BUYING HOUSE AND LAND PROPERTIES FOR INVESTMENT: WHAT YOU NEED TO KNOW. According to banking analyst Martin North from Digital Finance Analytics, a good number of first home buyers (FHBs) are purchasing their first ever homes not as owner-occupiers, but as investors.
Speaking at the release of the latest J.P. Morgan Australian Mortgage Industry Report, North said that oversaturated markets in Australia—where owner-occupier loans are virtually impossible to obtain—have forced FHBs to get interest-only loans for investment properties backed by rental income. FHBs are being denied access to the residential property market in past decades because the average price-to-income ratio in Australia has now ballooned by a factor of 9 (a few decades ago, the multiplier was as low as 3 times). Yet instead of being frozen out of the residential property market, young FHBs are simply switching how they penetrate it to take better advantage of tax privileges widely available to investors. Surveys Say Aussie Buyers of New Homes for Sale are Getting Older. How Home Builders in Perth, WA Help You Live a Sustainable Lifestyle. It pays to consider sustainability and environmental responsibility in every choice you make these days.
It pays to consider sustainability and environmental responsibility in every choice you make these days. You can feel good knowing that you are helping the environment on some level and at the same time take delight in all the health and economic benefits that come with sustainable living. – buzzhomes
You can feel good knowing that you are helping the environment on some level and at the same time take delight in all the health and economic benefits that come with sustainable living.
If you are in the market for a house and land package in Perth, then adopting a more sustainable lifestyle can help you enjoy those same rewards for years or even an entire lifetime. With a new home construction, you can have more control over the outcome and ensure that the property has zero negative environmental impact. The same may not be true of existing homes that may have been built at a time when sustainable and green designs were not as highly valued as they are today. Home Builder Considerations and Saving Money on a New Home in Perth.
A new set of data shows that housing block sizes in Perth continue to shrink. According to the Herald Sun, data from the Urban Development Institute of Australia (WA) shows that the typical housing block size is now smaller, on average, by 123 square metres from seven years ago. – buzzhomes
UPSIDES OF BUYING A NEW HOME. When buying a home, you’ll be making a lot of decisions.
One of them is whether to buy a new home or a pre-owned home. Buying a new home as opposed to a used one has a number of advantages. Obviously, the home will really feel “yours” if no one has lived in it before. Moreover, you can personalise certain aspects of the design. 3 Tips on Designing Your Baby’s Nursery. Considerations to Discuss with Your Home Builder. With the median house price in Perth falling and staying lower than Sydney, Darwin, and Melbourne, several prospective homeowners are starting their shopping for a residential property in Western Australia’s capital city.
With the median house price in Perth falling and staying lower than Sydney, Darwin, and Melbourne, several prospective homeowners are starting their shopping for a residential property in Western Australia’s capital city. – buzzhomes
Suburbs like Ellenbrook, Baldivis, and Canning Vale are among the most popular with sales soaring in these neighbourhoods.
Are you also a first-timer planning to build a new home? Make sure you know what to look for when purchasing house and land. Here are the top considerations to discuss with an established home builder in Perth: Favourable Location. WHAT IS A CONSTRUCTION LOAN? When buying an established home, you’ll need the entire amount of the loan withdrawn at once.
This is in stark contrast to buying a home that is built from scratch, as construction takes place in phases, and paying a loan for a finished house when it is actually under construction is less favourable to the borrower. For future homeowners who prefer to have their home built, they can turn to a construction loan. With a construction loan, the loan balance is released in stages, according to how the construction process progresses. Each major phase comes with a corresponding amount, and as the next stage is reached, the next portion of the funds is released. This allows a borrower to make interest payments based only on the amount released, instead of the entire loan amount right from the start. In general, construction loans are broken up into five stages, which may be categorised as Slab Down, Frame Up, Brick Work Completed, Lock Up, and Final Completion.
Improve Your Chances of Home Loan Approval. FIRST HOME BUYER COSTS TO CONSIDER. For years, you’ve laboured to save money for a deposit on your first-ever home.
For years, you’ve laboured to save money for a deposit on your first-ever home. Now, you finally have your target amount, and you’re eager to get the purchase process started. However, perhaps you only looked at the purchase price and didn’t consider additional costs. – buzzhomes
Now, you finally have your target amount, and you’re eager to get the purchase process started.
However, perhaps you only looked at the purchase price and didn’t consider additional costs. According to experts, generally, you should expect to pay 10 percent more than your home’s listed price. It’s important to include these additional costs in your computation to avoid headaches later on. Tackling First Home Owners Grant for Parents. Steps to a New Home: Location. With over 300 suburbs and local government areas (LGAs), Perth is quite huge.
Yet, the second step in owning a new home demands that you settle in one of these suburbs or LGAs. This part of the process can take you weeks or months because you want to be sure your new neighbourhood is a good one. Experienced renters who are looking to own a new home are at an advantage because they have probably lived in a number of places over the years; however, if you’re starting from zilch, you might have to go on a road trip across Perth. Do your research on your shortlist of suburbs and LGAs, travel to those places, and get a feel for the surroundings. Investing in Display Homes for Sale. Your First Home as an Investment. Investing in property is such an attractive concept.
Investing in property is such an attractive concept. The prospect of showcasing or renting out one’s own home is something many people look forward to. – buzzhomes
The prospect of showcasing or renting out one’s own home is something many people look forward to.
If you’re looking to buy your first home, you may want to think of it as an investment rather than merely a place of residence. Whilst most folks would rather wait until after their first or second homes to do so, with a proper plan in place, you can actually start much sooner than you think. The benefits of investing. THE UNSUNG FIRST HOME BUYER'S BENEFIT. As a first-time home buyer, you stand to benefit from the First Home Owner Grant (FHOG) of $10,000.
With the right home builder, you may also enjoy more financing perks and savings. Is that all there is to it, though? Creative Solutions for Common Home Design Issues. There will always be a point when you look around your home and feel like there are some things you can improve.
It could happen as you move in, or months later when you think your home décor needs a few touch-ups. Here are some common home design issues that you might encounter and some creative solutions to address them: When it lacks warmth Do your rooms look too sterile, or do they lack that homey feel? Add warmth through hot colours! COMPLYING WITH INT’L ENERGY EFFICIENCY STANDARDS. An energy efficient home is built using technological improvements in construction materials and techniques that permit a homeowner to save on energy costs.
An energy efficient home is built using technological improvements in construction materials and techniques that permit a homeowner to save on energy costs. – buzzhomes
These improvements are integrated into the home itself to provide comfort and good health, as well as contribute to its aesthetics. The first energy-efficient homes were expensive to build because the materials and labour were likewise costly. Today, energy efficiency in a home can be achieved at a very affordable price. When purchasing a new home, you need to find out how it fares against the modern energy efficiency standards set by the best in the construction industry. Phases of the Home Building Process. Home Building Tips For First-time Homeowners. There are many things that can aggravate you when you’re having a new home built.
There are many things that can aggravate you when you’re having a new home built. Being able to engage an experienced building contractor is already half the battle won. Ultimately, however, the final outcome, as all final decisions do, rests with you, the owner. – buzzhomes
Being able to engage an experienced building contractor is already half the battle won. Ultimately, however, the final outcome, as all final decisions do, rests with you, the owner. Here are some tips to ensure that your home construction project proceeds with the fewest obstacles possible. Plan It All. TIPS FOR FIRST-TIME HOME BUYERS. Owning a home for the very first time is an exciting endeavour for anyone.
Owning a home for the very first time is an exciting endeavour for anyone. This process may prove lengthy and challenging, however, without the proper mindset and knowhow. – buzzhomes
This process may prove lengthy and challenging, however, without the proper mindset and knowhow. To ensure a favourable outcome, here are a few things to keep in mind. First, determine what type of home would best suit your needs. There are a number of options available, from a traditional home, to a townhouse, to a condo. Choose one that meets your homeownership goals. What you must know about FHOG in Western Australia. Making Your New Home More Sustainable. Building a new home gives you the liberty of having it designed as you please.
Building a new home gives you the liberty of having it designed as you please. With this advantage, you can tweak the house plans until they suit your aesthetic fancies. Of course, you can also make the home more practical to complement your lifestyle. – buzzhomes
With this advantage, you can tweak the house plans until they suit your aesthetic fancies. Of course, you can also make the home more practical to complement your lifestyle. HOUSE VS. CONDO: ADVANTAGES AND DISADVANTAGES. Where you live affects everything about you, so it’s important to examine the type of home you’ll buy when you’ve saved up enough. Houses and condos both have their pros and cons, and first-time buyers are usually divided in this issue. Here are some factors to consider when choosing your first home:
The Benefits of Owning a House. Surveying House and Lot Trends for 2015. As real estate professionals review housing trends with the close of 2014, they see 2015 to be a good year for first home buyers. According to reports, early 2015 will see an abundance of available lands, a trend that started in late 2014. This is driven in part by a rising demand for affordable housing, with acceptable minimum lot areas downsized from 600 square meters to 450 square meters. Competition among land developers is also seen to propel lower-cost properties, further driving the demand for new homes and attracting previously hesitant buyers. Speaking of smaller lots, home builders and designers will be designing more and more for functionality in a compact space, and will most likely be employing unique and quaint ergonomic architectural layouts.
Builders will also be looking into alternatives for the old brick-and-mortar way of constructing houses, but retaining the attractions of brick-laden homes. POINTERS WHEN BUYING YOUR FIRST HOME. Shielding the House from Fire. Characteristics of Modern Style Homes. Are you fond of clean, clutter-free, sleek spaces? Then modern-style homes should be right up your alley.
Here are a few of the inherent qualities of modern-styled homes which continue to capture the attention of the new millennials. Minimal ornaments – Modern homes are characterized by minimal decorations. All the decorative embellishments you normally see in other architectural styles (say, Victorian with all those fancy lace trims) are significantly toned down in modern homes, creating a clean feeling all around. Simple exteriors – A modern style home is as distinguishable outside as it is inside—everything concerning the exterior is straightforward. 4 Questions for the First-Time Home Buyer. Buying your very first home is an exhilarating experience, especially when it’s in beautiful, sunny Perth. But while your head might be in the clouds, a first home buyer should have their feet planted firmly on the ground to avoid stumbling hard along the way. BuzzHomes — Two Rules to Live By for First Home Buyers.
Plan Well When Buying Perth Home and Land Packages. How to Turn your Dream House into a Headache.
Unfortunately, a similar number of people also begin to regret purchasing a house once the “honeymoon stage” is over. If you are purchasing a home for the first time, be sure to avoid doing any of the things below. – buzzhomes
CHOOSING A HOUSE AND LAND PACKAGE. If you’re thinking of getting a house built, you basically have two options: either buy the house and the land separately, or opt for packages that offer you both for a fraction of the cost.
If you’re thinking of getting a house built, you basically have two options: either buy the house and the land separately, or opt for packages that offer you both for a fraction of the cost. – buzzhomes
Such packages are typically offered in new development areas, and they often come with a pre-determined house plan that suits the nature of the block of land. Mapping out the Building Schedule. Are You Eligible for the FHOG in West Australia?