House and land packages are a great way to start with a fresh, new house. It can be intimidating to select from the many types of houses to be built, however, and even more so when you have to consider choosing where to have it built. Here are some pointers to ensure that the three important aspects of a house and land package—estate, lot, and builder—are all to your liking:
From the viewpoint of the inexperienced, purchasing a home is a pretty simple and straightforward process: take out a loan and use it to buy the house of your choice. Things are rarely that simple, however, as there are other costs that buyers have to consider. Continue reading →
In the past, all you needed out of a home was a place that was near the latest restaurants and nightlife options. Now that you have children, however, what you’re looking for in a place to call home has changed dramatically.
More and more Australian first-time homebuyers are becoming eco-friendly consumers. Are you one of them? How do you make your new home purchase more energy efficient and sustainable? Here are some of the home construction details you’ll need to discuss with your Perth house and land package specialist.
Building waste comprises 42 percent of Australia’s solid waste. It’s disheartening to see how most manufactured materials that took considerable energy and resources to produce just end up in a landfill. To minimise waste, the three Rs’ of waste minimisation—reduce, reuse, recycle—must be observed throughout the planning and construction process.
A new home construction can be an exciting time for you, but if you are not prudent, you might struggle to stay within budget. Nobody wants to buy something and regret it afterwards, especially a huge investment like a new home.
You don’t have to be a financial guru or real estate expert to know how to save money. Here are a few tips from Good Financial Cents that can help keep your budget intact as you start building your dream home.
Visit display homes.
You can envision how you want your dream home to look like, but does your vision consider the plumbing, HVAC, electrical, and rainwater drainage systems? If not, you might want to talk to a friendly home builder in Perth and ask to see their display homes or on-going projects for clients in different areas. Their newly constructed properties can give you a lot of fresh ideas. This leads to the next point.
Numerous Aussies have taken advantage of the First Home Owners Grant (FHOG) to supplement their budgets when purchasing a home for the first time. The good news is that you can still qualify for up to $10,000 in government assistance when you build a new home as this provision has not been stricken from Western Australia’s state budget for 2015-2016. Moreover, stamp duty concessions and land tax for family homes remain as is.
Plenty of home loans are also being approved within the state, as noted by the Australian Bureau of Statistics. From 53,811 approvals in February, loan approvals in March rose to 54,686; total housing loans financed were valued at $31.62 billion. It is interesting to note that a 1.6 per cent increase in housing loans was tallied for owner occupiers. The figures are in accordance with the Reserve Bank’s move to lower the official cash rate to 2.25 per cent and exceed the expectations of local economists.