How To Save Money For A New Home In Melbourne

Building a brand new home in Melbourne is probably one of the biggest purchases that any couple or family will make. Whilst choosing a site and a design for the home can be pretty simple, however, it is saving up the money to fund the project that becomes a real issue. Use the following tips to help you save enough money for your home:

• Begin saving at least 6 months before you would like work to commence on your new home. Remember that the longer you save, the more likely you are to have a considerable size deposit.
• Research all of the builders, house and land packages, architects and drafters in your state to determine what the lowest price and the highest price you could pay will be.
• Determine how much money you can realistically save between now and the time you would like work to commence on your home. Don’t forget to take into account bills and other surprise costs.
• Draft up a realistic budget for the time you have set aside for saving and make sure you stick to it. If you manage to save more money that you budgeted for, that’s great!
• If you have any existing debts (on your car, personal loans or an existing mortgage), begin paying them off as soon as you can. This will help to reduce additional interest on your new loan.

As you can see, one of the key factors in ensuring that you have saved enough money for a new home in Melbourne is planning. In part two of this blog, we will look at some other ways that you can save money, including by lowering your utility bills, increasing your income and reducing your spending. Remember that the home is the goal!

Pros and Cons of New House Builders Land Packages in Melbourne

Choosing new home builders to create a home for you in Melbourne involves many decisions, including choosing exactly what architectural design you want, where you want to live, and how your home needs to suit your family. By purchasing a home and land package, you can deal with many of these issues in one fell swoop, thus simplifying and optimising the process of constructing your own home.

Home and land packages are a great idea for those customers who feel baffled when faced with the problem of purchasing land and simultaneously hiring a new house builders to create an original residence. These packages are available in a variety of ideal locations, whether you want to live remote from the city or need a convenient base right in the centre of the action. To find out more about the economic pros and cons of choosing a home and land package, you can visit a government supported seminar on smart property investment.

The majority of home and land packages are situated, however, in outer suburban estates. These locations have a number of advantages and disadvantages, so you should consider carefully whether this is the right option for you.

The main disadvantage is, of course, the distance of the outer suburbs from the city, and for many people this is makes all the difference between choosing a land package and choosing an old home. The advantages, however, include a higher level of comfort, a fresh and vibrant lifestyle and a home designed to your wishes. 

Explaining Warranties for New Homes Melbourne

If you are thinking of having a new home built in Melbourne, you should also be thinking about the various different warranties you can receive for the materials and processes used in the house. After all, if there is any purchase you make that you definitely want to last a lifetime, it is the house you will share with your family and friends. Unfortunately, the warranties on offer for houses are not as straightforward as for other products available in stores, as there are numerous different elements, such as the architectural plans, materials and workmanship of builders, involved in the production of your new homes in Melbourne.

Because managing disputes between clients and builders can often be very complicated and troublesome for both parties, it is important to develop a positive and communicative relationship with your builder early on in the construction process. This communication should include an explicit and comprehensive warranty policy, so that should problems arise after construction has finished they can be dealt with easily and rapidly.

Besides the structural elements of your completed house, there are many more warranties you will need to keep track of when building, decorating and moving into your house. These include warranties for all major kitchen and entertainment appliances, heating and cooling systems, furniture and anything else you purchase for your house, such as fire alarms or landscaping materials. When choosing any product or service, you can use the warranties offered as a good indicator of the long lasting quality of the product you are considering. 

How to ask home builders to cut the cost of construction

When the price of land and construction materials are going continuously up, it is really tough for a person with limited earning to spend umpteen grand to build a luxury or trendy house. If you too falling short of money and have a dream to build a house of your own, you can ask your home builder melbourne to cut the price. Though, home builders are expert enough to suggest you the best cost cutting ways, still you can make your contribution by advising some ideas. Here is what you can suggest.

• Choose a land that are ready to build a house, doesn’t need extra retaining walls, or require cost for tree removal.
• Go for simple architectural design. Don’t go for arch design, cathedral ceiling and multiple peaks on the roof. Avoid building large room sizes having unused and unnecessary space, keep home size comfortable.
• Build two-storey house and save money on plumbing and foundation. Attach your garage with your house and leave an unfinished bonus room for expansion in future for finishing and plumbing.
• Avoid natural stones like granite for countertops. Opt for mosaic stones or any man made stone to get a cheaper option.
• Make use of recycled materials, such as used doors, windows, lighting, fireplace, and any other items that fit your requirements of your house design.
• Take up some work that you can do by your own, like painting and staining or woodwork. When you move in do landscaping of your backyard and front-yard yourself.

With these simple tips you can cut cost on construction to far extend. In future when you save some money, you will always have an option of renovating your house and get it designed just as you dreamt for.