The Star: August 13, 2020
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SALES PENDING<br />
WOODEND: 43 Petries Road<br />
Ref: tlcrealty.co.nz/tlc10032<br />
SHIRLEY: 125 Quinns Road<br />
Ref: tlcrealty.co.nz/tlc10031<br />
View by Appointment<br />
LITTLE RIVER<br />
Home & income opportunity<br />
4511 Christchurch Akaroa Road<br />
Negotiable over $529,000<br />
Ref tlcrealty.co.nz/tlc10028<br />
REGISTER TO GET A<br />
PRIORITY VIEWING<br />
AVONDALE<br />
2 4 the price of 1: 3 bdrm house PLUS<br />
little house. Negotiable over $379,000<br />
Ref: tlcrealty.co.nz/tlc10029<br />
*T&C’s apply<br />
Promote your<br />
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Trish Lawrence 0274 350 565 or<br />
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THOUGHT FOR THE WEEK:<br />
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- Louis Glickman<br />
MAKING YOUR MOVE EASIER<br />
Licensed Agent REAA 2008<br />
To advertise contact Mike<br />
Phone 03 379 7100<br />
mike@starmedia.kiwi<br />
Home<br />
& Property<br />
EvEry Thursday<br />
If you have just bought your<br />
first home or already own a<br />
property, then the answer to<br />
this is yes.<br />
Purchasing a home is one<br />
of the biggest investments you<br />
may make during your lifetime.<br />
It is, therefore, necessary<br />
to decide who will be the<br />
benefactor/s of your property<br />
and belongings should you<br />
suddenly pass away. To do this,<br />
you need to create a will. A will<br />
states who receives what in the<br />
event of your death.<br />
According to the Public Trust, over<br />
50% of New Zealanders do not have a<br />
will. Young people, aged from 25 to 39<br />
years, who are financially independent,<br />
feature highly in this area, and yet they<br />
are a group more likely to indulge in<br />
adventurous holidays and take part<br />
in risky extreme sports. Accumulated<br />
assets of this age group might include<br />
a bike, car, TV, house, and furniture,<br />
along with a vast range of electronic and<br />
digital gear.<br />
With the arrival of a family, having a<br />
will in place is even more essential and<br />
yet, according to the survey taken in<br />
2014, only 30% of 25-40 year-olds, with<br />
children, have a will in place.<br />
A will not only legally takes care of<br />
the property, and the monetary side<br />
of things but can also state who will<br />
take care of children in the event of an<br />
untimely death.<br />
What happens if there is no will<br />
<strong>The</strong> lack of a will can create problems<br />
over who will benefit from the estate -<br />
this is especially important if there are<br />
children, de facto relationships, children<br />
from previous relationships, family<br />
members with addictions, or where a<br />
business is involved.<br />
Where there is no will, the estate goes<br />
into ‘intestacy’, which means a court<br />
will appoint an administrator, who<br />
does the same job as an executor, to<br />
manage the estate. <strong>The</strong> administrator<br />
has the authority to act on behalf of the<br />
deceased and applies to the High Court<br />
for letters of administration (power to<br />
administrate the estate).<br />
Home & Property appears every Thursday, delivered FREE<br />
throughout Christchurch<br />
For more information and bookings, contact Mike Fulham<br />
M: 021 300 567 E: mike@starmedia.kiwi<br />
CHECKLIST FOR<br />
SELLING YOUR HOME<br />
MAKE SMALL FIXES<br />
Inspect your home with a buyer’s eyes, and correct<br />
the flaws that are most egregious (if affordable) or can<br />
be relatively easily fixed—from repairing cracks in the<br />
walkways to repainting dingy walls or oiling creaky<br />
hinges.<br />
SET A PRICE<br />
A real estate agent will give you a market analysis free<br />
of charge or commitment.<br />
Ask a few to get a broader picture of the market, then<br />
ask to see listings for properties similar to yours that<br />
have sold in the past six months.<br />
Check out comparable listings yourself in the real<br />
estate section of your newspaper or on websites.<br />
<strong>The</strong>n decide whether you want a quick, easy sale or<br />
the highest possible price.<br />
CLEAN & DECLUTTER<br />
Weed out excess furniture, knicknacks, and “stuff”—<br />
toss it, donate it, give it away, sell it at a yard sale,<br />
or put it into storage—so the house seems more<br />
spacious and buyers can imagine themselves in it.<br />
STAY VIGILIANT ABOUT MAINTENANCE<br />
From the moment you start showing your house, keep<br />
the lawn mowed, shrubs trimmed, gardens weeded,<br />
rooms spotless and clutter-free.<br />
READY YOUR HOME FOR OPEN DAYS<br />
Hide pocketable valuables, display fresh flowers or<br />
bowls of fruit, bake a batch of cookies for the homey<br />
smell, open the drapes, keep pets out of sight.<br />
DECIDE WHETHER TO DO YOUR OWN BUILDING<br />
INSPECTION<br />
It may save you time, especially with older homes,<br />
to identify—and potentially solve—problems your<br />
buyer’s inspection will discover later.<br />
Homeownership:<br />
should you make a will?<br />
<strong>The</strong> Administration Act 1969 provides<br />
a code to be followed that ensures<br />
the estate is administered in order of<br />
priority. (Check out Wills at www.<br />
communitylaw.org.nz)<br />
Save time and money<br />
Before meeting with your lawyer, and<br />
to help save time and money, decide<br />
in advance how you want to distribute<br />
your will – determine who will receive<br />
what.<br />
You can also create a DIY will online,<br />
but if the distribution of your property<br />
is complicated, you may need to contact<br />
a lawyer for additional help.<br />
For your will to be valid and legally<br />
binding it must be signed in front of two<br />
witnesses, who also must sign it. <strong>The</strong><br />
witnesses are not in any way responsible<br />
for what is in the will or its execution.<br />
Four steps to creating a will<br />
1. Nominate an executor – the person<br />
who will manage the distribution of<br />
your property.<br />
2. Choose how you want to be buried<br />
or cremated, and how you want your<br />
funeral to be held, i.e. small and private,<br />
at a church, or in a garden. Make sure<br />
family or friends know in advance what<br />
you want to happen, as the reading of<br />
the will may not be before the funeral.<br />
3. Appoint a guardian/s for your<br />
children (if under 18) and your pets.<br />
Discuss this with prospective guardians,<br />
so they are prepared and understand<br />
their responsibility.<br />
4. Decide who will receive what and<br />
how much; this may include money,<br />
property, and personal belongings, as<br />
well as selected charities.<br />
Thursday <strong>August</strong> <strong>13</strong> <strong>2020</strong> <strong>The</strong> <strong>Star</strong> 39<br />
Your<br />
Earthquake<br />
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Even the experts are confused!<br />
But the answer is simple. Recent massive<br />
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Listings were short before the huge<br />
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