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Home Living : May 18th 2010
2 HLN - HOME LIVING: NORTH, Tuesday, May 18, 2010 Inspect then buy » ADVERTISING FEATUREHOMELIVING Fixing housing faults could further add to mortgage stress, warns Archicentre. The building advisory service of the Australian Institute of Architects says homebuyers flying blind on housing faults could find the unexpected and unbudgeted costs could ultimately become a mortgage buster. Archicentre ACT & NSW state manager Angus Kell said with the average family having to find $300 more a month to meet mortgage repayments after the sixth interest rate rise since October last year, homebuyers need to do their home work before buying a property. ''A homebuyer with an average $300,000 loan will now need to find almost $2000 a month to meet loan repayments,'' he said. ''There is virtually no margin for error for homebuyers. The decision not to carry out a property inspection before purchase can have a major financial and social impact on buyers. ''Often the unbudgeted repairs or maintenance are added to the mortgage, compounding the affordability problem with a $30,000 repair cost turning into $50,000 over the life of a normal loan. ''With many investors and homeowners facing financial difficulty in the current market, the quickie makeover is a popular strategy for a quick sale where expensive structural, wiring or plumbing faults may be superficially covered up.'' Archicentre's pre-purchase property inspection figures show that at least one in three homes sold have problems that are expensive to rectify. This is more so if the faults involve structural, plumbing, electrical, termites or illegal building. Visit: archicentre.com.au Metropolitan Built-in Wardrobes Pty Ltd FREE MEASURE & QUOTE SHOWROOM OPEN 6 DAYS Mon- Fri 8.00am - 4.00pm Sat 8.00am - 12.30pm T: 9763 5899, F: 9763 5877 www.metropolitanwardrobes.com.au Unit 6, 1-15 Wentworth Rd Nth, Homebush (off Bellona Ave) 15 YEARS GUARANTEED 2141582i hln wk39 Lic. 137155c PLANTATION SHUTTERS Plantation Shutters www.sarmax.com.au email: firstname.lastname@example.org Just a few reasons to call Sarmax NOW for your free quote Privacy Noise reduction Ventilation Light control Insulation Low maintenance Cedar or aluminium Basswood Custom made High quality Local family business Save $ - buy direct from the importer Your team that thinks outside the square Call us today 0428 178 997 2039454im 17/1 Wk34 Home Improvement SALE Wholesale Direct Kitchens Bathrooms Doors Laundries Kitchens Bathrooms & Doors Solid timber maple French Doo Crazy! $169 Shower Screens from $375 Taps from $45 30% off Custom Made Kitchens Toilets from $19 5 full ceramic Vanities from $199 4 panel solid timber maple Doors Crazy! $135 Bathroom Accessories from $15 ainless eel Sinks m $110 AusLux 24 Bridge Street, RYDALMERE - off Victoria Rd Ph 9898 1200 www.auslux.com.au OPEN 7 DAYS 2240037K HL wk47 Mon - Fri 9.00am-5.00pm Saturday 9.30am-2.00pm Sunday 9.30am-1.00pm PERGOLAS DECKS OPENING ROOFS CARPORTS 1300 361 390 Visit our Showroom 361 Pennant Hills Road, Pennant Hills NSW 2120 www.pergolaland.com.au Call Us to arrange a booking with one of our experienced Design Consultants 1 The Trusted Outdoor Additions Specialist FREE 'IN HOME' CONSULTATION 1300 137 198 www.ccbd.com.au Curtains Romans Sunscreens Pelmets Swags Shutters All Blinds Bedspreads LATEST DESIGNS IN CURTAINS & BLINDS by Design CREATIVE CURTAINS ALL AREAS 9838 9090 FREE MEASURE & QUOTE Lifetime Warranty www.justforyouwardrobes.com.au DESIGNED TO SUIT YOUR BUDGET Timber Coloured panel Painted Mirrored Sliding Hinged Built-inWardrobe SPECIALISTS JUST FOR YOU WARDROBES PTY. LTD Lic. 185684C 2032708K wk41
May 11th 2010
May 25th 2010