Upsides to Downsizing
We know that downsizing from your family home full of loads of memories into something completely different, can be a little daunting. Most of the time people want to downsize because their kids have left home, the house is becoming too much to maintain, or they just want to release some of the equity they have in their home. It’s an exciting chapter in life and an opportunity to choose a home suited to you and all the days you want to call it home.
But how do you go about it? What about finding rentals in this market? The uncertainty when deciding the right builder? Finance options? These are all common concerns of downsizers. Let us show you the path that many downsizers have taken before you.
Finding land
Our number one tip in the building journey is ALWAYS engage your builder before buying a block. It is really important that you speak to the experts in building before you buy a block you want to build on. This is because there are so many unseen factors that determine what a ‘good’ block actually is. If you have a block in mind, we can look at the shape, size, slope, soil condition and services to more accurately provide an estimate on your cost of siteworks and therefore your overall budget for such a project.
To make your block hunting easier, we also have a range of exclusive blocks of land available across the Perth Metro and South West regions we can offer you through our Premium Developer partners.
Choosing a design
After finding the perfect block, we can provide a range of design options to maximise the liveability of your home on your block. Depending on the size of your block, you might have to consider whether you will build a single storey or two storey home. A lot of more narrow blocks are suited to two storey designs. If this is a home you want to grow old in, will you want stairs? How much storage are you going to need? Do you have a caravan or boat that you need to account for? These are all considerations we can help you with for your home design.
Sorting your finance
To save you the hassles of selling, moving, moving again, storage cost and disruption, in some cases, you may be able to use the equity from your existing home to finance your new home. This would mean you can stay in your current home while you build your new one.
It’s important to speak to an expert who can help you understand your finance options. Our partners at Resolve Finance can take you through the different options available for your unique situation and they also have access to exclusive finance options available only to ABN Group customers.
So, if you are thinking of downsizing, be sure to get in touch. Our priority is to understand you and the home that you want. We can do this by working through each of the above steps and provide all the information you need, including a comprehensive quote to help make your downsizing journey that little bit easier.