A home should enhance your life, not limit it, so it is important to reflect on how well your current residence is serving you and your family. We don’t like to use words like ‘trading up’ or ‘downsizing’. In our opinion, it’s simply a matter of ‘right sizing’ and finding the property that is perfect for your needs now and in the future. Yes, size matters! You’ll be amazed at the positive ripple effect ‘right sizing’ will have through all areas of your life.
The best part is, exciting changes in the western suburbs real estate market have made ‘right sizing’ easier. Previously, the vast majority of properties in the area were large family homes on big blocks of land – leaving buyers with little choice. In recent years, zoning amendments have opened up a huge selection of new options – especially around Claremont, Swanbourne, Mosman Park, and North Fremantle.
I recommend you reassess your property situation every 5 years, as you move through different stages of life. Ask yourself: Are we still getting good use out of your pool and garden, or are we ready for something more easy-care? Do we want to release capital and enjoy more financial freedom? On the other hand, are we craving more space? Do we need to reposition closer to a particular school? Are market conditions making this a good time to trade up into a nicer home? When you ask yourself these questions, you might find you’re happy to stay in the same home for decades – and that is great too!
Right sizing does not necessarily mean you need to move – believe it or not, there are probably options right under your nose that you might not have considered possible. This could include sub-dividing your current property, buying a smaller block to build a brand new home on, extending your current home, or even adding a granny flat. We have a wealth of knowledge on the property market, and can provide an expert opinion so that you don’t risk over or under capitalising when you ‘right size’. We know what features add value to a home, and can give you guidance on setting yourself up for strong returns down the track.
In addition, the explosion of off-the-plan developments throughout the western suburbs has provided attractive options for buyers looking for a secure apartment that gives them flexibility to ‘lock and leave’. The long settlement periods associated with off-the-plan purchases also allow plenty of time for a buyer to sell their current property and prepare for the move. This isn’t the only option though! Tucked away in the western suburbs, there are many villas and lower density properties, both strata and green title. Many of these gems are snapped up before being launched to the open market (more about that here so make sure you register your interest so you are the first to know about listings before they hit the open market.
Need to right-size? Let’s talk! Contact Deborah Brady here.