics of them and moved them along.
CD’s and DVD’s – welcome to the digital age. We filled nearly 3 recycling bins of CD cases!

The benefits of decluttering are many but my highlights are:
• Everything looks better when it has a place and purpose
• You feel lighter….truly, you are weighed down by the clutter and accrued junk in your home and that one room/shed/garage/cupboard begins to erode your happiness
• You can make money from selling your stuff – Gumtree, Ebay and plenty of Facebook groups allow you to move unwanted items quickly
• If it doesn’t sell give it away for free or ensure the quality stuff finds its way to a charity in need
• Paperwork, sort it, file it, shred it or contact your bill provider and request email statements
• Use your good towels and good glasses – if it is feral – you don’t deserve that, use the good stuff!
Once decluttered you have choices. What a great opportunity to freshen up your living space with new paint/flooring, what about getting a valuation done on your property.
You could be sitting on a pile of equity you couldn’t have imagined.

When your house looks good, you feel great, it reflects in your day-to-day performances and people will notice.
Then the thought of short-term renting is not too crazy or daunting anymore.

Happy September,
Jo

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