Have you considered the replacement value of your home, and what this would mean to re-build in the current construction climate?
Underinsurance refers to your home and contents policy that is less than the rebuild or replacement cost of your property.
The Australian Securities and Investments Commission (ASIC) states that up to 80 percent of homeowners are underinsured.
“Underinsurance is a major problem in Australia, particularly given the prevalence of natural disasters,” says Kirsty Hayes Head of Home & Business Insurance at RACV.
In the event of natural disaster, resulting in loss of your home, inadequate insurance for the replacement of the entirety of your home and contents will mean only a fraction of your re-build costs would be covered.
One of the most common reasons people become underinsured is a result of guessing the costs associated with refurbishing their home. It is highly recommended you engage a professional such as a builder or valuer to provide you with an accurate sum.
You may have adequately insured your home when you first moved in and are relying on CPI indexation increase being applied to your policy, however this may not accurately reflect your current re-build value.
In the event you find yourself having to re-build, do not add to an already stressful time. Check your policy today.
Have you recently purchased a block of land and would like to get started on the design process?
At Cunic Homes we are a custom builder and can assist with designing your dream home to suit your block of land; and within your budget.
How to get started?
Contact our office on (03) 6231 8181 and request an appointment with our Sales manager, Sally Charleston. Prior to your meeting, Sally will visit your block of land to gain a greater understanding of the layout and utilize our recourses to obtain any further information such as council requirements, BAL overlay, easements, and estate covenants.
During your initial meeting with Sally, she will discuss your block parameters, a floor plan that will work for you, your budget and of course, your non-negotiables.
From here, Sally will start designing your concept floor plan taking on board your specific needs and requirements.
Once design ideas have been finalised we move forward to your ‘Preliminary Works Agreement’ where Cunic Homes obtain your soil and contour reports which allow for accurate contract pricing. (Including all site costs, driveway, and your build)
The land survey (contour report) is sent to the draftsman and your design is then situated accurately on the block of land, producing your first concept plan.
Another meeting will then be scheduled to sit down with Sally to discuss your floor plan, window sizes and any façade changes you would like to make prior to your final quote being produced.
Provided you are happy to proceed with the final quote and no changes are necessary, Sally will prepare your HIA building contract ready for signing.
When your deposit has been paid, Dom our planning and building manager will finalise your DA plans ready for council approvals, and client consultants will touch base to book in your selections meeting – how exciting!
Get in touch with Sally today and start designing your new home.
Choosing the right residential block of land can be an overwhelming process, especially for first-time homebuyers. It's important to consider a range of factors to ensure that you select a block of land that meets your needs and budget. Here are some key considerations to keep in mind when selecting the right residential block of land:
Location:
The location of your block of land is crucial. Consider the proximity to local amenities, such as schools, hospitals, public transportation, and shopping centers. Also, consider the surrounding environment, including access to parks, green spaces, and recreational areas.
Size:
Consider the size of the block of land you need. Ensure that the block is large enough to accommodate the size of the home you want to build and any additional features such as sheds, outdoor entertaining areas and even room for your beloved pets to run around.
Orientation:
Consider the orientation of the block of land. Finding the perfect orientation for your new home on your block of land is important in ensuring that your home captures as much natural light as possible in your living, dining, and kitchen areas. These rooms are some of the most important rooms in your house, as these will be the spaces that you and your family are likely to spend the most time in – and you’ll want them to be as light and airy and welcoming as possible.
Slope:
Consider the slope of the block of land. If you have an uneven block of land, it is important to understand that this can increase the cost of your build due to the site works involved. Our team will help you work design a home to get the best value from your site.
Soil:
Consider the soil quality of the block of land. Different soil types can impact construction costs, drainage, and landscaping options. We will work with you to get site reports done and build a home to best suit the soil conditions on your land.
Zoning and Regulations:
Ensure that the block of land is zoned for residential use and meets all local regulations and requirements.
Selecting the right residential block of land requires careful consideration of location, size, orientation, slope, soil quality, and regulations. Reach out to Sally today for a FREE site assessment to help you make the right decision.
Designing a functional kitchen is a critical aspect of new construction projects. It goes beyond being a mere cooking space, as it serves as a gathering spot for socializing and creating cherished memories. To achieve a functional kitchen that balances style, comfort, and efficiency, consider the following essential tips.
A well-designed kitchen layout maximizes available space and facilitates easy movement. Focus on creating a smooth flow by considering the "work triangle," which consists of the stove, sink, and refrigerator. Ensure effortless navigation within this space.
Select appliances that align with your cooking habits and lifestyle. For baking enthusiasts, investing in a high-quality oven with multiple racks can elevate your culinary experience. Similarly, larger families may benefit from larger refrigerators or double ovens, enabling time-saving convenience.
Prioritise countertops that are both durable and easy to clean. While natural stone options like granite or marble are popular, they may not fit every budget. Consider exploring high-quality engineered materials, including options offered by companies like YDL Stone, to find cost-effective alternatives.
Adequate lighting is essential for an efficient kitchen. Combine overhead lighting with task lighting, such as under-cabinet lighting, to achieve the right level of illumination. This creates a well-lit environment that enhances visibility and functionality.
Efficient storage solutions are crucial for a functional kitchen. Optimize your cabinet and drawer designs to make the most of available space. Consider incorporating organizational tools from Hafele Home, such as the Revo 90, which enhances functionality in corner cupboards.
Choose flooring that is durable, slip-resistant, and easy to clean. While ceramic or porcelain tiles are popular choices, numerous high-quality alternatives are available. Explore various materials to find the best fit for your kitchen.
Designing a functional kitchen requires thoughtful planning, attention to detail, and quality materials. By implementing these essential tips, you can create a beautiful and efficient kitchen that meets your needs while surpassing your expectations.
Purchasing a house and land package is a popular option for those looking to buy a new home. There are several benefits of this approach, including:
Customisation:
When you purchase a house and land package, you have the option to customise the design and layout of your new home. This means that you can create a living space that meets your specific needs and preferences, rather than settling for a pre-existing home that may not suit your lifestyle.
Convenience:
When you buy a house and land package, everything is taken care of for you. The land is already chosen, and the house plans are already in place. This can save you time and energy, as you do not need to spend time searching for a suitable block of land or designing a home.
Promotions:
Many builders will run promotions for any clients who sign up to house and land packages. For example, sign up with Cunic Homes before the end of the financial year and you will receive the ultimate kitchen upgrade package.
Stamp Duty:
When signing a house and land package, you will only pay stamp duty on the land component, not your build.
New home area:
Your house and land package will more than likely be situation in a new subdivision. This attracts many first home buyers as you are amongst a contemporary street scape, new roads, footpaths and walking tracks.
Investor benefits:
If you are time poor and wanting to build an investment home, a house and land package will be the best option for you. Here at Cunic Homes, we can take care of the selections and approval process for you and have your investment home tenant ready with no fuss. Purchasing a house and land package can offer a range of benefits, including customization, convenience, reduced stamp duty and a stress-free way to build for investors
The MyHome Shared Equity Scheme is a Tasmanian Government program designed to help eligible low to moderate-income earners purchase their first home. The scheme enables homebuyers to purchase a home with a lower deposit, as the Government shares the equity in the property.
There are several benefits of the MyHome Shared Equity Scheme for Tasmanians looking to buy their first home:
1. Lower deposit: The scheme enables homebuyers to purchase a home with a lower deposit, making it easier for them to enter the property market.
2. Affordable repayments: Homebuyers can access more affordable repayments by sharing the equity in the property with the government. This can make it easier for them to manage their finances and avoid financial stress.
3. No mortgage insurance: As the government shares the equity in the property, homebuyers do not need to pay mortgage insurance. This can save them thousands of dollars over the life of their loan.
4. Greater choice of properties: With the MyHome Shared Equity Scheme, homebuyers have access to a greater choice of properties, up to $600,000 for established builds and no cap for house and land packages or new home construction.
5. Security of homeownership: By owning their own home, homebuyers can enjoy greater security and stability in their living arrangements, which can have positive impacts on their overall well-being and quality of life. The MyHome Shared Equity Scheme provides Tasmanians with a practical and affordable way to enter the property market and enjoy the benefits of homeownership. It can help to reduce financial stress, increase housing affordability, and promote economic stability and growth.
Call Sally today on (03) 6231 8181 or click here if you would like more information.
