Broadly defined as a home containing two sets of adult generations, a multi-generational home includes adult children living with parents or grandparents moving into the family home.
For an increasing number of reasons, notably inflated house prices and rising care costs, adapting your house to fit several generations under one roof is proving a popular option for many Australians.
So how can you make your home work for the generations that may be joining you?
There’s no better time than the present to expand your business. The past few months have seen business conditions rise well above the long-run average, according to NAB’s November monthly business report.
Successfully growing your company is all about knowing when to take action. While factors such as improved conditions, increased confidence and better payment times are positive across the board, business owners in Australia should seize the opportunity to expand their companies.
Let’s look at the current business outlook in Australia.
Purchasing a property is a huge financial decision, which is why people should familiarise themselves with the mortgage process and any essential terminology. Unfortunately, recent research has indicated many Australians aren’t as familiar with common home loan terms, as they need to be.
Do you know how split home loans work? Any idea what an offset account is? What about the differences between interest rates and comparison rates?
Getting the best value out of an investment rental is a collaborative effort between the landlord and a great tenant.
To achieve long-term returns on a rental, the property has to last – and that means finding tenants who are willing to look after the home just as much as you are. Paying the rent on time is always important, but beyond that, the best tenants are ones who will take care of the property, respect the neighbours and community, and will rent indefinitely.
So how can you attract a tenant you can trust? It all begins when you’re first buying your rental.