Many of us today dream of living in luxury. With the dawn of the digital age, social media has become a powerhouse that sets the tone for the ideal life. Just by scrolling through our social media, we become hyped about the world that awaits us. Since many millennials and even Gen Z alike are turning their heads on what to do next, finding the home of our dreams is the first of many obstacles we must face. So, the question that we have to ponder now is: how do we find our dream home that can accommodate our lifestyle while still having the opportunity to save money?

Real Estate Appraisal Comparison: Obviously, the first step should always be comparing properties. Once you have done your initial survey of your chosen home, it’s pivotal that you compare it to others. You must go deep into the market and look for residences like yours. Look for a comparative market analysis (CMA). Real estate agents can usually do this job for you free of charge, but you can also do the maths on your own if you are willing enough. CMA is usually done by analysing the property’s land area and computing the real estate tax. This will give you an accurate analysis and comparison to other properties with similar conditions to your own.

Property Tax Assessment: Another way is to compute the property’s real estate tax based on local government regulations. Normally, property tax should be lower compared to your chosen home’s appraised value. However, if the tax is higher compared to the appraised value of the property, this could be a red flag already, since this indicates that your chosen home is undervalued in the market. On the other hand, if your property’s value is too far from the computed tax, it might mean that you are paying too much and should appeal for a lower price. Remember, your home’s value should not be significantly higher or lower than the computed real-estate tax.

Getting a Real Estate Agent: If you’re still wary of your own judgement in finding the right home for you, it’s best to enquire with a real estate agent. Real estate agents can provide professional advice and know the market prices for properties and homes much better. Always remember to choose the best agent out there to help you. Enquire about their previous experiences in selling properties like yours, their marketing strategies, and how they would price them according to today’s standards. It’s best to also ask them about local government regulations and taxes if you’re not familiar with them.

Remember that it’s never easy to find the right place to call home. With today’s standards of living, you’d be lucky to even find the time to do all of these. Fortunately, Nostra Homes Townhomes in Australia can provide you with not only the best properties but also the most professional real estate agents and customer service you will ever need for your next big step!