KNOCKDOWN REBUILD OR RENOVATE – WHAT SIDE OF THE FENCE DO YOU SIT?
Whether you should knockdown and rebuild or renovate is a hotly debated topic amongst many Australians and it can mean the difference between adding a few extra greys and making your bank manager smile. So let’s take a look at the advantages of each option…
Knockdown rebuilds are a good idea when…
- You need to work to a fixed budget: renovations are renowned for uncovering hidden issues within a structure, leading to unexpected costs. As you probably know, whenever you are renovating you need to have a contingency amount put aside, and sometimes even that won’t cover it. With a knockdown rebuild you know exactly what the final cost will be from the outset.
- Your suburb is undergoing a housing transformation: If the façade and size of your house is out-dated and smaller than surrounding homes, then your overall property value could be affected. This is not about keeping up with the Jones’, but ensuring your home is capitalising on the street value and not dragging it down.
- You want to downsize and/or upgrade without having to leave the neighbourhood: a knockdown rebuild can open up many options. As well as being able to build out and up you can also subdivide your block of land and sell off part or build a duplex. Essentially, a knockdown rebuild means you can create an income and upgrade your fittings and fixtures, without having to leave the area you know and love.
- Maintenance issues are increasing: patching up an ageing home can feel like you are chasing your tail; new roof and guttering, wiring, plumbing, even foundations can need replacing as your property Fixing problems as they arise may spread the cost out over time, but if you add up the expenses, on top of any renovations you may be planning, then your mortgage will most likely be suffering.
- You need to move major services in your property if you renovate: moving services that are required for a kitchen and/or bathroom, such as gas and plumbing, can add significant costs to your renovation budget and can quickly blow out. If you can’t avoid such moves it may pay to price up alternative options such as a knockdown rebuild so you have a clear understanding of all costs before making a decision.
- You want to do more than simply add solar panels to reduce your energy costs: new homes are built to be environmentally sustainable and energy efficient. Improved building materials, quality insulation, passive solar design, water tanks and solar panels are now part of new home designs as standard features – not just tacked on at a later date.
- Carrying out major extensions require new foundations and rooflines: Starting fresh can be a wise solution to ensure your home foundations are exactly what you are after and of course structurally sound. If you are going to be investing a considerable amount in this project then you want the finished home to be exactly what you want without having to compromise due to existing foundations and rooflines.
Or finally…
- Your home is screaming ‘demolish me’: sometimes you won’t have a choice: fire, termites, fallen trees, and a million other scenarios, may take the decision out of your hands and there is nothing left to do but call in the bulldozers. Knockdown rebuild professionals can take all the stress out of that process for you by arranging everything from demolishing your property through to quality construction.
One the other side of the real estate spectrum, renovations can be an attractive option when…
- You are a qualified tradesperson: If a renovation is within your skill level (and you have the time) then it may save you money to renovate, as well as give you a sense of personal and professional achievement.
- You live in a heritage listed home: sometimes knocking down a property and starting from scratch isn’t an option. Besides the fact that you may love the period features and original charm, there may be legal requirements restricting what changes you make.
- You only want to make small tweaks here and there: if your home only requires putting up a few floating shelves and a lick of paint, then obviously renovate away. Cosmetic renovations are essential for homeowners to put their stamp on the space and also keep it up to date with the latest colours and styles.
- You don’t have small children, a demanding job or plans to relax on weekends: while the financial costs may be significant with a larger style renovation the other big cost can be time. Instead of the streamlined construction, typical of new home builds, you will need to manage many different trades, budgets, schedules and of course be able to commit your own time.
- You have deep enough pockets and big ideas: like all things in life, sometimes you have to follow your heart. If you can’t think of anything better than whipping out your hammer and paintbrush and giving a DIY renovation a go, then of course go for it. All we can say is please do your homework first, get experts involved where possible and good luck.
Want to know more about knockdown rebuilds?
Valley Homes has been completing knockdown rebuild projects in Maitland, Newcastle and the Hunter Valley for many years. Our experienced team will take care of the entire process for you, from council approvals, demolition, custom design and construction. If you would like to discuss anything about getting your own knockdown rebuild underway, talk to us.
Further reading
- Turn Your Knockdown into a Knockout is a comprehensive article outlining the top five reasons why people choose a knockdown rebuild
- The great realities of a Knockdown Rebuild discusses why better results can be achieved with a knockdown rebuild instead of opting to renovate.
THE DRAWCARDS OF BUILDING A DUPLEX
If you had to describe one of the biggest drawcards a duplex has to offer ‘two for the price of one’ might spring to mind – and surprisingly it’s not all that far from the truth either. Plus, the benefits don’t end there…
Opting to build a duplex instead of a single dwelling has the potential to double rental yields or markedly improve profits for investors. Owner-occupiers can also benefit from a duplex build, as it can provide an ongoing income if one property is rented, or the money from the sale of the other property can substantially reduce or even halve your mortgage.
Plus, by only having to buy a single block of land to build two homes the land cost is essentially half the price per home – bargain! On top of that the cost of building a duplex is almost always dramatically less than building two individual, freestanding homes. With all of that in mind it quickly becomes obvious that there 
are many advantages to investing in a duplex development – but is it the right option for you?
These days everyone loves a duplex
First home-buyers, young and older families, empty nesters and even retirees are all key sections of the real estate market showing increased interest in duplex options. While there are vast differences in the motivations for each of these types of buyers and renters there is a unifying benefit for investors or owner-builders – attractive return on investment. Basically, the increased popularity means the rental yields have rock solid potential and buying a single block of land and turning it into a dual property can result in double the sales.
Of course, you still will need to do your research to ensure this type of development suits your investment plans, as well as the market demand in your chosen area. So get to know your preferred suburb, its features and amenities, and the relevant real estate environment, i.e. it pays to determine what properties are selling/renting and what figures are being achieved. After you have that research sorted you will need to secure a quality builder with local experience, and ideally one who manages the entire process.
A duplex is all about location and land
Due to limited land availability in inner city and urban areas, and rapidly rising house prices, the types of homes many potential buyers and renters seek are changing. For financial reasons freestanding, ample yard homes are just not an option for many these days, or alternatively that type of home isn’t appealing if time or age is a concern when it comes to keeping up with the required maintenance.
For buyers and renters who are seeking a prime location and the lifestyle that comes along with that, the most realistic and appealing option often comes down to a choice between living in a duplex or an apartment. While many benefits run parallel, a duplex offers something an apartment can’t – land. Land in combination with a good location is what can provide longer-term capital gain and becomes a great point of difference for investors and homeowners interested in building a duplex.
Three additional reasons a duplex has great market appeal
A duplex only shares a single wall, as opposed to an apartment where buyers and/or renters could end up sharing multiple walls, floors and ceilings. A duplex also has some ground floor outdoor space, such as a courtyard or small yard for pets, entertaining or kids. Depending on the title structure a duplex also has much more flexibility when it comes to alterations down the track.
A duplex can have strata or a non-strata title
Each state in Australia has variations on strata laws, however it is something investors and owner-builders need to get familiar with, especially if one or both properties will be rented. The Strata Schemes Management Act 1996 outlines all the technical stuff you need to know. In short, unless you have come to an agreement to seek exemptions you often will need to establish an administration fun, a sinking fund budget and also pay joint annual insurance premiums. That being said the Strata Act is currently being fine tuned, which is why getting professional advice from a specialised lawyers is a good place to start.
Large or compact – a duplex can suit many land configurations
Many experienced duplex builders are able to best make use of your block of land, whether it is narrow and deep or wide and shallow, expansive or more compact. As long as you have adequate square meterage a contemporary design with street appeal (important to maximise capital growth) is always an option.
Most modern duplex designs will present a two-storey option to ensure the available land is being best utilised, while providing the dwelling the maximum floor space. A cleverly designed duplex will create the same sense of space and luxury that a similar freestanding home would, but importantly without the overheads.
Valley Homes are Newcastle and the Hunter duplex experts
The Valley Homes team of experts are here to talk you through the available designs and floor plans and help you determine if a duplex is your ideal development option. Plus, we'll manage the entire process: design consultations, planning and council approvals, quality construction and premium finishes.
DISPLAY HOMES – DESIGNED TO DAZZLE, NOT NECESSARILY DELIVER
Display homes serve a purpose for the mass production line approach to building, which they ‘display’. They are key selling tools for building quick, affordable estates, but they aren’t always what they seem…
What you see isn’t always what you get
As you step out of your car and walk up the beautifully finished driveway and landscaped front yard to the commanding portico entrance your eyes are wide with excitement. Opening the front door to a display home will set your real estate dreams buzzing. That is what they are designed to do. But usually nothing of what you have seen so far (driveway, landscaping, portico) is a standard inclusion in the price.
They have lured you in with dreams of grandeur and it doesn’t end there. Top of the range fixtures and luxury inclusions will dazzle throughout; the kitchen and bathroom will no doubt impress with high-end bench-tops, premium tiles and extravagant appliances. All of which is good if that’s what you want and can afford, but don’t expect the advertised price to include all of these wow-factors as you walk through the house.
Everything on display isn’t in the advertised price
If you asked the sales rep taking you through the property to give you an actual price of everything you see in the display home, you will probably find that it is nowhere near the base price being advertised – and the cost to replicate the home as you see it can often drastically changes the value of building a production-line style home in the first place. Flexibility is limited and any addition or alteration you want to make from the standard package will cost you time and money – and you still end up with a home looking exactly the same as everyone else in the street, no cheaper than if you went to a reputable builder offering quality in-house designs.
Mass production can have its price pitfalls
The mass production building model, which utilises display homes, is effective at reducing costs. They do this by buying up big and then farming out the materials across multiple builds. This means savings can be made on material costs and even labour can be streamlined if the new home builds can be arranged to occur simultaneously or in close proximity. Because this building technique heavily relies on the customer using the specified materials to take advantage of the cost-cutting measures, if any changes or upgrades to materials occur the final price can be dramatically altered.
In-house designs are the new go-to in affordable, quality houses
Display homes and off-the-shelf builds used to be one of the only cost efficient housing options – not any more. In-house designs are now one of the best ways to secure a quality home that dazzles like a display home at a comparable or cheaper price. How? Firstly a builder utilising in-home designs doesn’t have the overheads of building a display home to sell the design, which equates to substantial savings across their entire design portfolio. Plus, because the cost isn’t so tightly aligned with the bulk material model the designs are more flexible and any changes made won’t necessarily see you being lugged with exorbitant variations.
Tailor your level of involvement with in-house designs
Far from simply taking your money and building the house exactly as you see it on the plans, an in-house design package by a reputable builder will allow you greater involvement, which translates to control, if you want it. Instead of shying away from alterations to the original design an experienced builder will actively encourage it, so your home is personalised to suit your lifestyle and your needs, all within your budget.
There are many decisions to be made when building a new home and while sticking to the base design options available through a display home may reduce some of the stress associated (including hidden costs) you may not end up with a home you actually want to spend time in. For people who know what they want from the property the amount of options available are less daunting and more exciting. Besides, a builder experienced in in-house design builds can help navigate you through the options best suited for your selected design, style and budget – streamlining the process for you.
Flexibility on all levels with in-house design
Display homes usually have very specific block size and slope requirements. For example, if the block of land you have purchased is a sloping block or is an unusual shape, i.e., narrow or an acreage, then you may find the display home options extremely limiting. In-house designs however can often be more flexible as there are usually more options available in the first place, plus they are fully customisable to ensure your new home makes the most out of the location and the land specifications.
Sign on the dotted line with confidence
Whether you opt to go down the path of a display home build or want the added flexibility and personalisation of an in-house design you need to do your research. Housing builds can be a minefield of council requirements, design finalisation, engineering certification and construction – display homes and in-house designs alike. So when you choose a building company to trust with such a significant amount of money, make sure they are experienced and manage the entire process for you.
It’s also often a good idea to ask the builder if you could see some builds that were recently completed or better yet if you could speak to the owners to get first-hand feedback on the entire process. Plus, get it in writing what the final package is going to cost – after all you need to be comfortable with the price, as well as the finishes, fixtures and overall design.
Valley Homes has a host of In-House Designs available to choose from backed by a team of experienced Building Designers and over 40 years of building expertise. Talk to our team to find out how we can build your dream home.
COUNTRY HOME DESIGN – ENJOY THE PERFECT DAY, EVERY DAY
Wide-open spaces, stunning vistas and breathtaking sunsets; country life is about enjoying the natural beauty that surrounds you – all in the comfort of your luxurious, cleverly designed, acreage home.
7am – good morning!
Your master bed is perfectly positioned so you can effortlessly draw back the curtains and see the early morning sun dappled on your favourite eucalypt.
Good country home design means getting the most out of the stunning parcel of land you have tucked away in country NSW. Good design ensures your floor plan and positioning take advantage of any views you might have, makes the most of sunrise and sunsets, as well as integrates the natural elevations and existing greenery, ponds, creeks etc.
There are many clever design elements to seamlessly bring the outside in; large windows, sliding cavity and bi-fold doors, even vertical gardens all increase the sense of space and proximity to nature when you are comfortable inside. Glass pool fences keep little ones safe, comply with regulations, and also allow the landscaping and natural surrounds to be true features.
8am – breakfast is served
Savour your favourite breakfast perched comfortably at your spacious breakfast bar, adjoining the kitchen and overlooking a private little garden.
If you’ve ever watched a home renovation television show or read any magazine such as Australian Country or Hunter Lifestyle you would know the phrase ‘kitchens sell houses.’ The reason is two-fold – apart from kitchens being a substantial investment, getting a kitchen right can drastically change the feel and functionality of a home.
Whether you consider yourself a gourmet cook or prefer a ready-made meal, your kitchen should incorporate intuitive design to be stylish and functional – whatever the task. A quick breakfast needs a comfortable, well-positioned breakfast bar. A large family needs a well-stocked pantry or better yet a walk in butler’s pantry. An entertainer needs an oven and stovetop that are up to the challenge of cooking many different dishes at once. The list goes on. On top of the actual cooking and food prep the kitchen also needs to create a sense of flow within the surrounding space.
An acreage home generally means you have more freedoms in regard to kitchen size, so ultimately a successful kitchen will come down to selecting the right plan from a reputable country home builder. Look for a builder that has great working relationships with local suppliers specialised in designing and fitting out kitchens. Such as how Valley Homes has specialised in-house designers and works with renowned local kitchen builders Valley Kitchens and indoor and outdoor tile suppliers Amber Tiles and Carpet Court.
11am – room to live and breathe
You and your loved ones happily potter about in the open plan living room, flowing out to your deck or shady courtyard; reading books, listening to music and simply enjoying the space.
Clever acreage floor plans allow families to enjoy being together without being in each other’s space. It takes advantage of the larger plots of land to maximise living spaces, while carefully creating a sense of cosiness through zoning. While you can create zones through interior design, zones can also be planned at the building stage. This might include a quiet nook for reading in the evening, an inbuilt desk to keep your daily tasks organised and in easy reach, or a large lounge area with built-in entertainment. Talking these things through with your designer and homebuilder at the outset will help you make the most of your space.
Other elements to keep in mind when building are what little luxuries you would like. This might mean integrated sound systems so that your favourite tracks are never far away, ducted air-conditioning and well-placed fans keep you cool and comfortable when things are heating up or cooling down outside, or simply the type of flooring you would like – soft woollen carpets, natural timbers or even sleek modern tiles. A quality homebuilder specialising in country acreage designs will have extensive knowledge and access to sought-after finishes and fittings to help you give your home the wow factor.
3pm – entertain, play and sunsets
Your friends and family look forward to get-togethers at your home and enjoy afternoons by the pool and alfresco dining under the stars.
A country home is just as much about the outside as the inside when it comes to entertaining too. Inside an acreage-style home there is the flexibility to have a theatre room, formal dining area for dinner parties, or even room for a pool table. Outside there are opportunities to incorporate a barbecue or even outdoors kitchen into the landscaped garden and pool area. A well-designed country home should be where your friends and family all want to come to escape.
The clear advantage when it comes to designing a country home is the amount of space you have to play with. If squeezing your dream home onto a 450m square block in an inner-city suburb seems unrealistic and often too expensive to secure the block in the first place, opting for a full acre in somewhere like the Hunter Valley could be one of the best decisions you’ve made.
9pm. Relax in your piece of country paradise
And when the day is almost over your luxurious bathroom is the ultimate place to relax and take in the sunset through your thoughtfully placed window.
Just like kitchens, bathrooms sell houses too. A good bathroom is more than clean and functional, it is a retreat, a room you actually want to spend time in. Country bathroom design has come along way since the outhouse days. Any quality design team knows how integral a well-positioned and well-appointed bathroom and ensuite can be to a new homeowners overall satisfaction and long-term happiness with their home.
Great country house design in NSW means including all the best fittings in the most functional and stylish way possible, without being constrained to a tiny space; a deep bath instead of just a shower, possibly a double vanity with overhead and under-bench storage, even a double shower head instead of a single.
An acreage-style home is the Australian dream at its best
Valley Homes has six luxurious floor plans to build your modern house in rural Australia – from the expertly laid foundations to the stylish and strong rooftop there is a package to suit your needs. The Acreage Series is everything you would expect in good country home design – and is fully customisable to allow for your properties views and orientation. Talk to our in-house team of acreage specialists today.
PORT STEPHENS – THE DUPLEX DREAM
Port Stephens appeals to holidaymakers, retirees and investors – making it an ideal location for investors to build low maintenance and land efficient designs.
Whenever an investor builds a duplex they are effectively increasing the land’s equity with relatively low financial risk – making it a very appealing option for both experienced investors and first-time investors alike. So when an investment builder has the financial requirements in place for a duplex project and a quality builder on board, the success of such a project will often come down to the chosen location.
Conducting independent research into the strength of the chosen market(s) is highly advisable to ensure your investment has a good chance of being profitable. Coastal locations, which also boast great facilities, are almost always a sound investment – and with Port Stephens this is most definitely the case. According to an article featured in the Newcastle Herald, Port Stephens showed a large growth rate of 9.6% in 2014 – one the regions largest.
Duplex builds are appealing to a wide variety of potential buyers and renters, however a particularly active market for duplexes in Port Stephens is the retirement sector. Retirees are drawn to duplexes because many want to downsize from their current large family home, but aren’t prepared to move into one of the many retirement homes or over 55 villages located in the area. Duplexes are also typically a sound investment as they offer a relatively secure return, plus there is potential to earn a rental income.
Port Stephens has real estate appeal
Astute investors are drawn to Port Stephens for a number of reasons:
- Coastal lots available and many residential developments underway.
- Property market shows strong growth of 9.6%.
- High rental demand, especially in the high season for tourists.
- Close proximity to Newcastle, Hunter Valley and Sydney.
- With Australia’s aging population, Port Stephens provides ideal facilities and lifestyle options for retirees looking to get out of their busy lives in Sydney or Newcastle.
- Newcastle Airport only 25 minutes away with daily coaches to Sydney.
Buyers and renters are drawn to Port Stephens for the lifestyle, including:
- A range of golf courses, day spas, cafes and restaurants, shopping and d’Albora Marinas.
- Cruise, boat, dive, snorkel, canoe and surf its impressive waterway (larger than Sydney Harbour!)
- Walk or hike in Tomaree National Park or 4WD in Worimi Conservation Lands.
- Well-appointed Medical Centres, community centres and a huge variety of clubs and hobby groups.
Duplex options
Whether you intend to rent out both, rent one and live in the other or sell both, a duplex offers a very flexible solution for potential investors wanting to build in Port Stephens. For example, people seeking a duplex may be intending to:
- Buy both properties from an investor and be owner/occupiers to secure additional rental income
- Rent a single side of a duplex.
- Build the duplex, rent one side of the duplex and live in the other side.
- Build the investment and sell both.
Duplexes for rent
Whichever style of rental you choose, you don’t need to manage the property yourself. Local property managers can take care of all of the legal requirement, paperwork and financial services. For investors choosing to rent their Port Stephens duplex, there are two main rental options:
Holiday rental – tap into the lucrative holiday rental market by turning your duplex into a holiday house. Sites such as Port Stephens Accommodation, Stayz and Home Away can give you an idea of the current properties available to rent.
Permanent rental – with this option the weekly rental income will be lower than the above option, however you will have a guaranteed income throughout the year and are most likely have less repair requirements.
Duplexes for sale
Investors have two main options when it comes to selling, either sell one or both. The chosen option generally comes down to whether the investor wants to be an owner/occupier or if they simply want to sell the entire duplex project to turn a relatively quick profit from increasing the equity of the land. Both options have the potential to return a profit, however the speed at which a profit/income is earned is vastly different. An investor wishing to determine which solution is best should talk to a reputable financial planner.
Know your duplex plan
Building to rent, sell or to live in a duplex may affect the plan you choose and how you finish the build, i.e., if you are planning to rent out the duplex it may require a more cost effective fit-out with hard wearing fixtures and minimal extras. Whereas a duplex for an investor planning to live in the property themselves may require more high quality features, such as stone bench tops, luxurious carpets etc. When calculating your financial projections it is important to include property maintenance for both properties to fully understanding of your potential return.
Valley Homes has a suite of high quality duplex plans available, which are ideal for the Port Stephens investment market. They feature single and double storey plans, open plan living, intelligent storage options and classic street appeal. Talk to the Valley Homes team of experts – they’re a great place to start gathering all of the essential information for your Port Stephens duplex project.
Previous Duplex articles featured on Valley Homes:
Duplex in Demand – read up on what is a duplex, the flexibility the type of build provides for investors and also a duplexes broad market appeal.
Duplex by Design – get some insider knowledge on what to look for when building a duplex, from selecting the right block to fine tuning the budget.
DUAL OCCUPANCY: OPENING THE DOOR TO INVESTMENT
When you picture a property developer, you probably envisage an individual of significant means. However, diving into the world of property investment is more attainable than you might think.
The economic advantage
One of the most economical types of property development is dual occupancy and there are a number of reasons why. Firstly, with dual occupancy you have the option of building on the land you already own. Provided your local council regulations allow it (see point 2 below) and your block is big enough, you could sub divide your property and build another completely separate home on the block.
Then, depending on your lifestyle choice, you could: rent out the new home; upgrade by moving into the new place yourself and rent out your old house: or, you could sell one of the houses and put the profits away for the future.
Dual occupancy is also a great option if you love where you live, but the maintenance on your old home is untenable as you approach retirement. By knocking down your old home and choosing to build a dual occupancy property, you’ll be able to afford to live in a brand new home with the profit from the sale of, or rent from the lease of, the other home. Which brings us to economic advantage number two.
Two for the price of one
Secondly, if you’ve bought a block of land, it makes economic sense to consider building a brand new dual occupancy such as a duplex. Compared to one large home, a duplex is an affordable way to practically get two homes for the price of one. Again, you’ve got several options in terms of opting to rent or sell – the choice is yours!
Whether you’re considering a knock down rebuild, or you’ve bought a vacant block, don’t be put off by its size when it comes to building a dual occupancy dwelling, including a duplex. A reputable builder such as Valley Homes has lots of different home and duplex designs to choose from, whether you’ve got a narrow block, a corner block, or one with a slope. For example, when it comes to duplexes, if you’ve got a very wide street frontage, a design like the Myall makes use of the space and maximises privacy with the only shared wall being between the garages.
Or if you’re after a double storey home, the Baybreeze creates ample space for a family with living areas on the ground floor and bedrooms upstairs. These are just two of the duplex designs Valley Homes offers.
Plus, you can always choose a custom design for your dual occupancy so you can build homes that include all the features you desire.
Tax incentives
The tax benefits of dual occupancy depend on whether you sell the second home or rent it out.
Sellers: By building a new home on your existing land, moving into it and selling your old home, you’ll avoid capital gains tax and GST. The ATO is a great resource for finding out more on this option.
Renting: Choosing to become a landlord and renting out the second home also brings tax incentives by way of negative gearing. In a nutshell, negative gearing is when the return on an asset that produces income, such as a new home, is less than the amount borrowed to invest. Again, if you’re new to all this, start with the ATO for the basics on the tax perks and implications of having a residential investment property.
Where to start?
If you think dual occupancy might be a viable option for your property investment strategy, it’s important to get some things in place before you begin.
1. Money matters
Talk to your lender about finance. It helps to have any necessary preapprovals in place before you begin considering the options.
2. The red tape
Like any property development, dual occupancy is bound by certain rules and regulations. As mentioned above, you need to consider the council requirements (building in Newcastle? Check out the local government checklist), any formal agreements on your land that might prevent dual occupancy, and if you’re building on a block you already own, find out if it meets the size specifics in terms of frontage, services and slope.
3. Disaster fund
If your block is in a bushfire or flood zone, it will increase the cost of building – make sure you factor for this in your budget.
4. The three Rs: research, research, research
There’s no point building a dual occupancy dwelling if you’re not going to be able to cover your costs through the sale or rent of the second home. Real estate agents are your best friends when it comes to researching sales and rental prices in your area. Then, once you have a good idea of the likely return, make sure it’s enough to cover your build and any ongoing expenses.
Property investment doesn’t have to be a daunting prospect; the answer could be in your own backyard! Talk to Valley Homes today about dual occupancy and see how it’s a wonderfully affordable way to get your foot in the investment door!
REINVENTING THE TERRACE
When you think of a terrace house, it’s often the old-fashioned Victorian era home that comes to mind. However, these days, architects are re-imagining this old style of house to provide 21st century Australians with a home that’s not only affordable, but also incredibly stylish.
What is a terrace?
First things first. Let’s establish exactly what we mean when we say ‘terrace’. This is a home that has its own private grounds and has no dwellings either above or below it. While a terrace is often attached to another home, they can also be freestanding, but are often very close to neighbouring houses – sometimes less than half a metre separates them. A townhouse falls under the same definition.
Narrowing it down
So why would you choose to build a terrace or townhouse? If you’re a property investor, building a complex of townhouses or a row of terraces could be a great development strategy.
For homeowners, a standalone terrace or townhouse can be a fantastic choice of home for certain blocks. For instance, if you find a narrow block in your dream location, a cleverly designed townhouse or terrace could provide you with a spacious home that maximises your property.
By design
When you’ve got a tricky sized block, it’s worth considering employing an architect to design the plans for a townhouse or terrace. An architect can bring their creative problem-solving skills to designing your home, ensuring it’s customised to meet your needs. What’s more, unlike the cookie-cutter designs of the townhouses and terraces of yesteryear, today’s interpretations can be designed to your tastes – from adding traditional touches to keeping it sleek and minimalist.
If you want to use an architect to design your terrace or townhouse, the Australian Institute of Architects is a great place to begin your search. And don’t forget good old word of mouth. Ask around for recommendations and try to have a look at some homes that suit your style.
Built to order
Of course, once you’ve found an architect and designed your new home, it’s time to look for a builder who has the experience to bring your plans to life. Valley Homes has extensive experience of working with local architects and they pride themselves on the relationships they’ve established over their 40+ years in the building business.
A mix of old and new
If you’re yet to decide on a location for your terrace or townhouse, have you considered Maitland? Valley Homes has built many houses in this thriving city that’s just a short drive from Newcastle. Locals love it because it blends history and modernity with a lovely peaceful vibe to boot. While there’s plenty of new land opening up around Maitland, you can still find lovely pockets in the heart of the action that would be perfect for a standalone townhouse or terrace.
Valley Homes would love to bring your architectural designs to life so contact them today to see your house plans transformed into a beautiful home.
5 TIPS TO MAXIMISE YOUR RETURN ON INVESTMENT
Choosing to invest in property is one of the most secure investments you can make. Major Australian cities are crying out for new developments to boost quality of living for their residents.
While many Australians still dream of living in a house, the popularity of units and apartments is soaring, meaning a multi-unit development can be a smart investment choice – find out if it’s the right decision for you.
Once you’ve decided to invest in a unit, flat or apartment, there are some key tips to keep in mind for maximising your return on investment.
1. Research your location
Where would you like to construct your investment property? While selecting a location that’s close to a CBD is an obvious choice, there are still advantages to be found in investing in a multi-unit development in rural areas.
2. Choose a reputable builder
The construction of a new multi-unit development is a huge decision and you want a builder with many years of success and a varied portfolio. Look for a builder with construction experience both large-scale and small. For example, Valley Homes has completed large-scale developments for clients including the Defence Housing Authority and the NSW Department of Housing. This success is in addition to the completion of small and medium investment projects.
3. Find the right tenants
Once the construction of your multi-unit development is complete, one of the most important ways to maximise your return on investment is attracting the right tenants. You’ve chosen a great location for your property and selected a reputable builder, now make sure you’ve done your research and you’re charging a reasonable rent.
4. Consider a property manager
One of the ways to help with tip number 3 is to think about putting your investment property in the hands of an experienced manager. Not only will they help you find reliable tenants, but they’ll also be able to ensure the ongoing security of your investment. Of course, there are costs involved, but that brings us to point number 5.
5. Understand the tax
One of the reasons property investment can be a great road to go down is the tax incentives. You can really ensure the return on your investment by making sure you’re claiming all the deductions you’re entitled to. These can include: the fees and commission your property manager charges, maintenance of your units, flats or apartments, council rates, insurance, travel to the property and more. You might also be able to negatively gear your investment and reduce the tax on your primary income. When it comes to tax, there’s a lot to get your head around and the ATO is a great place to start.
The development of a property as an investment should be an exciting experience and by following these tips you’ll be on track to maximise your return. Get the construction ball rolling today by talking to the Valley Homes team – they’re ready and waiting to help!
ACREAGE LIVING: WHEN BIGGER IS BETTER
The opportunities for acreage living in Australia are incredibly diverse. You can find acreages on the fringes of major residential areas, near the coast or in rural towns. Whatever your choice of location, acreage living can hold great appeal.
1. Serenity
An acreage property means you’re a long way from your neighbours. If you enjoy the quiet life, what greater way to start the day than to throw open the doors onto your verandah and enjoy breakfast with just nature for company. The luxury of seclusion also means you’re not disturbing anyone either. You’re free to party until the early hours, or let your children be as rowdy as they please without raising the ire of your neighbours.
2. Space
Not only will your children have the freedom to be boisterous, but they’ll have the space too. Imagine sending your children out to play knowing they’re reaping the benefits of plentiful fresh air and not having to worry about pollution or the dangers of traffic.
Of course, increased space also means there’s more to maintain. However, this can also be a plus for families as children have the opportunity to learn responsibility and practical skills that can stand them in good stead for later life.
3. Self-sufficiency
Greater space means you have the luxury of being able to grow a lot of your own fresh fruit and vegetables. If you’re a keen gardener, just think of the pleasure you’ll gain from filling your home with beautiful fresh produce.
You’ll also have room to keep animals – chickens for eggs, goats to keep the grass down and even horses if you’re a keen rider.
4. Expand with ease
The design of your acreage property is entirely up to you. Unlike building on smaller inner-city land, you’re not as restricted and you can choose a floor plan that meets your needs. There are certain luxuries that come with acreage development, and whatever the house you initially choose, there’s always room to expand. Perhaps your friends become so envious of your lifestyle that they visit more often, or maybe you’re planning to have more children; the bigger your property, the more room you have to expand your home.
The first steps to living the acreage dream
If you can see yourself enjoying all the advantages of living on an acreage property, or you’ve already chosen your land, it’s time to start researching the type of home you could build. Valley Homes is an essential start and we guarantee, the perfect place to end!
Browse the Acreage Series where you’ll discover six floor plans to choose from. Each is individual in its design, but they’re united in the luxury they offer. You can go with the set plans, or add your own flair to make sure your home becomes the dream you’ve always envisaged. Talk to the Valley Homes team today to start bringing your acreage home vision to life.
ATTRACTING TOP TENANTS: TIPS FOR INVESTORS
If you’re considering property investment, one of the major keys to success can be summed up in two words: quality tenants. So what are some of the most important considerations for attracting the right tenants who will ensure the vacancy rates on your property are kept minimal and your property is looked after?
1. Location
It sounds obvious, but as an investor, you want to choose a location where people want to live. A city like Newcastle is a great choice as it’s certainly on the up and up. The new terminal has just opened at the airport, making the city even more accessible. Construction is moving ahead on the university’s new campus, adding to the city’s reputation for excellence in higher education. Plus the revitalisation of the coastline from Nobbys Beach is makes soaking up the coastline even more enjoyable.
What’s more, with the city’s strong economy, world-class healthcare and lively social scene, it’s little wonder so many Australians are clambering to call the country’s second oldest city home – great news for property investors!
2. A quality property
Being a well-established city, Newcastle has many existing homes available to purchase as an investment property. However, there’s nothing like building a new house to attract high quality tenants. A beautiful new home with a modern design will appeal to renters who take great pride in their surroundings and are therefore more likely to look after your investment.
A new home also has less maintenance issues, which is not only a bonus for you as the owner, but holds great appeal for renters as they won’t have to worry about things going wrong with the house.
What’s more, if you choose to build a new custom home, you can design it to suit the type of tenant you’d like to attract. Perhaps you’d like the security of having a family renting your home as once they get their children settled into a school, they’re less likely to move. To meet their needs you could design a home with large living areas and outdoor entertaining spaces. Or you might consider the pros of attracting older tenants and design a new house that’s single storey with minimal yard maintenance.
3. Reasonable rent
Do your research on rental rates for homes comparable to the one you’d like to invest in and make sure you set a reasonable amount. The rental market in Newcastle is generally healthy, but you can keep an eye on its movement.
Rental return is another reason why building a new home is a wise choice. Potential tenants who earn a high income are prepared to pay higher rent for a new house.
Property investment is a very individual decision, but if you choose to build a new house in Newcastle, make sure you speak to the experts at Valley Homes. Our in-house team offers a complete service, taking the stress out of building and ensuring you end up with a property that quality tenants are lining up to rent.
DUPLEX BY DESIGN: CHOOSING THE RIGHT PLAN
With Sydney house prices sky-rocketing, Newcastle and the Hunter Valley are proving smart places to build an investment property. One of the most savvy investment choices for these areas is a duplex, as they have great appeal for those looking to build and sell, as well as those looking to live in one half and rent out the other.
Who wants to live in a duplex?
If you look at the demographics of Newcastle and major Hunter Valley towns such as Maitland, you’ll see a significant proportion of the population falls within the 20-39 age bracket. This is exciting for investors looking to build a duplex. Why?
Firstly, a big chunk of this age group are first home buyers for whom a duplex is a great way to get their foot in the property door. While they might not otherwise be able to afford the average price of a house in some of the more affluent suburbs of Newcastle and the Hunter Valley, with a duplex they can live in one side and rent out the other, thus making their mortgage repayments more affordable. So if your investment plan is to build a duplex and sell both sides, there’s no shortage of potential buyers.
Secondly, many of those in the rental market also fall within this age bracket. Again, while many young people dream of living close to the beach or in the heart of the action, they often can’t afford to rent a large house. Build a duplex and you could live in one half and your chances of getting the rental return you’re after on the other half is high. What’s more, by living in the other half of your duplex, you can keep a close eye on your investment.
Choosing the right design
Once you decide that a duplex is the right investment choice for you, it’s time to consider a design. Here are some of the important things to consider before you make a final decision on a plan.
1. Block
It’s best to have your block before you choose a duplex design. While you no longer have to look for a large block to build a duplex as modern designs cater to different sized blocks, think about aspects of the land that will affect day-to-day living such as sunlight and aspect to make sure that the design you choose provides optimal conditions for both occupants.
2. Lifestyle
If you’re going to be living in one half of your duplex, how do you envisage your home to look? It’s important to make sure your design fits your lifestyle. For example, how many bathrooms do you need? Are you a one or two car family? If you have children, would you like all the bedrooms to be together or separate? How many storeys do you need? If you choose Valley Homes to build your duplex, you have a choice of 10 designs that cater to all sorts of lifestyle choices.
3. Budget
The beauty of a duplex is that the price of the build is comparable to a house, but the rental or sales return you gain makes it very affordable. Still, it’s important to be realistic about your budget and stick to it. Thankfully, with a reputable builder such as Valley Homes, you have a choice of duplex prices.
Valley Homes’ custom design team is waiting to talk to you about building a duplex, so why not take advantage of their extensive experience and get in touch today.
GOOD THINGS COME IN COMPLETE PACKAGES: HOUSE & LAND
Newcastle is a fantastic place and it’s not just us who thinks so – The Australian newspaper certainly agrees! If you’re looking to build a new home in this vibrant city, you can still find land available in the suburbs surrounding the CBD. However, there are some exciting new developments opening up in towns such as Weston, Cliftleigh and Ellalong that are further out from the city, yet still within commuting distance to the centre of Newcastle. What makes these new areas attractive to those looking to build a new home is the opportunity to take advantage of a house and land package.
What exactly is a house and land package?
As the name suggests, a house and land package includes a block of land and the house you’d like to build on it. You have a choice of home designs and a reputable builder such as Valley Homes will make sure you get the best plan for the block.
You’ll also get a turnkey contract, which means that the builder takes responsibility from the design of the home through to its completion. You take over when it’s literally time to ‘turn the key’!
Aside from the convenience, there are 10 reasons house and land packages are a smart investment.
A house and land package sounds attractive – how do I start?
Deciding to build a new home is a huge decision and there are some important considerations before you sign a contract.
1. Find the right suburb
As we mentioned above, house and land packages are often found in areas that aren’t in the heart of the city. Does this suit your needs? For example, you may need to consider access to public transport if you don’t have a car, check out how far away the nearest shops are, and if you have children, research schools and day care centres. A great idea is to have a chat to a few people who live in the area to see what they love about it.
2. Choose the best block
The block of land can affect the type of home you build. While size is obviously important, you also need to consider slope, elevation and aspect. If you love the afternoon sun in winter, make sure you consider the orientation, or if you fancy a view, check out whether the land has the elevation to allow it.
3. Ask the right questions
Choosing a house and land package should make the process of building a new home stress free. However, this is only true if you have the right builder. A reputable builder should be able to answer all your questions and put you at ease. For example, inclusions should be one of the first things you enquire about. You don’t want any surprises. Also ask about the different layouts available. A good builder will be able to offer you a range of floor plans to suit your lifestyle. Then make sure you have a clear idea of construction times.
With many stunning house and land packages available in the Newcastle region, as well as a stellar reputation dating back to 1971, Valley Homes can confidently answer all your questions regarding house and land packages, leaving you reassured that you’re making the right decision. Talk to the team today.
LIVE-IN INVESTORS AND DUAL OCCUPANCY
When choosing to subdivide your block of land with the intention of living on the property, there are two main options with the other dwelling – renting or selling – and it pays to know which category you fit into because each option can affect how and what you choose to build.
Scenario 1: Live in one and rent the other
For first-time investors who already own and live on a large block of land, dual occupancy is one of the most common types of developments. This is simply because subdividing your existing block of land to create a dual occupancy increases the land’s equity with relatively low financial risk. Plus, by renting out a property you benefit from ongoing rental income. However, when calculating your financial projections it is important to include property maintenance for both properties to fully understanding of your potential profit.
You may choose to move into the new property and rent out the old/existing building or vice versa, either option shouldn’t impact too much on your ongoing income (depending on the condition of the existing property). However, it will affect the new build, i.e., if you are planning to rent out the new property you will want to choose cost effective, hard wearing fixtures with minimal extras. But if this is to be your new home you may want to tweak floor plans and add better finishes, such as stone bench tops or higher quality carpets – and this will impact on your overall investment for the initial build.
Scenario 2: Live in one and sell the other
This is very similar to Option 1 in terms of knowing which property you want to live in to ensure you are investing wisely. However, instead of catering to a rental market, which requires a particular set of inclusions and means dealing with tenants, you will be looking for the selling potential and what is attracting buyers to your area. Talking to real estate agents and experienced dual occupancy builders will help you determine the best options regarding the build to maximise your property and potential profits.
The other main difference with selling one of the properties is ongoing income versus the one-off sale price – and this will be determined by your investment goals, i.e., you may be planning to use the lump sum from the sale to either pay off your mortgage or re-invest into another development project. Either way, make sure you get sound financial advice outlining all options before settling on an investment plan. Becoming financially independent and debt-free may be better for your individual situation in comparison to taking on further debts for potentially greater profits down the track.
Not sure what Dual Occupancy actually is or if it’s for you?
Dual Occupancy Property Simplified outlines the basics to get you started.
Next steps: The best place to start to get all the facts for your particular situation and block of land is to talk to experienced dual occupancy builders. Valley Homes has years of building experience in Maitland, Newcastle and the Hunter Valley and our team is ready to help get your investment goals started.
THE GREAT REALITIES OF A KNOCKDOWN REBUILD
Renovation reality shows are all over the television at the moment and while they boast great results they have also highlighted three things that all renovations have in common – they are expensive, take a lot of hard work and unexpected issues arise all the time. All three things create great drama for television, but in reality a knockdown rebuild creates better results. Here’s why:
Custom design your dreams
Once your house has been demolished your design options are only limited by your budget, property size and your imagination. With a custom design you can finally have your ideal floor plan without having to be confined with the current shape and size of the existing building. Create that dream open plan living area, build that bathroom that says luxury spa or include space for that walk-in wardrobe you’ve always needed.
New means less maintenance
Every single thing in your home will be new again – no old wiring or plumbing, you’ll have fresh plaster, the house frame will be strong and your roof will be rock solid. Plus, all of the interior fittings will be new too – your kitchen and bathroom will be fitted out with the latest inclusions. All of this means that once you have signed off on the price, you won’t be reaching into your pocket for unforeseen repairs any time soon.
No need to pay stamp duty
Yes you have to pay for the demolition of your existing property when you choose to knockdown and rebuild, but you don’t have to pay stamp duty, which can be quite a hefty figure. Basically stamp duty is a fee to the government you have to pay when a sale or transfer of land is completed. By choosing to build your dream home on land you already own you avoid this expensive fee.
Energy efficient construction
Many older homes weren’t built with the Australian environment in mind and the materials at the time were just not as advanced as what is available today. A new home will be built to comply with the latest environmental requirements, including insulation and optimised water and energy usage. It can also incorporate custom designs to provide the best lifestyle outcomes and make the most of property aspect.
Fixed pricing with turnkey assurance
When you choose to build a new home with a reputable, experienced builder there are a host of benefits. Such as, they usually deal with all the council regulations and requirements and have local knowledge and suppliers. But more than simplifying the entire construction process, they have a price and stick to it. The unexpected extra costs of a renovation don’t have to be a concern when you are building new.
Think a Knockdown Rebuild might right for you?
Turn Your Knockdown into a Knockout is a comprehensive article outlining the top five reasons why people choose a knockdown rebuild project.
Valley Homes has years of Knockdown Rebuild experience in Maitland, Newcastle and the Hunter Valley. We take care of the entire process for you, from council approvals, demolition, custom design and then construction.
Our team is ready to help get your dream home underway.
IN-HOUSE DESIGN VS. ARCHITECTURAL DESIGN
If you have a block of land you intend to build on, or are currently shopping around for your ideal building site, then you’ll be well aware that your next big decision will be a big one – whether to use a building designer or an architect to construct your dream home. We happen to believe a building designer wins every time.
What is the difference between an architect and a designer?
There are actually many similarities between an architect and a designer. That is, both can produce equally creative homes and may be involved throughout the entire construction process. The main difference is an architect has a degree in architecture and needs to be registered with their state’s governing body. Whereas designers may be tertiary educated, they don’t have any formal education, registration or licensing requirements in most Australian states, including NSW. However, building designers still have to comply with building and planning regulations. Meaning, with either option the final house will be structurally sound and comply with the latest energy efficiency requirements.
Top 3 reasons why choosing an in-house plan from a building designer is a good decision:
1. Price
While you may find an architect who can deliver a fully customised design for a similar price to a pre-designed homebuilder’s, what you may end up discovering is for that price you are making some rather large concessions – and this may mean reduced size. In-house designs from an established homebuilder usually start at a very competitive price. Plus, after you have finalised the design, with any customisations you require, the price is usually fixed. This can be a huge advantage when keeping to a set budget.
2. Experience
The level of experience for either an architect or a building designer is quite important when choosing which you will put in charge of your home design. However, something to consider with a pre-designed plan is that the house plan is actually experienced as well. For those seeking a completely unique design, this may not be appealing. However, if it’s a reliable, contemporary design you are after (which can still be customised to suit your lifestyle and personality) then you can’t go past an in-house design.
3. Complete package
Housing builds can be a minefield of council requirements, design finalisation, engineering certification and construction. When you choose an in-house design from an experienced building company you will also be signing up for their complete package – streamlining building process. That is, most provide the full service complete with turnkey peace-of-mind.
Valley Homes has a host of In-House Designs available to choose from, backed by a team of experienced Building Designers and over 40 years of building expertise. Plus, if you are already working with an architect we can also take care of the construction elements of your build. Talk to our team to find out how we can build your dream home.
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MULTIPLY RETURNS WITH A MULTI-UNIT DEVELOPMENT
Increasing your development yield is possible with dual occupancy, duplex and multi-unit developments, but if you have the means and the right team to work with a multi-unit development will help you reap the biggest rewards – whether you choose to buy or to sell. So is a multi-unit development right for you?
What is a multi-unit development?
A multi-unit development takes advantage of higher density zoning to provide the opportunity to build multiple units on one block of land. The number of units can start from as little as three and can extend to as many as the property, council restrictions and budget allows. The more units that can comfortably fit within your property the greater potential you have for increasing your return on investment – that is increased equity, rental returns and/or profits.
How many units and what size is best?
Before you secure your block of land, try to do some research in the surrounding area. If your suburb attracts a lot of young families who want a private courtyard and a little extra space, then you might find larger townhouses are what the area demands. Alternatively if your property is close to a University or is in an inner-city area, which attracts a lot of single renters/buyers or young couples, then multiple one-bedroom and studio style apartments might be a better option. Knowing your target market will also help you determine what extras you should include in the design plans.
Should you sell or rent your multi-unit development?
Selling or renting really comes down to the individual (or property syndicate) investment goals and the funds that are available to them. For example, selling brand new units is the quickest way to pocket a return. However, if the rental market in your area is strong enough, the maintenance and property management fees etc. will be far outweighed by the rental income you stand to make. It is wise to get a financial planner or your bank to help breakdown the potential costs versus return for all options and go from there.
Next steps for developers and investors…
If you have decided to build a multi-unit development, have selected your property and have established your financial goals, then the next step is to get the project underway. There are many specialist companies who can work through the complete process for you – an invaluable advantage for first-time developers or investors – including initial feasibility, concept design, pre-development negotiations with council, subsequent approval and scheduled construction of the project. Regardless of your experience, try to find a company with experience building multi-unit developments to increase your chance of a solid return on investment.
Valley Homes is your local company servicing Newcastle, Maitland and the Hunter Valley, specialising in providing small to medium density construction solutions for investors and developers. Our team has experience with the construction of both large-scale government and smaller private projects. Talk to us about your multi-unit development plans.
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SUCCESSFUL ARCHITECTURAL DESIGN – IN 5 SIMPLE STEPS
The first step to building your architecturally designed dream home isn’t finding the perfect block of land, an architect, or even a reputable builder – although you will have to do all three – it’s finding out exactly who you are and how you want to live.
Step 1. Answer the big questions first
You probably have visions about what your home will look like and what your new life will be when it is all finished – write it down – including all of your big ideas. If you’re going to the trouble of hiring an architect to design your home when there are many excellent and most likely more affordable pre-designed floor plans available, there must be a reason. Know what you want included to make the house really yours. Plus, make sure you include the basics, such as the number of bedrooms and kitchen size – as this will help in Step 2…
Step 2. Determine your budget
It’s critical to your project to find out how much money you actually want (and have) to spend, ensuring you give yourself room for contingencies. Setting your budget now will help you narrow down options and make faster decisions later on – and there will be plenty of decisions to make throughout the building process. When you are happy with the information you have in front of you, only then are you ready to start on the exciting and rewarding journey of building your very own architecturally designed home. Strap yourself in.
Step 3. Listen to the location
The location and size of your land will dictate many things about your build, so it is fairly important to know this from the outset. A narrow inner city block in Newcastle calls for a very different design to an expansive luxury acreage in the Hunter Valley. You may already own your block of land – and may already live on it – or you may be buying in an entirely new area. Regardless, try and get a feel for the space, its outlook, neighbouring properties etc. This may actually help you with any unanswered questions from Step 1.
Step 4. Choose your ideal architect
The architect is the person or organisation you are handing your dreams over to, to custom design a home that brings your vision to life – so take your time. Research the styles and specialities of the architects in your local area. Find out who are winning the awards and if their style suits your own. Talk to their most recent clients and find out if they were happy with the service they received. It pays to also make sure they are registered with the New South Wales Architects Registration Board.
Step 5. Call on construction experts
Building a new home is one of the biggest investments many people make in their lifetime, so it makes sense to only trust professionals. Unless you are a qualified builder with a team of construction experts behind you, this is probably not a job you want to cut your teeth on. It is advisable to look for someone who knows the local trade, has good relationships with local suppliers and is willing to work with the architect of your choice. Plus, an experienced builder will be able to provide you with accurate costs from the outset!
If you are already up to Step 5 and are looking for a local builder to work with your chosen architect, the Valley Homes team is up for the challenge. Talk to us today.
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DUPLEX IN DEMAND: THE ATTRACTION IN NSW
The urbanisation of many cities and towns in New South Wales has seen the demand for duplexes increase – making duplexes a profitable investment option with strong returns and plenty of market appeal.
What is a duplex?
A duplex is basically two properties, which have been built on one block of land. They typically share at least one common wall and fence, but they have no shared entrances or rooms etc. They are the happy medium between having a large sprawling block that requires maintenance and the confined space of an apartment – that is you have adequate outdoor space for entertaining and to enjoy your own piece of private sunshine, without having to spend weekends mowing! Which is a bonus not only for those living in the property, but also for investors who choose to retain control of property maintenance. Most modern duplexes have three bedrooms or greater, include open plan living and entertaining areas, two bathrooms and a garage. So there is really no compromise when it comes to space and liveability.
Flexibility for investors
Because of the flexibility available with a duplex they often have broad market appeal. The choice to become owner-occupiers has proven to be a popular option for investors, wherein they live in one half of the duplex and then either sell or rent the other half. Alternatively, depending on their investment plan, both properties can be rented to potentially double the rental income for what is essentially a single investment property. Or some investors choose to sell both halves of the duplex, individually or as a package, to make a reasonable return quickly to then move onto their next investment project. Plus, the great news is that duplexes tend to hold their value quite well depending on the location and quality of the build.
Many markets are drawn to duplex living
There are many reasons for the increase in popularity for duplexes in New South Wales. Land shortages have created a situation where people have started to re-evaluate their property choices. The trend to live away from city centres on a large block has now been superseded by people wanting a shorter commute to work, good proximity to facilities, all with lower maintenance living. A marked improvement in design innovation has also meant duplexes now have greater curb-side appeal, floor plans have adopted modern, space maximising techniques, and they boast the latest inclusions and energy efficiencies. Empty nesters, first-homebuyers and even families with teenagers are all drawn to living in duplexes.
If you would like to know more about our range of designs, which are suitable to a host of block sizes and types, then talk to our team of duplex specialists.
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TOP FIVE SOLUTIONS FOR NEW HOME BUILDERS
From first homebuyers utilising available government grants to building million dollar dream homes, there is a Home Builder Solution to suit.
An advantage to building your new home using professional builders is they offer a range of options, tailoring the package to your individual needs. Most reputable building companies based in the Hunter Valley, Newcastle or Maitland offer at least five Home Builder Solutions:
Customise a standard design to create a home that incorporates your ideal floor plan, as well as taking advantage of your specific site. Look for builders that have extensive experience managing the complete building process, ones that work with designers and source quality building materials.
When building a new home in or around the Hunter, Port Stephens or Newcastle choosing a house and land package can simplify finding the perfect home and land combination, and usually has the additional security of a turnkey guarantee. Keep an eye out for current developments to know what packages are available.
To save on the time it takes to professionally design a new home, as well as save money on architect fees, selecting an existing In-house Design might be the way to go. From compact space savers to more expansive acreage style homes, there are usually designs to suit any budget and block size.
If you want to live in a brand new, energy efficient home, but don’t want to leave your neighbours, friends and local amenities, then a knockdown-rebuild solution is a great option. Most professional building services will take care of everything, such as council approvals, demolition, designs, and of course the build.
If you have a unique plan for your dream home or have an architect you are already working with, then you may want to only sign with a homebuilder for the actual build – most professional builders offer a joint program working with local architects, contractors and suppliers to streamline the process for you.
Whichever Home Builder Solution appeals to your budget and specific requirements, there are multiple advantages to building your new home using locally respected and trusted professionals. These include having a proven track record, accurate pricing, professional installation and fit-out, high quality technical skills and tradespeople, council requirements and applications taken care of, plus building insurances.
With over 40 years building experience Valley Homes can facilitate the Home Builder Solution that suits your needs – so talk to the Valley Homes team about your ideal Home Build Solution today.
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LUXURIOUS ACREAGE LIVING
The latest style of acreage homes are set to revolutionise the old-adage – forevermore known as ‘living on the land in luxury’!
The new style of luxurious acreage living will most often appeal to two groups of people – those who already live in a country area and want to upgrade their quality of living and those who want to slow things down and enjoy some of the quieter, more refined things in life. Does this sound like you? Well, to whet your appetite for luxury, here are some of the elements usually available in acreage developments by Australian professional builders:
- Classic front verandah. Enjoy your morning cuppa or evening glass of wine taking in the natural beauty of your very own piece of Australia, complete with landscaped
- Home theatre. Experience a night out at the cinema without having to drive into town and spend a fortune on popcorn. Simply recline in comfort with your favourite people and snacks on hand.
- Gourmet kitchen with butler’s pantry. Entertain effortlessly and create culinary masterpieces in your very own centrally integrated space, complete with the latest appliances and finishes.
- Sliding stacker doors. Perfect for summer barbecues or winter dinner parties, enjoy a beautifully integrated indoor / outdoor entertaining area, to take advantage of Australia’s temperate climate.
- Triple garage with workshop. Give yourself ample space to store your beloved vehicles, machinery and tools, plus have a dedicated area to work or simply tinker.
- Several bedrooms. Whether you have a big family or want to entertain, having the space to accommodate everyone will be a breeze. Floor plans generally range from four to five bedrooms.
- Walk-in robes. A walk-in space in the master bedroom is the perfect place to keep the likes of a shoe collection or to simply hide any clutter, keeping your bedroom a tranquil and calm oasis.
- Study / Home office. Whether you run a business from home or have a household member who studies, having a quiet, dedicated room is invaluable when you need to stay organised.
- Portico entrance. With an entrance befitting the luxury housed inside, you’ll impress yourself and any visitors every single time with a grand portico at your entranceway.
Valley Homes has an exciting new Acreage Series features six luxurious floor plans, specially designed by our In-house Designer, Stef Kinsey, in collaboration with our Sales Manager, Kaye Purdon. There are a host of development opportunities within this range of homes, designed to help you take advantage of your unique rural environment. Plus, all of the Acreage Series plans can be altered to suit your specific landscape – meaning the options are only capped by your imagination, property layout and budget. If you’re interested in creating your ultimate rural retreat talk to our team.