Opportunity in Uncertainty:
How to build a home during COVID-19
The COVID-19 crisis has changed the way we live with almost every facet of our daily life coming to halt.
With massive restrictions right across the community, the flow-on effect has been felt across nearly every industry, and the construction is not immune. So, if you’re one of the many people who were considering building a home prior to the crisis, you’ll certainly be wondering what the latest developments in COVID-19 mean for you.
The good news is that for those looking to build, it’s not all doom and gloom. In fact, this period has offered a number of opportunities savvy buyers can take advantage of.
Here are 3 simple tips for potential buyers looking to build their dream home during this uncertain time.
1. Put your plans in place
In our pre-COVID lives, time was always scarce which usually meant we were constantly rushed on important decisions in our lives. Oh, how times have changed!
With so much spare time on our hands, you now have the opportunity to get the preliminary work completed on your build.
Buyers who are confident progressing with their new build can use this time to go through all their paperwork, prepare for their prestart and submit their plans to council.
You can also push forward with your build while materials and trade prices are at an all-time low, or nominate the start date for construction to commence.
Not only will this mean you’ll be ready to roll once building restrictions are lifting, but you’ll also get the best bang for your buck by taking advantage of the lower prices currently available!
2. Take advantage of the rate cuts
One benefit of the crisis has been in rate cuts. For buyers, this means historic low-interest rates – the lowest they have ever been!
In fact, with fixed rates available from as low as 2.19%, now is the perfect time to make the most of the market.
For those ready to buy, you can now take advantage of these low-interest rates, together with reduced land prices, then secure a great deal - one that’s not expected to last long once Coronavirus is behind us.
Want to know how much you can borrow? Check your borrowing power.
3. Decide on your design
While you’re at home, now is the time to find the perfect house design. Our Easystart Consultants are available to chat you through the building process (apps such as Skype, Facetime, Zoom and What’s App are our new best friend) so when you’re ready to hit the button, you can confidently start your building journey.
As part of the newly permitted gatherings, display village inspections involving up to 10 people are now allowed so you can get along to see a home design for yourself and get a feel for the home both inside and out!
While no one is immune from the effects of the COVID-19 pandemic, Easystart Homes is doing everything possible to make sure we can deliver the same great service you’ve come to expect.
As a proud part of the Summit Homes Group, with over 40 years’ experience in helping WA buyers build their home, we can confidently say we are well-positioned to address these temporary challenges.
If you were in the process of looking to build or buy your first home prior to Coronavirus hitting our shores, it’s important to remember that what we’re experiencing is short term, and life as we once knew it will be back to normal soon enough.
So as we navigate this new ‘normal’ for the time being – feel rest reassured that we’re here to help you every step of the way during your new home journey, and we’re here to provide you with the same high-quality service, build and experience as ever before.
For an added bit of inspiration, check out our range of 30+ 3, 4 & 5 bedroom home designs.