Looking to build in Perth but worried that now isn’t the right time? Good news! There couldn’t be a better time than the present to build your very own home in WA and we’re here to tell you why. At Total Homes, we believe that a ready for living home is the best option for your family, so we’ve put together our top three reasons for why you should choose a move in ready home with us. Read on to find out what they are.
1. Now is a great time build in Perth
Favourable financial conditions
There’s never been a better time to build a ready for living home in Perth, with low housing prices on the rise. In fact, Perth is now the most affordable state capital to build in. According to Corelogic data, the median house price in Perth is currently $505,335, which is less than half of Sydney’s median house price of $1,112,359. To put this in perspective, it takes about eight years for people in Sydney to build a deposit while Perth people only need an average of about four years.
Even industry experts are saying that now is the time to buy new, with Channel 7 Group chairman Kerry Stokes recently going on record to say that buying property in Perth was one of the “best things” people can do for their future right now. And with home loan interest rates now at record lows (as repayments have dropped by more than $260 a month in the last two years) many perspective homeowners are taking this as a cue that it’s time cash in on the current market conditions and break ground.
Great government grants & home loan products
To sweeten the deal for first home owners, the WA Government has a range of grants to help get more people onto the property ladder. This includes the First Home Owners Grant (FHOG), which is a one-off payment of $10,000 for first time buyers to go towards the purchase of a new home.
There’s also been drastic improvements to a range of home loan products. For instance, the Keystart Low Deposit Home Loan has become even more accessible in recent years, thanks to a loosening in the lending policies set by the finance sector. Designed to make it easier for WA singles, couples and families to buy their own home, the income limits imposed on the Keystart loan were increased by $20,000 back in December 2016, making it yet another reason to consider building in Perth now.
Attractive buyer incentives
Given the current competitive market, leading home builders are also offering substantial buyer incentives. This is great news for anyone considering building a new house in Perth as it means you can end up with a wide range of extra premium features for the price of standard construction.
For example, when you choose to build with Total Homes, every one of our designs comes with an amazing list of finishing items included. For a move in ready home starting from just $185,994, you get up to $34,000 worth of value in inclusions – how great is that?
2. Create your dream home without the nightmare expenses
One of the main benefits of building a ready to move in home is that it saves you money. With no extra or hidden costs that’ll push your budget beyond what you expect to pay, you don’t have to worry about going over budget. So unlike in custom designs where there’s unallocated costs and ambiguous inclusions, you’ll know right from the start what you’re going to get for the price you pay with turnkey.
Turnkey also allows you to roll everything into one smarter loan. One price means one loan and you can avoid the stress of chasing up additional funds to finish off your home that might occur with custom or tailored packages. It’s also easier to finance and you’ll find that many banks take kindly to turnkey homes, as it gives them the assurance of knowing you’re unlikely to ask them for extra funds at a later date.
At Total Homes, we want to build you a home you’ll love. That’s why we aim to give you complete confidence when you buy with us. Our clearly set-out list of inclusions shows you everything that’s included in your new home so you can get excited about the final product without having the worry about the additional costs. This includes but is not limited to:
- Stone benchtops to kitchen, bathrooms and laundry
- Premium 900mm Artusi Appliances
- Floor coverings including timber floors, tiles and carpets
- Window treatments
- Wall paintings to all internal rooms
- A selection of premium handles and door hardware
- Energy saving LED downlights
- Outdoor paving to the porch and alfresco
3. A home for the long term that you can have right now
Are you looking for a home that you can see yourself raising your children in? If you want to make an investment for your family’s future, choosing a move in ready home is the right decision. Perfect for young families or couples looking to start a family, turnkey means you can enjoy your home from the moment you move in.
And if you do have young children, you probably already know that the moving process is going to take a toll on them. So make is easier for everyone by choosing a home solution where the move is guaranteed to be hassle-free. Simply pick up your keys and move in the very same day!
For a fully finished home right down to the clothesline, contact Total Homes. As one of Perth’s most trusted home builders, we have the perfect ready to move in home for you and your family.