Property News & Updates at Arramont

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So, You’re Thinking of Downsizing? You Need to Know This.

Good reasons to downsize your home can happen at any stage of life. Maybe you’ve found yourself with a suddenly empty nest or you’ve recently retired. Perhaps you’re keen to embrace simple living or looking for ways to save on daily expenses. Orperhaps you’ve just binge-watched too many ‘Tidying Up with Marie Kondo’ episodes on Netflixand are now all about that minimal lifestyle! Whatever the reason, here are some good things to know before you downsize. Get packing asap? - Don’t judge how long a downsizing move will take you based on your pastmoving experiences. Deciding on what will stay and what will go takes far longer than throwingall your worldly possession into boxes. Think months, not weeks. There’s an emotional elementto consider too. Invite the whole family around to help with the elimination process (especiallywhere beloved childhood mementos are involved) and make it a celebration. Donate with discretion? – You may feel good about gifting things that won’t fit into your newlystreamlined lifestyle to charities and causes. But do familiarise yourself with what items certainorganisations will and will not accept and also how they prefer to receive donations before youstart sorting out your stuff. It will save you from embarrassment and time wasted upon beingrejected and save them from unnecessary disposal costs. Know your neighbourhood?- A smaller living space means you may experience the urge to getout of the house more often. You don’t want to feel stuck inside your new home, particularly ifdownsizing was not purely by choice. Make sure to choose a location with lots of elements toexplore or plenty of planned amenities. Before you move, subscribe to local lifestyle blogs,follow council pages for community news and events, even make your own personalisedGoogle map of things to do, eat, try, see and buy nearby. Happily, owning a smaller homecould mean you have more spare change and spare time to help you get out into the world! Look to the future? – Sure, you’re planning on aging like a fine wine. It still pays to think aboutwhether a home will continue to suit you as you get older. If you’re downsizing, it’s quitepossible that this could be your forever home (and thank goodness, moving is stressful). So askyourself: is it close to healthcare and community services, are there too many steps, is thebathroom design accessible? What about parks nearby for the grandkids to run amok? Space exploration? – Storage will be a key feature of your new downsized home. Buying a newhouse and land package (find Arramont’s extensive home and land package options ?here?) orbuilding a home from scratch can be handy here because you can often adapt the design tomatch your exact storage space needs. Can you pop a cupboard under those stairs? Makethose in-built shelves floor to ceiling? Add in an extra closet in the spare bedroom? Including enough storage from the get-go is so much easier than renovating later.Finally, don’t forget about the ‘Downsizer Measure’. If eligible, this law means you couldcontribute up to $300,000 (each) from the sale of your former home to your Superannuation.That makes for a great retirement boost

Community

Making the Most of Your Block Space

Building your own house to your own specifications and vision is one of the most rewarding and fulfilling decisions a homeowner can make. New land releases in Melbourne are rare; deciding what to place on your block can be a decision fraught with indecision and frustration. Do you want to maximise your living space, or do you want a larger backyard? What about space for kids and pets? Do you want to downsize from what you had previously? Is growing your family a factor? All these questions are worth considering when settling into Arramont. Going Vertical Single storey homes on smaller or narrower blocks of land will have some limitations on space by nature. Adding an additional storey can easily add extra space to a home. If you aren’t looking to build up, having higher ceilings, adding a skylight and opting for a lighter colour palette can create a feeling of openness and space. Building vertically can double your living and storage space and provide picturesque views of the parks and natural flora surrounding Arramont. Orientation of your Home The orientation of your home is important not only for space-saving but how much light you want to let in over the course of the year. You should understand how the sun moves across your site and design around it. Orienting living areas north or north-east can make a marked difference in how much light can filter in. Internal Space flowing to the Outdoor Optimising internal spaces that flow to your outdoor space or backyard is also a prime design factor in making the most of your block space. Can you design your living area with glass doors or a deck that creates one continuous, clean view of your garden or yard? It can make your home feel much more spacious as a result. Doubling Up – Multi-Purpose Rooms If you are quite limited in your block size, you may have to make better use out of your rooms than simply having one function. A living area can be set up with storage space as well as a study nook when it’s not being used as a family room. Bedrooms need not be supersized, as building good internal storage such as built-in robes can decrease clutter and the need for additional wardrobes or storage. Look at What's Nearby Many homeowners place a premium on having as much backyard space as possible. However, at Arramont, your home is surrounded by protected conservation areas and lush, wonderous park locations. If living in a wide-open space is your priority, it is more than met by the local Wollert Estates area. This means you can compromise more on outdoor space than you may have originally figured. Need help with designing your dream home at Arramont? Our team is standing by to assist. Call us on 1300 965 537 or have a chat with us at our sales office at 290 Craigieburn Road East, Wollert.

Community

What Do You Need to Know as a First Home Owner?

Buying your first home can be an exciting but confusing time. With so many options available, it can be hard to know where to start. Here at Arramont, we believe that your journey to first-home-ownership shouldn’t be complicated. That’s why we have put together the following guideto help you navigate the first homeowner waters. Research the market All well-executed projects start with research, and the purchase of your first home should be no different. You will want to determine where you’d like to buy, what the recent trends are for your preferred neighbourhood and a realistic budget. This research phase is a great time to see if you are eligible for any government grants or stamp duty concessions as a first homeowner. Know your budget Whether this is through talking to a bank and getting a conditional pre-approval or crunching the numbers yourself - knowing your budget is a crucial factor in purchasing a home. Your budget will help you determine the required deposit amount and how much you can afford to repay for your mortgage repayments. It’s essential to be realistic with your budget; you don’t want to commit to 30-years of paying for something you really can’t afford. And don’t forget to set aside a bit for landscaping! Discover your new community for local amenities. Are they already established? Or are they planned for the future? Are there train or bus services close by? What about supermarkets and educational facilities? Now is the time to consider what you will need not only now, but into the future. Find your place So you have your budget and your preferred community, now it’s time to find your dream home. From purchasing land-only or a house and land package, there is something out there to suit everyone's budget and preferred lifestyle. Have a look around at display villages, and get an idea of the style of house you want. Make sure you are looking at homes that will fit your budget, lifestyle and block size. Consider the number of rooms you may need in the future, three bedrooms may suit now, but you may eventually need four. If you need help figuring out your first homeowner journey, the Arramont team is on hand to step out the process for you. Pop into the sales office at 290 Craigieburn Road East, Wollert or give the team a call on 1300 965 537.

Community

Should You Consider a House and Land Package?

Whether you’re looking for a place to live in or invest in, purchasing a house and land package is often the easiest option! Let’s take a look at the benefits that house and land packages have over buying land alone (then doing a custom build later) or buying an existing house, and also why packages may be the better choice for property investors. Why it beats buying land only Opting for a house and land package can be far less stressful than securing a vacant block of land with a view to building a custom residence on it later. Developers, builders, architects, and interior designers have already done a lot of research and legwork for you in terms of designing a home that fits the land size and shape perfectly and meets all regulations. Packages are typically less expensive because they are often offered in bulk and come in designs and materials the builder has worked with before. And you’ll know exactly what you can afford as the price is fixed from the beginning; no more tricky negotiations or auction day disappointments! Another benefit is the time saved. There is no time wasted in hunting for the perfect builder, securing their services, the back and forth of creating a new design or looking for specialized tradespeople. You’ll be surprised at how many extra tasks you’ll have to do yourself during a custom build. A house and land package means your family can move in sooner! Why it’s better than purchasing an existing house If you meet the eligibility requirements, the FHOG (First Home Owners Grant) equals a cool $10,000 coming your way. To sweeten the deal further if you intend to live in your new home for longer than 12 months you’ll also be eligible for the PPR (Principle Place of Residence) concession. Not sold yet? In addition, you’ll save on stamp duty as you’ll only be paying it on the land portion of the package. With existing homes, it’s hard to find the colours, fixtures, and fittings you love without adding further cost or renovations and if it’s a “fixer-upper” you may not even be able to move in on settlement day. The older the house is, the higher the chance that you’ll find something broken or not quite right once you move in. Plus nothing compares to that feeling of coming home to a brand new house! Why it’s good for property investors The previously mentioned cost-effectiveness, time and energy savings and predictability aspects of buying a house and land package equally benefit investors. Yet there are more advantages. Brand new homes depreciate faster than existing ones, meaning investors can claim the maximum tax benefits (according to their situation). Builders warranty means your investment will be more protected than an older home for years after it is completed. Finally, one of the most attractive reasons for investors to choose a house and land package over an existing property is that brand new homes attract both higher rent and better tenants! Offering a perfect balance of city convenience and semi-rural freedom, Arramont Wollert has a variety of packages to suit all needs and budgets, for more information on house and land packages, follow this link www.arramont.com.au/house-and-land, call 1300 965 537 or drop into our sales office located at 290 Craigieburn Road East, Wollert.

Property News & Updates at Arramont

So, You’re Thinking of Downsizing? You Need to Know This.

Making the Most of Your Block Space

What Do You Need to Know as a First Home Owner?

Should You Consider a House and Land Package?

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