While there are a number of small time mortgage brokers in small towns, these individuals generally need a second or even a third job simply because the amount of new business is much lower than in the cities, and the value of the loans are generally a lot this which will therefore translate into the value of commissions mortgage brokers earns.
Life would be generally quite hard for these independent mortgage brokers in Dunedin if they relied entirely on the income from that one business, so many also double as an insurance agent and perhaps even as a real estate agent. This means that they must have skills and qualifications across all the areas, but generally they are also well knowing and well trusted in town and so most of the new traditional business will still come to them.
In most cases these mortgage brokers will be skilled in the general rules of financial and they will be able to apply this to their own personal situation, and so it is common if there are mortgage brokers for them to be living in nice houses with the nice car and the nice boat.
The problem for customers in these small towns is that these brokers may not have the specialist skills that their city counterparts will have, and they may not necessarily have access to the non bank lenders or fully understand all the tricks necessary to get clients the mortgages they want. Customers experiencing this problem will need to approach city brokers, but the big advantage in 2017 is that it is much easier to deal with a broker remotely over the internet than it was in the past. Mortgage brokers living and working in Invercargill do a face to face at least once in order to properly identify the client and to establish a good working relationship. However nowadays this can just as easily be carried out over a Skype video call.
What this means is that for customers in small towns they can access the large pool what competent mortgage brokers throughout New Zealand, and they can be confident that they will get a good result and the service will be good. There are in fact a number of mortgage brokers particularly in the property investing sector who have never actually met with their clients face to face.
There are around 11,000 dairy farms in New Zealand in the same number of sheep farms, and probably a similar number of horticultural operations. Wild farms do not change owners nearly so much as residential property, when they do change owners it is almost always a highly complex and difficult challenge to finance. It is important to understand the dictionary definition of a mortgage broker for this article.
Dairy farms in particular are extremely expensive to purchase because of the land prices, and nowadays it is nearly impossible for individuals to work their way up through contract milking and share milking to the point where they can purchase a farm. Most dairy farm purchases are achieved by groups of farmers or companies, and indeed dairy farming is steadily turning into a corporate commercial operation.
The complexities for the financing of the farm mean that only specialist farm sales managers and financiers can really be involved. It takes a very skilled and qualified financial advisor to fully understand the financial books for our farm, and to be able to advise potential lenders of the likely profitability in the short and long term of a farm. The financing will also be complex and that there could possibly be multiple sources of cash for a deposit including family money and other partners, and there may need to be more than one Bank involved and supplying the finance simply for risk management reasons.
The banks that lead to farms will always have specialist staff involved throughout the whole process, and in some cases this means that a mortgage broker is not required, but in the majority of cases a mortgage broker is a very valuable addition to the team. The farm buyer is going to want to know that they are getting the best deal, and any bank is not going to be screwing them down in a way that is to their disadvantage. Mortgage brokers in Gisborne really need to be able to compare the deals across a number of banks, and to take into account all the other sources of Finance including the family and business partners, plus they need to take into account the financial needs of the business in the short term and during periods where production maybe load for example winter or during droughts. This means that the mortgage broker really does need an intimate understanding of farming practices and farming financing needs.
However for mortgage brokers in Nelson that can service this market, the rewards are significant as it is very common for farms to sell for many millions of dollars, and in 2017 a typical sale maybe around $10,000,000. One such sale alone will generate around $65,000 for the mortgage broker, and if they are good then they should see probably half a dozen of these types of sales every year. It can be a very very lucrative business.
New Zealand has a very large stock of older houses that were built before the 1950’s and earlier. These houses are almost all timber framed on wooden piles, and unless they have been meticulously maintained then they will require periodic renewal.
This renewal will generally involves repiling the house at least once that’s life, repainting the house at least every 10 to 15 years, and re roofing the house every 20 to 30 years. Re roofing an old house is not that expensive in the scheme of things, but it can make a huge difference to how weather proof and storm proof the house is and to how attractive it looks. In general the new roof will be long run colour Steel, and this is both strong and very long life is the colour is coated on the steel during manufacturer and will not fade or deteriorate over a number of decades.
Many older houses have earthenware tile roofs which were stylish back in the day but are now a source of leaks and ongoing maintenance as individual tiles deteriorate. Tiles can also accumulate Moss and lichen, which weakens the tiles causing them to break or crack and two leak and be vulnerable during very strong storms.
The only problem for the roofing company who is replacing and earthenware tile roof is that they must dispose of the old tiles, and this can amount to a tonne or more of broken tiles. Removing the tiles from the roof and the building site his basically hard physical labour. However once the tiles have been removed from the site then putting up the new roof is a much easier proposition. The existing roof frames are generally made from original very strong native timber and were built to support a very heavy load, and in most cases for the roofer there is no repair work required to the frame.
The new roof is mounted on top of sheets of roofing paper, and is attached using self tapping roof screws. This attachment method virtually never results in damage to the roof, and is very easy for the roofer with a modern battery powered screwdriver. The attachment process is fast, efficient and safe, and the final result is a roofing Hamilton that is very firmly attached to what is generally a very strong existing timber frame. Modern steel roofs also have very good flashing options for the corners and bends, and the end result is always a very tidy job that is extremely waterproof and resistance to the wildest storms.
The benefit of a homemade compost is that is not sterile as in bought compost. It still has the bugs and bacteria in the soil as it decomposes. Place the compost bin in a warm place where it will get sun, at least for some of the year when the weather is warm.
Collect all the weeds and grass clippings from the maintenance on the section and layer them between dry matter like dry leaves, cut up corrugated cardboard or balls of newspaper from mail outs delivered to the letterbox. This is an excellent way to recycle. Avoid putting any food scraps in the compost bin if you want to avoid having rodents. Instead, use a worm farm for your scraps.
Prepare the area for the compost. You can use 5 pallets screwed together or buy compost harvesters. The latter often don’t have enough air holes in them to make compost efficiently. Place a layer of sticks done on the base or use a pallet as the base. This will allow airflow up from the base. Alternate layers of brown and green and spray with some water. Cover with a carpet mat and/or tarpaulin.
The cold compost method is generally used by the home gardener who add little amounts over a long period of time. This cold composting method takes time. Hot composting is when the pile is made up in one go, creating a heap of at least 1 metre by 1 metre. The compost heats up and benefits from adding oxygen/air by turning the compost with a garden fork every few days then every few weeks.
Ensure that compost is well broken down before adding to new plants of seeds. It may be best to have 2-3 compost bins in a garden so one bin is used for several months and then left to allow the pile to decompose down into soil.