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Crown Building & Constructions
 

Shane Gaston: 0428 389 821

Matthew Kelly: 0437 568 933

info@crownconstructions.com.au

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HomeBuilder Explained: How to Get $45,000 Off Your New Home

The Australian Government recently made a big announcement that’s set to impact new and existing homeowners… They’ll be offering $25,000 cash grants to eligible Australians for new home builds and “substantial” renovations. It’s hoped the stimulus package, called HomeBuilder, will provide a much-needed boost to the economy following the impacts of the Coronavirus pandemic.

What does it mean? 

For those already planning a new build or renovation project, HomeBuilder is great news as it will allow access to a $25,000 tax-free grant for the construction project. Furthermore, HomeBuilder can be used in conjunction with other building grants, including the First Home Owners Grant meaning up to $45,000 can be provided to eligible Victorians.

Am I eligible?

Naturally, there are a number of eligibility criteria you’ll need to meet to access HomeBuilder. Firstly, your new home build must be valued below $750,000 – and this includes your land. For a renovation project, works will need to be valued between $150,000 and $750,000 and the property cannot be valued greater than $1.5 million, after all works have been carried out.

In addition to these requirements, you’ll need to sign a building contract before December 31 and building works must commence within 3 months of your contract date. Those looking to build or renovate an investment property are unfortunately ineligible for the grant, as are owner-builders. You’ll need to engage a licensed building contractor to complete all works and this cannot be a relative (even if they are a licensed builder).

Once you’ve determined whether your project is eligible for HomeBuilder, you’ll need to ensure you, personally, meet the criteria. This includes being an Australian citizen (permanent residents and NZ citizens are ineligible), aged over 18 years old and meeting specific income caps. For individuals, you’ll need to earn below $125,000 per annum, while couples must have a combined income below $200,000 – these figures will be based on your 2018/2019 tax return.

How can I access an extra $20,000?

Those who are looking to build their first home will be pleased to hear that HomeBuilder can be used in conjunction with the First Home Owners Grant, meaning they may be eligible for up to $45,000 for their new home. Those in regional areas of Victoria, like the north east, are eligible for $20,000 under the First Home Owners Grant, while those in urban areas are eligible for $10,000.

While this grant is only available on new homes up to $750,000 this figure fits with HomeBuilder requirements and makes it the perfect opportunity to build new in 2020 or early 2021. Find out more about the First Home Owner Grant here.

Those looking to take advantage of HomeBuilder and the First Home Owners Grant together will need to act fast as the design and planning process can take many months. If you’re looking to speed up the process, Crown Building & Constructions offer a range of 200+ pre-designed house plans that can be customised to suit any lifestyle and budget. They’re perfect for those looking to take advantage of these grants to build a new home in North East Victoria.

Explore our range of house plans on our website or get in touch with Matt to chat about your options on 0437 568 933.

Key Factors To Consider When Designing Your New Home

Building your dream home is an exciting and even sometimes astounding experience, but for your builders, it is a routine job. Pay attention to all the aspects of the entire process so that you end up with “YOUR” dream home!

And, once you make the decision to construct rather than buy, the next biggest step is to design your future abode.

This can be an uphill task, a home design that put together your taste, fits perfectly with your needs and maintains balance with your budget.

Below are some guidelines to help you navigate through the way:

Home Design Homework Is A Must

The foremost thing to decide is what kind of home to build? The styles and decors nowadays are as varied as the people dwelling in it, proffering you with the bouquet of ideas.

When you look for a home, make it a point to jot down interesting features and characters that hold your attention.  Better, draw a rough sketch of it. And, keep all these ideas stacked in a file.

You may not get to implement them all, but you can at least try to fit them perfectly in the design plan of your home.

Create Your Design List

While scrutinizing the list for home design, start with the basic: the number of bathrooms, bedrooms, the count for family areas, the porch, the subtle difference between a formal dining room or an open space.

And, once you are done with the basic list, start with the individual space. Start with the basic and keep on adding features. This list inculcates your kitchen, wiring for speaker, bath space and a lot more.

Design Within Your Pocket

Don’t forget to adjust your list with your budget. This turns probably difficult for first time home builders but aligning with the experts of luxury home builders make it an easy job.

One of the easy ways to keep a check on the finances from starting is to invest in a benchmark home builder. They give you a rough estimate of the budget which offers you the running cost as you design your home.

Don’t Forget To Consider The Natural Light

While you design your home, don’t turn a blind eye to the side where it rises.  The bright sunshine can lit up your interiors if done it in the right way.

Position the windows appropriately to spread the natural light effortlessly in the interiors.

And, if you are a nature lover, then place the window of your room in east and west to witness the hypnotic beauty of sunrise and sunset as you sip a cup of your favorite cup of tea or coffee.

Beautify All Corners Of Your Home

Importantly, the windows play an important role to enhance the interiors and external appearance of your home. So, whether you stay in the corner or in the middle of the block, your home is going to be seen anyhow.

Therefore, design the look to hook every passerby and grab their eyeballs to create an unforgettable impression.

Let’s Wrap It Up: Last but not the least, if you are looking for an architectural piece or an option to put all the little elements together, ramp with the Crown Building & Constructions, and turn your dream home into a reality.

So, before you get back on the work to design, discover the secret of building a perfect abode by signing up with form and get a call back for further discussion.

Download our E-Brochure "7 Things You Must Ask BEFORE Designing A New Home"

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