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Keeping the Affordable Living Dream Alive

Posted on September 19, 2017 in Affordability

Keeping the affordable living dream alive by Commodore Homes

With the challenges of the local market, it’s no surprise to see home ownership rates for 25 to 34-year-olds decrease compared to older generations. With Australia crowned the third least affordable housing market in the world, it’s safe to say it’s been a pretty difficult time for potential first home buyers.

So with the dream of home ownership seemingly slipping away, what are young people and aspiring homeowners to do? The answer is stop, take a deep breath and relax. By doing your research and following a few helpful tips, you can very much keep your affordable living dream alive.

Compare Per Square

When it comes to your home, you want to get the most for your money so it’s imperative that you make sure you’re getting the best price per square metre available.

At Commodore Homes, we invite our customers to compare our homes with our competitors. Use our square rate comparison calculator to see the savings for yourself – we’re confident you’ll find unbelievable value and unbeatable quality, right across our huge range of home designs.

No savings? No problem!

How much deposit do you think you need? How about none? Finance can be a massive roadblock for potential buyers. But it shouldn’t be! At Commodore Homes, we understand just how hard it can be saving for a deposit. That’s why we’ve partnered with home construction finance specialists, The Loan Company, so you can get started with little to no savings.

Only pay for what you need!

When it comes to new homes, you can often end up paying for things you don’t need. High-end features and fittings come with a surprisingly high price tag attached. Make sure you find out what features are included within your package before you sign. At Commodore Homes we say it how it is, with no hidden surprises. So when it comes to inclusions, we simply include what you need to get started in your new home.

Get the Package Deal

There’s a lot more to love about a house and land package than just the flexibility it offers.
With a house and land package you’ll also enjoy a range of other benefits that you may not know about:

  • Save Thousands on Stamp Duty – First home buyers pay no stamp duty. As for second home buyers, you’ll only pay stamp duty on the land element of the purchase, instead of paying for the property, which could save you thousands!
  • Appreciate the Depreciation – In a new home, tax deductions can be claimed for depreciable assets such as the construction cost of the building itself as well as its fixtures and fittings.
  • Less Fees more Warranty – Avoid additional fees down the line with a structural warranty keeping the cost of maintenance and upkeep at an all-time low.

Time is money

Building a new home is one of the most exciting times in your life. But with everything that needs to happen prior to construction even starting, you can often feel like you’re in limbo. That’s why it’s important that you choose a builder who has an efficient pre-start process and guaranteed build times – but that can be easier said than done.

With Commodore Homes super-efficient pre-start process and industry-best build times, you’ll move into your new home faster. Plus, our 24-week construction to completion guarantee means you won’t be waiting for long and can expect a return on your investment quickly with our smooth process. To find out more about our building process and construction timeline, check out our From Paperwork To Key Collection blog article.