Check List 3 |
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Step Three
For most people when buying a home it is a place to live plus a long term investment. This will be the time to ensure that your home holds value over time and you will need to make sure that you make the right decisions. |
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Focus on the long term
- Don’t focus on the short term but on the long term.
Some Banks are aware of future proofing of homes and will offer Green Mortgages.
- If you have green features, a lower interest rate will sometimes be offered. This is not sub standard materials but a home that saves resources and you money.
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Financial |
Future proofing
Will it hold value in the long term, with changing times, it is important to make sure that your investment holds value? |
Beaches, Airport, Schools, Leisure Activities, Shopping, Neighbourhood Watch, etc. |
Costs
- Costs are ongoing and you will need to think about costs that may be incurred over time, such as energy costs.
- By ensuring your home is energy efficient you are ensuring that your home has lower running costs and easy to maintain.
- Make sure that the cost of meeting with council and state regulations such as insulation, rainwater tanks has been factored into the quoted price.
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Look for features that will hold value over time and save you money such as:
- Quality designs that uses space well.
- A higher rating home which comfortable
- Water and energy saving features.
- Many of the features come with no cost and the ones that do come with cost are usually paid for by saving in energy, water and maintence costs.
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Proximity
- By making sure you home is close to all amenities, including public transport you are ensuring that it is cost effective.
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Pelican Waters is close:
Shopping Centre, Parks, Schools, Public Transport, Beach, Library, Bowls Club, Restaurants, Golf Club, Hotel, Gym, Hair & Beauty Therapists, Clubs & Societies, Neighbourhood Watch, Travel Sales. |
Materials
- By using long lasting material, you are ensuring your home is safe and low maintence.
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Pelican Waters has a requirement to what materials are used in building.
See the Covenants of Pelican Waters |
Resale Value
With regulations getting stricter, you are ensuring your home will compete with newer properties and will have a good resale value, be energy and water efficient. |
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Hidden Costs
- Be aware of hidden costs which you may not have factored in your new home
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Factor in all costs
All costs should be factored into your budget the following are just some of the costs that may appear hidden:
- Council approval fees
- Construction Insurance premiums
- Soil test by a qualified engineer
- Connections to services
- Excavation and drainage
- Driveways and Landscaping
- Legally required construction extras such as ( scaffolding, security, fencing and lightening)
- Floor finishes (carpets, Tiles, etc.)
- Kitchen cabinets, bench tops, sinks and appliances
- Curtains and blinds
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Check for Rebates,
- Hot Waters Systems
- Rainwater Tanks
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Local council should be able to advice about rebates available |
