House and Land Packages in Perth: How to Speed up Your Home Ownership


Another simple strategy to overcome your mortgage faster is to make one-off lump sum payments. Consider this: a one-time $10,000 payment at the beginning of a $300,000 loan with an interest rate of 4.5 percent per year could save you over $26,000 in interest for the loan’s life span.

Paying off a loan is no small matter. Not all these tips may apply to you, but it’s very much possible to use more than one of these tips to speed up the time it takes for you to own your first home. To make your purchase truly worthwhile, make sure it’s built by award-winning home builders like WOW! Homes who have years of experience in offering quality house & land packages in Perth for first home buyers just like you.
http://www.wowhomes.com.au/house-and-land-packages-in-perth-how-to-speed-up-your-home-ownership/

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Buying Your First Family Home: Top Considerations

Have you finally decided to stop renting and start owning your family home? Fortunately, there are several land and house packages being offered in Perth that you can select from. However, you must make sure that you’re ready for the investment. Here are the top considerations before buying your first family home:

Determine how much you can afford, and build your savings.

Decide how much you’re willing to spend on the home, plus all other fees and maintenance costs, including insurance. Explore different suburbs to see where you want and can afford to live. Save 20% or more of your ideal home price as a deposit. Shop for a home loan based on your lifestyle, particularly on the amount and frequency of your income.

Pick a layout that suits your family.

 

Make sure you have enough bedrooms and bathrooms, and check if the shared spaces (the lounge, kitchen and dining area, the courtyard, etc.) can fit all of you or the items you want to place there. For instance, if you have more than one car, look for a home with a garage that’s spacious enough for your vehicles.

 

Choose an established contractor.

 

Lastly, you need to look for an experienced contractor, preferably one that specialises in first home buyer clients. These companies are familiar with your concerns (or advise you on aspects you might not be aware of), and they can closely guide you through the process of home ownership.

How to Style Your Multi-Purpose Spare Room

With new homes being designed with more functional spaces for residents nowadays, couples or small families usually end up with a spare room that they use for a variety of purposes. It can easily become a messy, cluttered box, especially if it is not styled according to its functions. You need to work out what would the room be really used for and then design and arrange it to fit those purposes.

Here are some of the common multi-purpose rooms and how you can style them:

The Home Office and Gym

If you work from home and you want to set up a gym at home, too, you can certainly turn your spare room into a dual-purpose space for a home office and a gym. Make sure you have storage cabinets or chests for yoga mats, weights, and other gym equipment (and use them diligently!) to keep the room from looking cluttered.

The Bedroom and Private Nook

If relatives or friends occasionally visit, a guest bedroom is certainly a must, but when the room is unoccupied, it can be your private nook to read for leisure, let your kids study in peace, develop your crafts, or anything else you fancy. Aside from strategically arranging the key furniture like the bed and sofa, you can also use plush, space-saving sofa-beds that you can easily pull out and put beddings on for guests when they stay over.

Experienced Perth Home Builders Can Help You Own a Sustainable Home

If you’ve ever wanted to make your first home a sustainable one, then you need to get everything right from the get-go (i.e. before the foundations of the property are even laid). You can start by choosing eco-friendly materials and techniques, so you can take advantage of the financial savings that sustainability often brings.Reliable Perth home builders like WoW! Homes are attuned to this trend, and they can make your dream of home ownership as well as your sustainability goals much more manageable to accomplish. With plenty of resources and expertise at their disposal, these pros can provide all the services and support you need.

http://www.wowhomes.com.au/experienced-perth-home-builders-can-help-you-own-a-sustainable-home/

First Home Ownership: What to Expect

For many people, purchasing their very own homes lies at the very top of their life goals. To help you get ahead and maximise your chances of success, know that no matter how convoluted and lengthy the new home purchase process may be, it can be broken down into a few simple steps. Use the following as a guide to know what to expect:

Plan

Make a list of the features you want your new home to have, such as material details, proximity to necessary facilities, and availability of basic services. Evaluate three to four properties to get a feel for the market.

Budget

Get pre-approved to know how much you can borrow before you start talking to builders and real estate agents. Do this at least six months in advance.

Furnish your loan documents

Once your lender approves your loan, you will receive a loan contract detailing your loan’s terms and conditions. It’s best to have a legal representative clarify these to you before you sign on the dotted line.

Make the offer

Armed with a loan, you may then talk to real estate agents and home builders to make an offer and negotiate the price. Have your representative review the contract for sale.

Settle and move in

Once loan requirements are settled and the home sale closed, you can now move in and start enjoying your home.

Buying a House vs. Buying a House and Land Package

These days, most new homes are constructed by property developers who purchase land once the government releases them. After infrastructure is laid, the developers will either build homes and sell them as complete house and land packages, or allow potential buyers to choose the blocks of land they want and the features they want their new homes to have.

 

For most homebuyers, the second option is the better one to make because it ensures they get the property that suits their needs at the location they want to be in. Likewise, because it’s a new home construction, they don’t have to worry about major repair and maintenance costs in the foreseeable feature, which is a common problem when purchasing an old, established home.

 

There are two comparable differences between buying a house and land package and buying a house. First, house and land packages are often designed to appeal to a target audience. That’s why some of the communities where you’ll commonly find them include golfing estates, retirement villages, and even eco-villages.

 

Second, while financing a home purchase only requires you to obtain a traditional home loan, financing a house and land package usually consists of two steps: buying the land with a regular mortgage, and building the house with a construction loan. The loans can be obtained separately, but are usually combined for convenience.