This festive season is nearly upon us and Horizon is proud to support Foster Hope in its Christmas Drive. Every year Foster Hope collects new, unwrapped Christmas presents for children in care throughout New Zealand. Many children enter emergency service facilities during the Christmas period, and we would love you to join us in supporting Foster Hope. You can drop off your gift to our Red Beach office at 170 Hibiscus coast Highway, before November 30th.
Let us make Christmas a little brighter for some incredibly vulnerable kids around New Zealand.
In this months project focus Joe discusses the benefits of converting your property from cross lease to freehold and why it might be a smart move for your investment and peace of mind.
If you own a property with a cross lease title, you may have considered the benefits of converting it to a freehold title. Cross leases were a common form of ownership which was a cheaper alternative to subdividing but there are compelling reasons to consider the conversion.
Originally from Mangawhai, Joe studied at Otago for his Bachelor of Surveying. He is a Licensed Cadastral Surveyor and a member of CSNZ. Joe has been the Director at Horizon since 2019 growing the company quickly from 5 to 14 staff and expanding Horizon’s services to offer Architectural Design, Planning and Landscape Architecture.
Joe lives in Snells Beach and along with his wife Sarah is raising three awesome boys. Whenever he gets the chance, Joe can be found at the local golf course. Joe is a passionate Warriors supporter and don't we all hear about it.
One of the primary advantages of converting to a freehold title is gaining clear ownership and control over your property. By converting to freehold, you become the sole owner, eliminating the need for shared decision-making and potential conflicts that can arise in cross lease arrangements.
Converting to a freehold title can enhance the desirability of your property, attracting a broader pool of potential buyers and potentially increasing its market value.
Converting to a freehold title gives you the freedom to make improvements and modifications to your property without seeking permission from others. This increased flexibility allows you to personalize and enhance your home according to your preferences and needs.
When an extension is made to your property this requires your cross lease plan to be updated to reflect the new footprint. If this update is not undertaken then the title is consider defective. As a result this may make your property more difficult to sale as banks often will not provide finance or will put restrictions on a defective title
As the property market evolves, cross lease properties may become less desirable or face challenges due to changing regulations or buyer preferences. Converting to freehold can future-proof your investment, ensuring its long-term attractiveness and marketability.
If you found this helpful and would like to know more give us a call today.