Space to build in today’s property market
With all the talk about interest rates, a housing shortage and the cost of building in today’s residential property market, it can be difficult to know which locations and what type of build you might be able to afford. Fortunately, there’s a wealth of great ideas for the residential builder looking for options on where and how to build a new home around the Hunter Valley, Newcastle and Lake Macquarie. Read on to find out more…
Affordable location options
There are always opportunities if you look in the right places and consider all of your options with regard to both location and house design.
The Lake Macquarie area has great appeal with its suburbs nestled around the largest coastal saltwater lake in the southern hemisphere. There’s an abundance of outdoor activities from boating and fishing at various locations across the lake to cycling along the Fernleigh bike track or walking along the foreshore at Warners Bay. At its northern end, Speers Point is where you’ll find the best and biggest playground between the Central Coast and Newcastle.
For those with a passion for creative pursuits the Lake Macquarie Museum of Art and Culture is a unique arts and cultural destination hosting exhibitions and events. Affordable housing is a real possibility particularly when you start exploring the western side of Lake Macquarie where it’s possible to snatch up blocks of land for a great price in suburbs like Teralba, Cameron Park and further south to Cooranbong. These provide opportunities for development for investors or the residential builder making first steps into the property market.
For those more inclined to a rural setting, the Hunter Valley offers economical blocks of land in areas such as Lochinvar, Paterson, Vacy, Gillieston Heights, Farley and Chisolm, all within easy reach of Maitland, where there’s a continued demand for affordable housing.
So too, the City of Newcastle Council’s housing strategy has a focus on infill housing in corridors stretching out to Mayfield, Broadmeadow and Adamstown and it’s a great opportunity for investors to meet the need for affordable housing in this ever growing metropolis.
When less is more
Smaller blocks of land are obviously more affordable and there are plenty of benefits to starting small especially when you’re new to the property market. Long term maintenance is reduced and so too heating and cooling costs.
Smaller blocks of land benefit from clever design to make the most of the space but that doesn’t have to come at a huge cost. In line with our belief that great design should be affordable for everyone, Valley Homes came up with the Urban Series. Whether you’re a first-time builder or an investor, off the plan can reduce the stress of design by offering a complete package. What’s more, the Urban Series maximises space and creates a relaxed flow throughout each design while providing an abundance of choices.
Striving for originality
Certainly the residential builder can opt for custom home design to create the unique dream home however this does require architecturally drawn plans and the skills of an experienced builder. Most construction companies will warn of the increased cost of building due to current shortages in the labour market as well as delays caused by supply of materials whether it’s a standard or off the plan design. However, house designs and costs related to the creation of ‘one of a kind’ homes will be considerably more. This raises the question — is it possible to create affordable housing without compromising on style?
Finding a happy medium with flexible home design
What if you could have ‘off the plan with a twist’? Valley Homes created the Valley Series with this in mind. While offering a range of practical floor plans that answer to the needs of every household, you then have the pleasure of matching your chosen floor plan with a front and rear facade from the extensive range on offer. The beauty of the Valley Series is that you can have an architecturally inspired home at an affordable price which satisfies the needs of both the residential builder and the investor.
The Valley Series offers six different four bedroom, two bathroom floor plans each with alfresco entertainment areas and ample living space. This Series employs passive design principles to make best use of heating, cooling, ventilation and light. All of these designs allow the home to be light-filled with a natural flow throughout. Having the choice of a facade and rear, from a classic Hamptons with gabled roofline to a sleek lined contemporary design with skillion roof, allows you to make your own particular stylistic statement.
When it comes to affordable housing, great design also reduces the cost of heating and cooling a home and that’s where the Valley Series offers further appeal. By including passive design principles in each of these house designs, the Valley Series ensures ongoing affordability.
Partner with the right builder
Whether you’re looking for a Lake Macquarie builder or you’re investigating construction companies in Newcastle, Port Stephens and the Hunter Valley, the company with over 50 years experience in the building industry is Valley Homes. From off the plan to custom home design Valley Homes offers house designs and costs to meet the budgets of both investors and residential builders.
Contact us to find out more today.
