The Benefits of Purchasing Your New Residence During Construction

What Does it Mean to Purchase During Construction

Purchasing a property during or before construction is also known as purchasing off the plan. It means you are signing a legal contract for your new residence based on floor plans, design models and architectural drawings, rather than on a constructed and finished building. In this case, you will pay a deposit for your residence upfront, then wait until construction is complete to pay the remainer.

Why it Makes Sense to Purchase During the Construction Phase

Purchasing during the construction phase can unlock long-term advantages for the future. Here are just a few of them:

• Less stress: The design and construction of your new Zamia City Beach residence will be completed to a set plan and timeframe, so you can relax while your new home takes shape. amenities are within easy reach, too. This includes the Good Grocer IGA, Mary Street Bakery and a variety of dining options at Empire Village, while the nearby Floreat Forum also offers a wide variety of fresh food and retail options.

• Choose your preferred residence. By getting in early, you can choose a residence that ticks all the boxes – including views, orientation, number of bedrooms and more. From here, you can then go about adding the customisation options to make your new residence feel like home.

• Price assurance: With guaranteed prices at time of contract, you can lock in an agreed amount and enjoy the peace of mind that comes with financial security.

• Potential equity. If you lock in a purchase price early and the price of your new residence rises over that time, you can gain instant equity in your investment by the time you get the keys.

• Save on stamp duty. By purchasing your new Zamia City Beach residence off the plan, you can unlock an upfront concession on stamp duty. This includes 50 per cent of the stamp duty paid or payable, capped at $50,000. For more information, visit the WA Government website.

• More time to plan: As settlement won’t take place until construction is complete, you’ll have more time to get everything in order for the move. This can include selling a previous property, ensuring your finances are set, and organising your belongings for when you get the keys.

Why Downsizing is on the Rise

There are many reasons why more and more people are choosing to downsize to a simpler life. These include:

• Higher cost of living. As day-to-day costs such as groceries, fuel, utility bills, council rates, insurance and maintenance fees continue to grow, having a large house can really eat into your savings over the long run.

• More hours in the day. A large home comes with a lot of upkeep. Gardens, staying on top of the cleaning, dealing with the issues that can come from an older house – the list goes on. By downsizing, you can help to save valuable hours in the day to spend on the things you enjoy.

• Lock-up and leave living. By downsizing to communities like Zamia City Beach, you can enjoy a real feeling of safety and security in your new investment. It makes it easier for you to lock the front door and go on holiday without worrying what’s happening at home.

• Greater equity. By selling your large family home, you can release significant cash stores to help fund your future. Whether that’s having the space to live comfortably, or having more opportunities to travel, having the funds behind you makes all the difference.

Construction Has Commenced at Zamia

Life at Zamia City Beach allows you to leave the hassles of a big backyard behind you. While getting your fill of nature is easy, with Bold Park as your new backyard and tree-lined streets leading you towards the ocean, you’ll no longer have to spend your time maintaining lawns or keeping on top of the weeds.

Peace of mind is also yours to enjoy within a boutique development. If you’re planning on heading away for a short holiday, you can rest assured knowing your new home will be safe and secure while you’re away.