Phone Icon
(02) 9765 0299    Facebook Twitter Linkedin

All the latest news and information from Beechwood.

Mortgage Insurance, or Lenders Mortgage Insurance, is generally payable by those who have an initial deposit of less than 20% of the total value of the loan. While this can be seen as an extra cost on top of the bank loan, it can also help people achieve the dream of home ownership earlier.

By protecting their loans, Lenders Mortgage Insurance from some lenders can allow you to borrow up to 95% of the purchase price of your home, with a lower deposit than is usually required.

Exclusive offers for Beechwood Homes customers!

The team at Mortgage House have organised some competitive rates that are exclusive for Beechwood Homes customers. To find out more, simply click here

Traditionally, lenders require borrowers to have at least a 20% deposit. However by using Lenders Mortgage Insurance, lenders can offer lower deposit home loans. Lenders Mortgage Insurance protects the lender if a borrower is unable to meet their mortgage repayments.

Genworth, one of Australia’s largest Lenders’ Mortgage Insurance providers, has generated some ballpark calculations for the cost of Mortgage Insurance for a first home borrower in NSW, based on different deposit amounts. It also has an LMI calculator to narrow down the cost based on your finances.

 

Cost of Property

Cost of Lenders’ Mortgage Insurance

   
 

5% deposit

10% deposit

15% deposit

$400,000

$12,852

$6,474

$3,613

$500,000

$16,065

$8,092

$4,516

$600,000

$25,918

$12,304

$6,722

$700,000

$30,238

$14,355

$7,842

19

^Quotes taken from Genworth LMI calculator, correct as at 1/1/2015

With the current low interest rates and highly active property market, many lenders are competing for your mortgage by offering loans which waive the cost of Mortgage Insurance for loans up to 85% loan to value ratio, meaning your deposit can be 15%, not the previous entry barrier of 20%.

Most importantly, be sure to speak with different lenders to ensure you get the best value mortgage for you.

 

 

in Latest News 3396

House & Land Packages

Builders often use terms such as ‘House and Land package’ or ‘Spec Home package’, but rarely explain the difference between the two.
 
As the name suggests, a ‘Spec Home’ is a home that it built on speculation. The builder includes various features in the home that it hopes buyers will find appealing.  Usually, a Spec Home is a package that is already under construction or is sometimes completed at the time of purchase.
 
 
A ‘House and Land Package’ is a package that has not been constructed and is usually in the planning stages at the time of purchase. As a House and Land Package is often purchased while still in the planning stages, there is normally some flexibility for buyers to select certain finishes, for instance, tiles, tapware, carpets, paint colours etc to suit their particularly tastes. A ‘House and Land Package’ starts with a basic package and gives you the freedom to modify the package to suit your needs.
 
The greatest advantages with buying a Spec Home are that you can enjoy the benefits of owning a brand new home without waiting several months before moving in. Further, as the house has already been constructed or is under construction, you can physically see what you are getting, as opposed to trying to imagine based on plans and drawings etc. For those who want to have the opportunity to actually walk through the home before making a purchase, a spec home may be the way to go. The same is true for those who do not have their heart set on including specific options in the home. While a Spec Home is not the right choice for those who want to choose every single detail of their new home, it is a great option for property investors, who can often quickly start receiving rental income.

Beechwood Homes currently have some fantastic ‘Home and Land Packages’ as well as three ‘Spec Home Packages’ at Jordan Springs, Sydney available.  For more information on these packages simply click here.

in Latest News 6429

Choosing the right floor plan for you, sounds simple, but in fact can be one of the hardest decisions when deciding to build a new home because it requires a huge amount of imagination, planning and forward thinking.

When choosing floor plans, be sure to consider your family dynamics and lifestyle. It may sound like a cliché, but whilst a home may look pretty on display, you need to be able to imagine your family living in the home. And you need to plan for not only what you family looks like today, but also for extra kids that might come along in the next few years.

bwh-icon Check out some of our other great articles

Development Applications VS Complying Development Certificates

SPONSOR NEWS -- Antunes chasing pole

Finding the right colour palette for your Beechwood Home

If you are an entertainer, you will need plenty of living space and a perfect outdoor area. Older children often require larger bedrooms. If you are a collector or love scrapbooking, you will require plenty of storage space. If the in-laws will be staying over, you will need a guest space. But a word of warning – if your guest space is much nicer than their home, they might never leave! If you have younger children, choose a design that leaves you with plenty of outdoor space for them to run around. You will also need to consider how your proposed design will sit on your block of land and whether you would like a single storey or double storey house.

If you are finding the whole process of selecting a floor plan difficult, a suggestion would be to walk through as many display homes as possible (preferably Beechwood display homes!). Take some notes  of what you find appealing with each particular design. Also, stand back and watch your family inspect these homes. They might point out features that you may not have thought of.

After you have started to narrow down your selections, consider all the furnishings you would like to use in  your new home. Often people choose their floor plans without contemplating their furnishings, and then discover their furniture will not fit. Whilst ‘chunky’ comfortable lounges are great, they take up considerable space. You also need to consider how you get them into your house and whether door openings will be wide enough. It is a great idea to take a tape measure with you when inspecting.

Finally it is important to note, that our designs can be customised to suit your needs. If you have made your decision on a floor plan, but it still needs a bit of 'tweaking' to get it perfect, then speak to one of our friendly building and design team members, or alternatively click here to find out more.

We pride ourselves on trying to build the exact home that our clients want.

in Latest News 5968

Beechwood Homes staff member Jessica recently took her family to a trip to visit the range of Beechwood Homes on display at Housing World Shell Cove. The following is her experience while she was there.

When I first pulled up outside the sales office I was blown away by the four impressive homes that stood before me. I could not help but imagine what it would be like to pull into the street with the kids in tow, have us all pile out of the car and race through the front door at the end of a hard day’s work. With a smile on my face, we all proceeded through to inspect the homes.

I found myself standing back and watching my children explore the home. They were drawn to the large open living spaces, opening every door they could find and racing through the homes arguing which room would be theirs. My husband was more impressed with the theatre rooms and whilst getting comfortable on the lounge proceeded to tell me, “We need a room like this at home to be my ‘man cave’.”

I have to say I was most impressed by the kitchens and large pantry spaces, one home even had a butler’s pantry; something I would love to have in my own home. This was an affordable home design that offered something special to each of us.

Upon leaving, I stopped to talk to Matt Slee, one of the Building and Design team members at Beechwood Homes. He was extensively knowledgeable with each of the new designs on display. We got to talking about what inclusions come with these homes. I was surprised at the amount of quality inclusions that Beechwood offer as “Indulgence Packages”.

These Indulgence Packages include items that I had not expected, but with inclusions like carpet and tiles, 3 coat paint system and termite resistant frames, I walked away being genuinely impressed with Beechwood Homes.”

Beechwood Homes display houses at Housing World Shell Cove is open 7 Days, Sat to Thurs 10am - 5pm & Fri 10am - 4pm at the Corner of Apollo Drive & Clipper Avenue, Shell Cove.

Beechwood display homes at Shell Cove include Moscato Guest, Asquith Thirty Six, Seacrest Thirty Seven and the new Edgecliffe Vibe Thirty Seven.

in Latest News 4480

New South Wales has been declared the premier state in Australia for residential building, according to new figures released last month. The Housing Industry Association (HIA)’s bi-annual Housing Scorecard report reveals that NSW has been elevated to the number one ranking for residential building with a score of 85 on the strength of the state’s home building recovery.

HIA economist Geordan Murray said the figures emphasised the concern for first home buyers. “Lending figures reaffirm the challenges facing first home buyers. First home buyer lending highlights this as the weak spot in the housing market, and ranked NSW as the third weakest jurisdiction on this indicator.”

At Beechwood, we recognise that as a first home owner, it has become an extremely daunting prospect to get into the market and realise the dream of owning your home.

Beechwood Homes have a dedicated commitment to providing affordable housing in order to support the continued growth of strong and healthy communities. Affordability for Beechwood does not translate as lesser quality. Beechwood Homes is proud to offer not only affordable, but quality new homes designed for first home builders, such as the Genesis Series.

The Genesis Series by Beechwood are a range of innovative and affordable homes including everything you want in style, comfort and convenience. Specifically designed for first home owners, the Genesis Series of homes offers a wide range of individual styles all built with the famous Beechwood quality.

Compiled every six months, the HIA’s Housing Scorecard ranks the eight states and territories in terms of who has the strongest residential construction market.

in Latest News 2535

Beechwood-Master

Are you dreading your internal colours selection appointment, simply because you just don’t know what colours you want within your home? For some people, finding their own style for their home can come very easily, but for some of our clients, this whole point in the building process can be quite daunting.

With that in mind, I asked myself how do you get started choosing the base palette for your new home? To answer this question, I thought I would jump on to the Taubmans® website to get started. I have to say I was most impressed with the Colour Tips section on their website. 

These tips introduce you to some colour basics to help you get started. Shayna Blaze, a popular Interior Designer, TV Presenter and also an Ambassador for Taubmans® has provided her 10 commandments of colour in a useful and easy to follow article.

Beechwood-Collage

Getting yourself familiar with the basics and learning about warm and cool colours can also assist you when trying to sort out different colour combinations for your home.

The Taubmans® website also has interesting tips on how you can test a colour to see how light will affect it. I highly recommend reading this when choosing colours for your home. A colour may look beautiful on the swatch, but the colour may differ slightly when light comes into play.

If you just aren’t sure what style you want your home to portray, take a look at the Taubmans® Colour Game. This feature will ask you a series of questions and based off your answers will determine a colour palette that best reflects your personality. This was quite an interesting feature and will also give you a series of colour options that may help you get started when trying to create your own style.

Our team at Beechwood Homes have fantastic colour consultants who are there to help you transform your home into “your home”; but if you would like more information on the fantastic features Taubmans® have on their website to assist you further, visit their website www.taubmans.com.au

in Latest News 625

New land buying process

We are looking at some of the factors to consider when choosing a block of land to build on. Click here to read Part 1.

In addition to the block’s physical characteristics, there are several other factors to consider, including:

  • Neighbourhood – When buying a home, people are frequently looking to spend between the next 10 to 40 years of their life at that address. You need to ask yourself, is this where I want to live? As they say in the great Australian movie, The Castle – consider the vibe and how’s the serenity? Some suburbs feel right and some others don’t. Trust your instincts. You should also take into account how far away the block is away from your current address. Consider whether you and your children will become estranged by distance from your current friends and relatives or are you moving only a few kilometres away. You should always consider potential re-sale value in the future.

  • Nearby facilities – You should also consider nearby schools, local shops and regional shopping centres, doctors and hospitals, recreation, swimming centres, entertainment and transport. Questions to ask include will the kids be changing schools, is it further to get to work, will I get to work using the same method of transport, where can I buy milk and bread? Sounds simple, but many people make a giant leap without thinking through first. If looking to build in new estates, check out what facilities will be coming soon. Also imagine what that suburb will look like in 5 years and whether you would still be looking to live there.

  • What lies below – The soil conditions below your block of land play a huge part in what home design you will be able to build and its cost. As a general rule of thumb, it is very expensive to excavate in rock. However, light and sandy soils often require reinforcement and extra costs can often be incurred due to extra piering to the foundations of the house. Additional excavation and tipping costs may be incurred in removing certain thick clays from your block (as these are often not stable to build on). It might then be necessary to import suitable soil to maintain proposed levels at additional cost. Worse still, you need to know whether your block has been exposed to soil contamination or has artefacts that will prevent construction, or is subject to ground water.

  • Block Services – You need to consider where connections to services (such as water, sewer, electricity, phone) are located. Some could be located on your block and be easements (which can restrict what can be built over and adjacent to them), while others may be located on the other side of the street, which could lead to additional connection costs.  

  • Conditions and fine print – When buying a block of land, you should obtain the advice of a solicitor or licenced conveyancer. Indeed, you should seek their advice before committing to buy. A good solicitor or conveyancer should be able to tell you about the zoning of your proposed block, any restrictions on what you can do and where and what you can build, developer requirements, such as certain driveways, fencing, landscaping requirements. A solicitor or conveyancer should check the Certificate of Title for the land as well as indicate people from Council or other relevant bodies and authorities you need to talk with to make sure that you can do what you want. The person selling you the block of land may not tell you about any problems, but they are often forced to disclose certain information in the fine print.

  • Bushfire requirements – Given many new estates are located near or adjacent to bush land, you need to consider any additional requirements that may be imposed on your proposed home due to this. It is necessary to determine a ‘Bushfire Attack Level’ for new homes near bush land. As a general rule, the closer your home is to bush land, the greater the chance that additional requirements will be imposed on the type of construction to your home. These can include having to use certain materials that are more capable of withstanding fire. The problem is, these can be very expensive as well as not necessarily be the look that you are after.

  • Unregistered land – Many developers of new estates are selling blocks of land that are not registered (as they still need to be subdivided etc). You are not allowed to build until the land is registered. There are also often delays with planning requirements (ie Council approvals) until the land is registered. Whilst this normally eventually happens, if you buy the wrong block, you could be forced to wait up to 18 months before you can start construction. You may have to pay extra rent during this waiting period.

Talk to a builder first. Whilst it is exciting to go off and buy a block of land, you do not have to do it alone and nor should you. Speak with a reputable home builder (like Beechwood Homes!) about the block you are considering buying. Because of our many years experience, we can often point out some of the potential pitfalls in a certain block or estate before you have made any commitment. Remember, buying a block of land and building a home upon it is likely to be the largest financial investment you will make in your lifetime. Ask questions, research, double check and trust your instincts. It might sound attractive that a developer is offering a $10,000 discount on a block of land, but if your extra site costs, BASIX and bushfire requirements significantly exceed this (and can often do so), you might not be getting the bargain you thought you were.

in Latest News 3520

 House & Land Packages from Beechwood Homes

Here at Beechwood Homes, we are often asked, how do I choose a good block of land?

The difficulty with answering this question is that it is very subjective and there is normally no right or wrong answer. However, there are several block characteristics to look out for. These include:

  • Block Size – Unfortunately, the blocks of land becoming available in new estates are frequently becoming smaller. You need to consider whether your proposed home will physically fit on the block. You also need to take into account things like Council setbacks and other restrictions such as Floor Space Ratio, which is the is the ratio of the floor area of a building to its site area. You should also consider whether you will have any backyard, and possibly room for a pool. The days of the quarter acre block are long gone. Many people are deciding to buy blocks of land in established suburbs and opting for a knock down rebuild on an existing run down dwelling instead of moving into a new housing estate. Beechwood Homes can accomodate for both new housing developments and knock down rebuild projects. Size really does matter.

  • Block Shape – Many people look to pick up the largest block when new land releases, but rarely consider the shape or orientation of that block. Regular rectangle blocks are often the best, but depending on your tastes, a large battle axe block might be great or could be a dud. You should have a proposed home design in mind before buying your block of land. Some odd shaped blocks might give you extra room for a pool with the right home design or that space may be wasted as it can’t be put to any productive use. You should also consider ongoing maintenance of your block.

  • Block Slope – The slope of your block is important. Consider the front to back slope (or vice versa) as well as any slope from side to side. On a sloping site, unless you choose a split level design, you are going to have a level building platform and you will need to ‘cut and fill’ around it. You may need retaining walls, which are an added expense. As a general rule, steeply sloping sites are much more expensive to build on as your builder will charge ‘site costs’ to accommodate for various irregularities. You will also need to consider matters such as driveway gradients, that is the slope of your driveway from your garage to the street. Also consider where other houses will be positioned relative to yours. Will your neighbours be looking over your fence because their building platform will be much higher.
  • Block Orientation – Your block’s exposure to sun and rain will affect if and how your proposed design can be placed on your proposed block. New homes must comply with BASIX requirements, which relate to energy efficiency and water efficiency. Various BASIX requirements are imposed to reduce your energy use through specific design strategies for lighting, heating, cooling, and ventilation. It is a lot more complicated than rain water tanks and roof solar panels. Buying a block of land with the wrong orientation could mean that you will be unable to build your dream home.

    Click here to read Part 2.
in Latest News 6122

BEECHWOOD HOMES is thrilled to announce three new display homes will be built, in Orange and are scheduled to open later on this year. The new display homes will show case Beechwood’s current range of innovative designs, which focus on comfort, luxury and affordability.

These display homes will showcase the very latest in architectural style.

“Beechwood has countless designs and styles to choose from, all of which can be tailored and customised to suit your family’s unique needs,” explains Scott Hanley, Beechwood’s Central West Manager. “Whether you’re building on an existing block, or purchasing one of our home and land packages, a Beechwood home will always be built to maximise space, giving you options for flexible living.”

For more information, contact local man Scott Hanley from the Central West Business Centre on (02) 6361 1046 

in Latest News 4284

11072323 938694612816591 6212737047902322480 N

Beechwood Homes is proud to announce that for every goal Sydney FC score for the remainder of the A-League season, Beechwood Homes will make a donation of $1,500 to be split between two of Sydney FC’s charity partners, beyondblue and Football United.

The tally currently stands at $4,500 following Sydney FC’s 3-0 win over Wellington Phoenix.

beyondblue is working to reduce the impact of anxiety, depression and suicide in the community by raising awareness and understanding, empowering people to seek help, and supporting recovery, management and resilience.

Football United is a world leader in using football for social development. Football United aims to build capacity of communities and improve the skills of people in diverse areas that includes high proportions of refugee, migrant and Aboriginal Australian children, youth and families.

Beechwood would like to once again thank Jacques Faty and Shane Smeltz for their outstanding performances and celebrations against the Phoenix and kicking off this great initiative.

Read more at http://www.sydneyfc.com

in Latest News 2723