With plenty of time available to contemplate our situations, many of us are considering what we can do to improve our homes, our lifestyles and ultimately our futures. For younger people, there probably hasn’t been the set of circumstances now available in terms of grants and financing before. In actual fact this works very much in favour of those who now own their own homes or have a majority equity in their property.
How, you ask? Let us explain. For many people their family home is in fact their most significant investment. It represents their major capital item and for many it is a serious financial component in their retirement plans.
With the market becoming more receptive via the Federal Government Homeowner Grants providing up to 50% of the required deposit, many younger people in the housing market can now see a pathway to home ownership.
It seems many young couples and young buyers are now considering purchasing apartments, units and townhouses as a significant step towards their ultimate goal of home ownership. This is a boon for older homeowners wishing to move on to their retirement homes, or those simply wishing to downsize yet maintain a comfortable lifestyle in a modern apartment, unit or townhouse.
The right move can be achieved through a dual occupancy strategy (one property sold or rented out and the other for the owners to live in). Alternatively, the same principals can apply with an apartment complex of 4-6 apartments or a townhouse development with similar numbers. As has been stated earlier it really comes down to the property equity and the availability of finance to those with significant equity, with younger buyers now eager to participate in the real estate market.
Then there are those that simply see a pathway to their forever home ‘by the sea’ or ‘in the trees’. By demolishing your older property and constructing a new strata titled development, it is possible to finance your ultimate dream home by the sea or the edge of the forest. Modern comforts like climate control, open plan living, indoor/outdoor dining and kitchen areas, bifold doors, floor to ceiling glass and a swimming pool spa and sauna are all within reach with a new modern construction.
There is a strategy here that works. Take the time to arrange a consultation with SLR Concepts Building and Construction at your convenience. Call 03 5981 0661 and arrange a site visit, or a virtual conference via Skype, Messenger, Whatsapp or Zoom. Or leave your details here for a prompt response
For those with large blocks and older housing stock here is a chance to achieve the future you’ve been dreaming of. SLR Concepts have an enviable track record in the construction of luxury homes, apartments, townhouses and units. Talk to the experts and start the process from Local Government permits right through to Lock-up stage.
You can trust SLR Concepts Building and Construction. They’re simply the very best.
SLR Concepts – Quality, Comfort and Design – Luxury living.