Five Fun Things New Homeowners Experience

Congratulations on your new home!

You’ve secured the mortgage and you’ve got the keys. A new phase is about to start and this is a stage that is familiar to anyone who has ever bought a house. You might think the hard work and decision-making are over. But really, you’re not there yet. A new world will open to you – fabric swatches, paint charts and furniture await.

But fret not. Now that you have your very own house, you are absolutely going to love every minute of the “hard work.”

This “new homeowner syndrome” is something to be enjoyed. And with every transition in our lives, something to be enjoyed while it lasts.

Now, let the fun begin. These are 5 things new homeowners know to be true.

1. You just have to talk about home-related topics every chance you get, in every conversation you have. No matter what.

When you meet your friends or they come over to visit (of course, they just have to drop by!), you will find yourself “showing off” your new home. Oh, the pride you feel! That beaming smile you just can’t stop! If they are in your home, you will be surprised that your feet suddenly have a life of their own, dragging them into the living room or heading towards the backyard. Perhaps even inviting them to tour the second floor followed by a stop in the basement.

Along the way, you talk nothing but home-related things – the merits of wood floor over carpet or vice-versa; the happiness in vaulted ceilings and eat-in kitchens. You even do an amateur presentation of fabric swatches and eagerly ask for their opinion on the best look. They of course will nod politely, agreeing to almost everything. And that is your cue to stop talking and make some tea.

2. Your idea of fun on weekends now constitute hanging out at home improvement or home decorating stores

With a new-found passion you never thought possible, you feel a fanaticism to furniture, home decorations, appliances, and even carpentry tools (for that DIY you have in mind).

You never believed before in the joy of browsing the shelves of your local home improvement store or leisurely looking at furniture pieces. Now you even check out lying on the bed and sitting on the couch to get the feel. You are now officially a converted homeowner!

3. What clothes? Your priority changes. Now it’s all about fabric swatches and quality decors.

You will happily swap fashion for interiors. Shopping for clothes or shoes will take second priority and perhaps won’t even come close to your focus on getting your hands on the most beautiful area rug and cushions; or the beddings and comforter that are heaven to touch, and the most luxurious table cloth.

Welcome to the world of excited new homeowners.

4. You develop an obsession for color schemes

Your mind focuses on the perfect shade, complementing hues, and the difference between lemon yellow and amber yellow. This notion becomes of high importance. Weighing the pros and cons of light and dark shades for your home is constant. A sunlight means opportunity to compare beige and a darker caramel color, and afternoon rays are about observing how light reflects on those wall hangings.

5. “Before” and “After” photos take on a whole new meaning. They’re about home makeovers, not much about people’s transformations.

You no longer care about the make-over photos or the toned, trimmed after photos of people who kept their work-out regimen. It’s about homes that look fabulous after a new paint work or a new landscaping project. You get your inspiration from interior design books and home improvement websites.

You might even go tohomes for sale websites like many new homeowners to get ideas from other properties in the market.

Being a new homeowner is an experience to treasure. For one, not everyone has the chance to own a home. So count yourself blessed for having the opportunity to be a homeowner. Second, the newbie stage of having a new home shall pass too. Hence, savor the feeling and enjoy the ride. Lastly, it is always fun to do something for yourself. Whether it is home improvement or experimenting on DIY projects, or other things other than home-related, learning should never be a dull thing.

Meanwhile, if you are a future homeowner, currently searching the market for a home, particularly in the Greater Denver area of Colorado, The Blake Team-Keller Williams Realtyis your best choice for Buyer Specialists to assist you in your search for a new home.

The Blake Team is an award-winning, full service real estate company in Aurora, Colorado that specializes in Buying and Selling. If you are looking for a home in the Greater Denver and Aurora areas, The Blake Team has an extensive database of properties that goes beyond the usual active listings you see in the market. The Blake Team has foreclosures, Short Sale, HUD homes, Pre-listed properties, as well as premiere luxury real estate.

Navigating the First Home Buyer’s Journey: Grants and Concessions

Understanding the First Home Owners Grant (FHOG) Scheme
The First Home Owners Grant (FHOG) Scheme is a national initiative, funded by states and territories, designed to assist first-time homebuyers in purchasing or constructing their new residence. The specifics of the grant can vary depending on your location within Australia, but generally, it provides a one-time payment to eligible individuals embarking on homeownership.

Eligibility Criteria for the FHOG Scheme
To qualify for the FHOG, applicants must meet several requirements, including:

Being an Australian citizen or permanent resident
Purchasing or building a new home that has not been previously occupied or sold as a place of residence
Meeting age and residency stipulations
Not having previously owned a home in Australia
Grant Amounts Across Australia
The value of the FHOG differs across states and territories. For instance, as of my knowledge cutoff in 2023, in New South Wales, eligible first home buyers can receive a grant of $10,000 for new homes valued up to $600,000, or for properties where the total build cost does not exceed $750,000. It’s crucial to check the latest information on your state or territory’s government website for current details.

Stamp Duty Concessions for First-Time Homebuyers
Stamp duty, a tax levied on property transactions, can be a significant expense for homebuyers. However, many states and territories offer concessions or exemptions to first-time buyers, which can substantially reduce the cost of acquiring a new home.

Variations in Stamp Duty Concessions
Each state and territory has its own set of rules regarding stamp duty concessions. For example, Queensland offers a concession where no stamp duty is payable on homes up to $500,000, and a sliding scale applies for properties valued between $500,000 and $550,000. It’s important to research the specific concessions available in your area to understand how they can benefit you.

How to Apply for FHOG and Stamp Duty Concessions
The application process for the FHOG and stamp duty concessions typically involves:

Completing the relevant application forms
Providing proof of identity and eligibility
Submitting a ‘Contract of Sale’ or a ‘contract to build’
Ensuring all documentation is submitted within the required timeframe
For detailed information on the application process and to access the necessary forms, visit the revenue office website of your state or territory:

New South Wales
Queensland
South Australia
Tasmania
Western Australia
Australian Capital Territory
Northern Territory
The Role of a Finance Broker in Your Home Buying Journey

Navigating the complexities of home financing can be daunting for first-time buyers. A finance broker can provide invaluable assistance by:

Explaining the intricacies of the FHOG and stamp duty concessions
Identifying the most suitable lenders and mortgage products for your situation
Assisting with the application process and paperwork
Offering personalized advice and support throughout the home buying journey
By engaging the services of a finance broker, you can save time and reduce the stress associated with purchasing your first home.

Conclusion
Purchasing your first home is a significant life event that comes with its own set of challenges and opportunities. By taking advantage of the First Home Owners Grant Scheme and stamp duty concessions, you can make your dream of homeownership a reality in a more affordable way. Remember to consult with a finance broker to guide you through the process and ensure you make the most of the financial support available to you.

Why Today’s Market Trends Require Private Equity Fund Administration

The financial crisis of 2008 showed investors the unpredictable nature of the global market. As a result, today’s financial environment has become stricter and more demanding, requiring firms to focus on accurate reporting, delivering greater transparency and tighter accounting controls. In sum, an efficient private equity fund administration.

While other firms choose to stick with an in-house staff for this responsibility, recent reports show that more private equity managers now embrace outsourcing. “The shift to outsourcing is also being driven by more complicated investment strategies, higher flows into private equity, the need among asset owners for more accurate and timely valuation, and more domestic and international regulations,” shares asset servicing and trading expert Rick Baert of Pensions & Investments.

What actually makes these challenges tougher and tougher each year is the perpetually changing landscape of the global financial market. The unexpected swings and hurdles along the way require not only proficient administration of funds, but also proper execution of strategies that can mitigate risks and yield higher return on investment.

A recent example of this is the slump in oil prices that has spurred activity among private equity investors across the globe. According to Arno Schuetze and Freya Berry of Reuters, “Global crude prices almost halved to around US$60 a barrel in the past 12 months, slashing company values, forcing budget cuts and putting more than US$150-billion of oil and gas exploration projects in jeopardy this year.”

While some investors decide to take a wait-and-see stance on this investment opportunity, majority of them are more bullish. What if oil prices fail to rebound for years? Is that even possible? “In the long-term the equilibrium point of oil prices is in the US$70-85 range. The question is when is it going to get there, are we talking 9 months or 30 months? That is where the risk lies,” says Warburg Pincus’ co-CEO Joseph Landy.

With the risky and volatile nature of these assets, the critical role of private equity fund administration comes to rescue. Through global operating procedures, financial accounting and shareholder reporter, fund managers allow investors to monitor and weigh risks, and come up with smart decisions based on the provided information. Fund managers also save firm administrators from all the demanding aspects of tax services, fund regulation including AIFMD and FATCA compliance.

Going back to Baert’s analysis, the positive impact of fund administrators to private equity firms has become more evident than ever before. According to the author, latest research from eVestment points out that private equity fund assets under administration (AUA) among 28 firms surveyed demonstrated a 15.27% increase in the second half of 2013, to a total of $879 billion.

To help you reach your business objectives, look for a private equity fund administration firm that knows when and where to apply the industry’s best practices in tested, yet creative ways.