Matter of Convenience: Why People Prefer New Homes

If you are planning to buy a home, should you buy a pre-owned property or a new one? Apparently, many home buyers prefer a new home. If you see the reasons why, you just might find a new home the superior choice. Here are the upsides of investing in a new home:

It’s Really Yours
Of course, once you buy any type of home, it’s yours—technically speaking. From a perspective of feeling though, is it truly “yours”? A new home will be custom-built for you. Builders may give you models or floorplans to choose from. Well, you’d probably want them unless you’re an architect or engineer.
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What Should You Ask Your Home Builder?

If you’re looking to get a new home in Perth, the most logical choice is a house and lot package. In fact, it’s a system that has worked for many people. What makes it so attractive to first home buyers is that it is a highly simplified process. You just pick a neighbourhood, a block, and a builder to get started. Since you and your builder will be spending a lot of time together working on the home you want, consider asking these questions.

“Where do you build?”

Of course, location is a big factor. After all, you wouldn’t want to be relocated in an area where transportation will be a problem. Ask your builder where they build new homes and what the best area is for your lifestyle. For example, if you want to live near the beach, you should not be building in Caversham.
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First Home Buyers Grant: How Much Can You Get?

The $10,000 First Home Buyers Grant is a boon to citizens of Western Australia looking to build or purchase new homes. Provided that you meet the eligibility requirements, you can benefit from this program. For those looking to build a new home, a $10,000 grant is available.

Anybody who would be eligible to receive the grant should take advantage of it, especially since assets and income will not be evaluated to qualify. However, there is a grant cap that you need to learn about as a home buyer. The home value of your property must not exceed $750,000 south of the 26th parallel and any home north of that property must not be worth more than $1,000,000.
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3 Reasons to Choose Single-Storey Homes

So you’ve decided to build a new home for your family and you already have a set price and suburb in mind. Now comes the question, “Should I opt for single-storey or a multi-level design?” Though it depends a lot on your priority, the single-storey plan offers multiple functional advantages that make it more desirable over multi-level alternatives.

Senior and child-friendly

If you wish to invest in a property that can better fulfil your future aging needs, you may want to consider what a struggle it may be to move up and down the stairs with arthritic joints and weakened vision. A single-floor plan will give you more space to move around when you age. Similarly, stairs can be a hazard to little kids.
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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.

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.