Why You Need Financial Planning To Buy Property

While there’s a myth that financial planning is a service exclusive to the mega wealthy, did you know that it can form the blueprint to build your dream home?

Why You Need Financial Planning To Buy Property

Most people find themselves contacting a financial planner or adviser for one of three reasons – they need help with making a blueprint for their financial future, they don’t want to deal with their financial future, or while they might like managing their own money, the impartial and objective third party opinion could be of value to them. 

Before you actively seek financial advice from a qualified professional, it’s important to have a firm vision on what you hope to get out of the process. While this often depends on your stage of life, how much money you have or owe, and what you’re trying to achieve, a growing number of Australians are using financial planning to build wealth through property. 

How Financial Planning Can Help With Real Estate

Whether we like it or not, the state of our finances form an integral role in how we transition between the many phases of our life. Even the most successful people often acknowledge that they couldn’t have hit their goals without the help of a professional, and financial planning is the perfect tool to help everyday Australians take a big picture approach to their finances. 

There are many reasons as to why the average Australian would want to start investing in property. For some, it’s about building a financial safety net and enjoying a comfortable retirement, while for others it’s an attractive way to lower their tax obligations. No matter where you are on your real estate journey, the help of a financial planning expert can be invaluable. 

Guiding First Home Buyers – Purchasing your first home can be an extremely daunting experience, but the good news is that with solid financial planning, it doesn’t have to be. Experts in this field help first home buyers to understand where their money goes, but can also provide guidance on saving up for a deposit. Once settled in, financial planning can also allow first home buyers to expand into purchasing a second investment property. 

Building Your Dream Home – Regardless of whether you’re looking to capitalise on one of the many federal and state building initiatives, or are simply a growing family and ready to bring your version of your “forever” home to life, financial planning is important if you want to avoid potentially costly headaches along the way. If you already own property, a financial planner may help you to explore all of your options to potentially keep it as a rental while building. 

Expanding Your Investments – Long considered to be one of the safest long term investment strategies, building a property portfolio is the ultimate goal for many Australian homeowners, especially once they’re financially secure and have a firm grasp on their first mortgage. A financial planner can help you crunch the numbers to identify good investment opportunities for both high yields and tax breaks, and advise caution when required. 

Transitioning To Retirement – As a homeowner, you might be considering downsizing your abode for a variety of reasons: it could be to boost your finances, reduce your expenses, to move into a more suitable home, a better location or you might even just want to take advantage of the current property boom. A financial planner will help you form a game plan for a safe and secure future, while helping you navigate the rules linked to tax and superannuation. 

If you’re already sold on the idea of investing in financial planning to conquer the world of real estate, the next step for many Aussies is to partner with a good mortgage broker. As an alternative to dealing directly with the big banks, mortgage brokers serve as the ‘middleman’ between a lender and a borrower, and handle the time-consuming process of securing the loan and gathering the considerable paperwork involved. 

Therefore, it should come as no surprise that six in ten Australians are now working with a mortgage broker for help in navigating the world of home loans – but what if we told you that there was a one stop shop to combine the services of a mortgage broker and a financial planner?

Partner With The Real Estate Finance Experts

Getting on top of your finances and finding the right home loan has long been regarded as stressful, frustrating and time consuming – but the good news is that it doesn’t have to be.

Since their inception in 2012, the team at Madd Loans have worked tirelessly in providing over 2,000 Queenslanders with finance options to help turn their dreams into reality. With the entire brand being built on referrals, owner George Samios takes great pride in making the loan process both fun, educational and stress free – and he has a swag of awards to prove it.

Relentless in their pursuit of gold star customer service, the team at Madd have now expanded their services to include end to end financial planning. Through Madd Life, the aim is to collaborate with clients to identify long term goals, and transform them into a road map. 

If thinking about your financial future strikes a chord with you, then it might be time to speak to a professional. Whether you’re chasing mortgage solutions or a financial fairy godmother, the team at Madd proudly work together as a collective to turn your goals into reality.

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