Wairarapa home RVs rise again

Homes throughout Carterton, Masterton, and South Wairarapa districts have seen another giant leap in rateable values, after jumps in 2017 and 2014.

The ratings were expected late last year but delayed due to changes in the auditing process.

The average value of a home in Masterton rose by 47.3 per cent, to $498,291.

Post-lockdown building rush swamps Waipā

Waipā was known as a growth district but even the council there admitted the volume of resource consents it had to process for the final quarter of 2020 was “beyond the capacity of staff”.

To deal with the problem, Waipā District Council invoked its right to double time extensions to process resource consents, if needed, as well as expanding its use of outside consultants.

Rents soar after Covid-19 freeze ends

A rent increase of $50 per week reported by some would mean almost the entire estimated average cost of complying with the legislation ($3000) was being passed on.

Infometrics economist Brad Olsen said the ability of landlords to pass the cost of these upgrades on to renters was evidence of how much market power they had because of a major imbalance between supply and demand.

Lure of lifestyle property strong as Kiwis chase the good life

The largest increase was in Gisborne, which saw a 70 per cent bump in median price. Hawke’s Bay, a traditionally popular lifestyle retreat, was the exception with sale prices decreasing by 2 per cent.

CoreLogic Senior Property Economist Kelvin Davidson said lifestyle block sales will be up because people, including Kiwis returning to Aotearoa-New Zealand amid the ongoing Covid-19 pandemic, want a bit more space post-lockdown.

FARMING TECHNIQUES TO GET THE MOST OUT OF YOUR LAND

If you’ve recently bought land or have new plans to use your current land to start your own small farm, it’s important that you implement proper farming techniques to get the most out of your land. Even if you’re new to farm succession planning, you can practice the right steps that can increase your small farm’s productivity and help you grow more crops on your land. This process doesn’t have to be overwhelming, with well-grounded preparation you’ll be handling them in no time. Here are 8 farming techniques you can practice to fully optimise your farmland.

TRANSPLANT AS MANY CROPS AS POSSIBLE

While there are some crops such as carrots or radishes that will require direct-seeding, transplanting as many crops as you can, enables you to harvest more from a single bed throughout the course of the season. For example, rather than direct-seeding beets, you can transplant your beet seedlings as soon as they clock a few weeks old. By doing this, you’ll be creating enough space for that bed to grow another crop during that period. When you apply this transplanting technique on the entire farm, it’ll result in a great amount of room to grow more over the course of the season.

PLANT MORE CLOSELY

An easy way to get more produce from your growing area is to plant your crops closer together. Many farmers tend to ignore this farming technique by planting their crops much farther apart than is required thereby leaving a portion of the land to waste. Follow the spacing guidelines outlined by your seed company and squeeze out as much space as you can. Planting your crops does have its limitations such as inadequate circulation which can lead to disease. So it’s best that you practice disease control with spray tanks.

MAKE USE OF YOUR VERTICAL SPACE

Make use of the available vertical space in your growing area to get the most of your land. For instance, you can target areas within high tunnels and propagation spots. Utilise the vertical space within the areas by installing shelves along the north and south corners of your farmhouse to serve as additional support for transplants. Implementing this technique requires that you check your growing areas regularly and don’t forget to stack seeded trays that are yet to germinate.

With regards using space in high tunnels, you can begin by trellising your tomatoes, eggplant and peppers along a long cord tied to cables that run through the entire tunnel. In the long run, your plants will grow vertically rather than horizontally.

CROP ROTATION

This farming technique has been practised successfully for thousands of years and continues to be used today. Crop rotation involves planting different crops within the same field but during different times. This process preserves the productive capacity of the soil because some plants gain nutrients from the soil while other plants contribute to the soil’s nutrients. Applying crop rotation maintains the fertility of the land due to the fact that the crops have a different mechanism of taking in nutrients. In addition to better soil structure, crop rotation also increases the ability to store carbons on farms.

AVOID TILLED FIELDS

In tilled fields, you will find that the soil is broken down to enhance crop growth. However, due to the soil’s loose texture, many farmers tend to avoid this practice as the soil can easily be blown away by wind or washed away by rain. Instead, they avoid breaking down the soil in order to maintain its structure when it rains or when the wind blows.

GROW PLANTS IN PERMANENT RAISED BEDS

The use of permanent raised beds has become easily adopted in the farming system due to the proper management of space it provides. While traditional farming systems space crops in single rows separated by tractor paths, permanent beds plant multiple rows of crops within beds with the same width. This farming technique leads to fewer pathways, more growing space and dense plantings.

FLIP BEDS

A constant flipping of beds helps you get the most out of your growing area. Many farmers apply this approach by making use of cover crops to increase productivity. The soil is also more enriched as a result of the easy passage of nutrients. They plant cash crops such as in all of their beds without any pause while replanting the beds as soon as they were cleared out of a previous crop. Another approach involves making use of vegetables to protect the soil. While this method may not be suitable for all farmers, it is important that you implement the underlying principle which is to fully optimise all portions of your growing space to increase the production of your crops before putting up your farmland for sale.

WATER HARVESTING

Water harvesting involves the linkage and optimal use of rainfall with the use of various techniques to store as much water as possible out of each rainfall. The various systems and structures for harvesting water are specific to the culture in which they were set up. Among the many structures, you will find are directing water from rooftops, overflowing streams and rivers during the monsoon season or from other artificially installed systems. Practising this technique ensures that you have a reasonable quantity of rainwater and rural drinking water supply in case drought takes place.

INTERPLANTING

Interplanting is Another farming technique that helps you get the most out of your growing area. This process involves growing different crops together at the same time. One way you can do this is by planting fast-growing crops such as kale or green onions together with a slow-growing vegetable such as pumpkin or cabbage which usually takes up to a few weeks to fill a bed. While certain types of crops are suitable for interplanting, some crops do not fair well together. So it’s important that you carry out some research before planting different types of crops together. Hydro vacuum excavation techniques can help break down the soil for improved planting.

Common Moving Mishaps And Easy Ways To Avoid Them

Moving to a new home can be challenging since there’s so much that needs to be done and any mistake can create a difference between a successful relocation and a stressful one. Lots of time and money could be lost if you overlook such an important process. To avoid such stressful and financial mishaps, it’s important that you remain aware of the most common moving mistakes and learn how to avoid them. Here 7 moving mishaps you can learn from to enjoy a smooth moving process.

NOT IMPLEMENTING AN APPROPRIATE MOVING STRATEGY

When you decide to relocate, your first line of action is to decide if you’re going to hire professional moving companies or perform a self-move. If your choice is to make use of furniture movers, you need to book them in advance and decide on the moving date that suits your schedule. Try to avoid moving during spike season or at the end of the month otherwise, you stand the risk of being delayed as the available movers would be restricted and the cost of moving will increase.

Remember to put the moving date in your schedule and properly adjust your affairs until the day you relocate. Failure to do so might cause you to miss an important detail or prevent you from allocating enough time for your moving process.

USING THE WRONG PACKAGING METHOD

Many homeowners prefer to save money during moving by packing themselves. However, there are often missteps that leave these DIY packers with unnecessary problems on your moving day. One of the common mishaps is the use of heavy boxes. Presenting heavy boxes will make it hard for the movers to lift it. While there are professional movers, they also come with some limitations.

Ensure you pack heavy items such as shoes and books in medium-sized boxes. This allows for easy carriage and will also save you a lot of stress and time. When you pack heavy items in a weak or damaged box, you risk damaging your belongings. Remember to assemble fragile items such as lampshades and cooking wares into sturdy boxes.

NO INVENTORY

So you’ve assembled your items in all boxes while implementing care to wrap fragile items and maintain a reasonable box weight. You think you’re set to take off then it hits you that you have no idea as to the content of each box. This is a common problem faced by many homeowners-not taking inventory.

On the bright side, there are easy ways you can avoid this by making a list of every item you put inside each box. Apply a good numbering system and label the content as well as stating the exact room of your new house they should be stored. This process will enable you to have a good understanding of where your belongings are kept.

Creating a detailed inventory will also save you time when settling in while ensuring that the movers didn’t forget any item behind. Make use of online inventory apps when planning your move and keep a detailed list handy in case you need to file a case with your home insurance company.

MISUNDERSTANDING INSURANCE NEEDS

Majority of homeowners tend to believe they don’t need to buy insurance because various professional movers are inclined to cover the expenses for any damage incurred to their belongings during the moving process. This is true but depends on other factors. Other homeowners opt for ways to insure their valuables even though the expense is close to the cost of their affordable items.

If your inventories contain fragile items that are worth a significant amount of money it’s probably best to consider insurance as a good investment for the safety of your possession and your peace of mind.

NOT COMPARING ESTIMATES

Another common moving mistake is not comparing estimates and finding the one that fits your set budget. Though finding a reputable mover that uses a shipping container is part of the moving plan but you also have to ask for estimates before embarking on any deal. Deciding on the estimates involves certain factors such as the size of your home and the type of moving company. Some of these movers will either carry out an in-house estimate or offer you one online. If you jump on the first offer or even fail to ask for a quote, you could end up paying more than you should. The right approach to select a suitable moving price is to ask for up to 3 estimates and compare them. As soon as you’ve figured out the top best movers then you can use the estimates to choose the moving company that is affordable.

PROCRASTINATION ON TASKS

Depending on how large your items are, your moving process will require a long list of tasks. It can get overwhelming and even lead to the common mistake of procrastinating the start of the moving process until it gets to rush hour. By not starting the moving process on time you’ll be contributing to the overall stress of your relocation and might even forget other tasks.

To set your moving process on the right path, it will be beneficial to create a moving checklist. This process will enable you to plan time-sensitive tasks, avoid unnecessary problems and get your plans done on time.

NOT SENDING MAIL ON TIME

You’ve told your landlord and utility company about the day you plan to move out but you leave out the mail. The extra trouble is that most people find it hard to determine when to begin this process and how long it will take. With the right steps, you’ll be able to avoid this common mishap.

The best way is to ensure your mail gets to your new home without delay is to start the mail forwarding process just a few weeks prior to your move out. Choose the date you want them to begin forwarding your mail and indicate that you’re relocating permanently. This process doesn’t cost much and you can pay with a credit card.

IS A RENTAL PROPERTY STILL A GOOD INVESTMENT OPTION

While there are countless ways to invest your money, real estate has proven to be one of the best long-term investment options. If you’re looking to get your first investment property, the best way to invest in real estate is to buy a rental property and lease it long term. While this process involves a considerable amount of effort, most investors realise that commercial property investment provides the best results. You can gain consistent cash flow and a long term-term investment return. Providing rental management services is one of the best ways to grow in real estate.

Here are a few reasons why purchasing a rental property is a good investment.

HIGH RETURN ON INVESTMENT

Both High leverage and high ROI have relatable interests. When you use mortgage loans for an investment, you’ll be using only a small part of your own money to invest in property management, which means you gain a high return on your investment in the long run. In addition, on leasing the property to a tenant, the rent is structured to not only cover marginal expenses but to also cover the interest payable on your mortgage loan. As a result, you have a higher interest than other investment types. Your ROI increases as your profits exceed the interest you owe. This explains why real estate is considered to have a high return in the long run and is perceived as a high performing asset with commercial units for sale. An additional benefit is that any increase in value on your property makes your ROI increase further. With the high leverage in the context, your monthly cash flow increases which leads to an increase in your ROI.

TOTAL CONTROL

Buying a rental property means that you’re in total control of the tenant you’ll lease to, how much you’ll charge for rent and you’ll plan for house property management and maintenance while leasing the property to tenants. There are other ways to derive cash flow, you can decide to use services like Airbnb to provide a short term vacation stay or contact reputable property management companies and strata body corporate to assist you to locate and service long-term tenants.

According to the type of tax deduction, the cost of repairs on the building will be deducted in the year in which they are carried out.

Similar to investing in a stock, you’re in control of the stock you wish to invest in, you have the opportunity to hire someone to manage and control your income.

ABILITY TO ENSURE YOUR PROPERTY

While many investors opt to purchase rental properties, they don’t consider that they can ensure the property investment. With the right insurance coverage, you can protect the property so matter the incident that occurs you’re fully covered. If you’re concerned about the cost of insurance, you can make a plan and incorporate it into the rent that your tenants pay.

In addition, you can deduct insurance premiums from any insurance policy related to your rental property. Some of them include the cost of employee insurance, theft, fire outbreak, or natural disasters.

DIVERSIFY YOUR ASSETS

The power of diversification is fully harnessed in real estate investment. If you want to achieve reasonable benefits without high risk, it is advisable to invest in many other markets. The real estate market has its domain and your property is included. Real estate is a valuable asset to own because it appreciates over time. Even as there have been past market crashes, it has still proven to be a safe and steady market, especially in the long run.

Another good thing about real estate is the ability to research the market based on your preferred choice of location. You can keep up with the newest trends that will guide you through your decision-making process about the real estate market, which is a much favourable environment compared to the stock market.

MORTGAGE ASSISTANCE

If your home mortgage falls under the 30-year fixed-rate mortgage, it means your interest rate will not change for the entire 30-year term of the loan. As the loan is initiated, additional money is paid to interest than to principal, but as soon as the term is halved, it reaches an equal split.

 

This means that the longer you hold your property, your tenants’ fee covers more of the loan principal, which also means you’ll be creating more wealth for yourself.

As long as you own the rental property, you’ll be using the tenant’s fee to pay off your debt. While you reduce the loan fee, you will be acquiring wealth and consistent cash flow as you will always have unlimited access to the money either by flipping and selling or refinancing your loan.

WARD OFF INFLATION

Real estate handles rising inflation better than other domains. This is because as prices go up, the value of your asset increases. You can easily ward off inflation when you make use of leverage to invest in rental properties with a low-interest rate. Many investments are at risk during inflation because there’s a high chance it can reduce the value of assets.

On the other hand, the benefit of real estate investment offers a great way to protect your wealth. The increase in rent makes it possible for you to accumulate more money which will always come in handy as prices of goods are likely to increase during inflation.

DECIDE TO SELL AT ANY TIME

A rental property is a good investment option because you can decide to sell whenever and however you prefer. While it is advisable to hold on to your investment over the long term, no fixed rule exists. You are in charge of every selling process. There are many different exit strategies you can take leverage to maximise profits. The choice is up to you. With the right real estate accounting, you’re likely to sell your property at a higher price than the initial cost.

Before you transfer rights of your property, ensure you find a conveyancer and get the necessary conveyancing quotes.

Alternative Housing Ideas To Travel And Save Money

If you’re feeling the pinch but still don’t want to have to sacrifice travelling, then perhaps you should consider looking at some alternative housing ideas. By doing this you will be able to save money whilst at the same time still be able to travel. Below we will provide you with some ideas to think about when it comes to alternative housing so you get thinking about storage solutions and selecting the right moving company as soon as possible. 

House sitting

If you don’t want to purchase an alternative house then you could consider living in someone else’s home. For instance, you could use options such as Airbnb. There is also the option to stay in a hotel long term and this can be quite cost-effective in many countries. The best option, however, would be to be able to housesit where you can stay in someone else’s home free.

Work

If  teaching is something that you’ve always fancied then you could consider getting yourself qualified to teach abroad and this will give you the option to live for free. Quite often, many schools will provide you with an apartment and these usually have additional facilities such as a gym. This option means you can live for free and any money that you save you can then invest in property.

An RV

If the thought of an RV conjures up an image of a battered old bus-like vehicle from the 1970s then you’ll be very mistaken. These days RV’s are actually quite luxurious and quite often they include huge slides. These are rooms which come out of the main section of the home and mean that you will have ample living space when you are parked up. Many RV’s include state-of-the-art kitchens, fully equipped bathrooms, king-sized beds as well as a spa pool.  Ultimately, you can make living in an RV as luxurious and comfortable as you like, it all depends on your budget and how much you’d like to save. You don’t necessarily have to live in an RV all of the time as you could just use it for when you decide to travel. Alternatively, if you prefer to save money then you could consider living in an RV full time and take advantage of a more nomadic style of life.

Container homes

It is easy to have a container home shipped to you and you will probably be surprised at how homely they can actually feel. If you don’t like the metal look of the home, then cover it up.  The beauty of container homes is that you can purchase more than one so that you can make an alternative home to suit your preferred size as well as shape.

A tiny house

If you’ve not heard of a tiny house then it’s simply a small house that can attach to the back of your truck or your car. The advantage of having a tiny house over an RV is that you don’t have to get rid of your truck or your car, as long as it’s able to pull a tiny house. This means that it’s a much cheaper option than buying an RV.  The other advantage of a tiny house over an RV is that you won’t require water or power from an RV Park. A lot of these tiny homes have their own filtration and rainwater systems as well as solar roofs. This then means you can park up anywhere and settle there for as long as you desire, that is as long as it’s legal to do so.

Prefabricated cabins

If you are lucky enough to have some land, then you could consider a prefabricated cabin.  Another option would be to buy a cabin kit and then design and build this yourself.  Prefabricated cabins have the ability to host solar panels which you can use as a source of electricity. They also have water tanks for fresh running water and can also accommodate a heating system. It may be worth considering contacting a local after builders cleaning once you’re done to help you out so that you can get on with making your new house into a home.

A houseboat

Nowhere does it state that you have to live on dry land. You could consider purchasing a houseboat. Many houseboats have more than one bedroom, come with running water, heating facilities, full electricity as well as other mod-cons such as televisions etc. If you decide to sell your home and purchase a houseboat you will have the freedom to be able to sail all over, whilst at the same time reducing your living expenses. 

House hacking

With this idea, all you need to do is to purchase a home and then think of ways of how someone else will pay the mortgage on it. The easy thing to do is to buy a small multi-family home and then rent it out. This is one of the more difficult options if you’ve never rented out of purchased a home before. If it’s hard to find a multi-family property in your area, you could consider buying a home where you can rent out the bedrooms individually i.e. to students or look for a commercial property for sale which you could rent. Another option would be to let out a room in your own home to a student for example. 

Across the world, property is the most expensive purchase that we all make. If it’s possible to save money and reduce financial costs, you will see the benefits of the money that you have managed to save. The additional beauty of choosing an alternative house means that not only will you save money, you will also be able to travel and visit destinations that you otherwise may never have had the opportunity to see.