There has truly never been a better time to invest in a home extension or renovation project, with the Australian government having just announced limited-time-only $25,000 cash grants for homeowners, to either build a home or upgrade their existing home.
What is the HomeBuilder Scheme, and What Criteria Applies?
The scheme was designed with an aim to spark jobs and stimulus for the economy, especially in light of impacts caused by the COVID-19 pandemic. The $25,000 government cash grant is only being offered to those who enter into a building contract with a licenced builder (such as Cubitt’s) between 4 June 2020 and 31 December 2020, and construction must commence within three months of the contract date. So if you have previously shelved your major renovation plans, now is the time to increase the value of your property and make the most of this limited-time incentive.
There are some quite specific criteria that need to be met in order to qualify for the HomeBuilder scheme. For example, in terms of project size and scale, home owner-occupiers will be required to spend a minimum of $150,000 on their renovation project. There is also income capped eligibility, you must have a single income of up to $125,000 or a combined income of up to $200,000. To browse the full list of eligibility requirements, scroll down to our Reference list and visit the government’s HomeBuilder fact sheet.
Home Extensions Can Be More Affordable Than Moving House
Many growing families find that their existing homes no longer provide the functionality and usable space they need. Rather than attempting to traverse through the rugged real estate market, especially in times of recession, investing in a home improvement project means you can stay in the home you love, where your treasured memories have been made. A home extension allows you to keep the kids in the same school with their friends, all while adding value instantly to your existing dwelling and achieving the functional space you need.
Perhaps you’re looking to build a granny flat-style accommodation downstairs? Or adding a second story for extra accommodation, and a study to work from home when needed? If you and your family live in a property you own and want to renovate to improve the accessibility, safety or liveability of your home, the government’s HomeBuilder grant may be the perfect added financial assistance to finally bring your plans to reality.
Find the Perfect Builder for Your Needs
With such little time to plan and act, it can be tempting to sign a contract with the first builder you find. It’s more important than ever to choose a builder who is transparent about the materials they will use on your property, and their overall build process - so you don’t end up with poor workmanship or projects that remain uncompleted for years on end. Find a reputable builder with longevity in the industry and a willingness to listen to your needs.
Cubitt’s are a family owned and operated business, who have been building with various local councils throughout NSW and the ACT for over 25 years. Our materials are sourced from world-class suppliers at affordable prices due to our knowledge and longevity in the industry. Our experienced design consultants are ready to listen to your individual needs and tastes, to help you design and plan a renovation project perfect for the home of your family’s future.
As our company name suggests, designing and constructing home improvements are the foundation upon which Ian Cubitt’s Classic Home Improvements was built. Having delivered home extensions and renovations for customers over 25 years, we have built up a reputation as one of the most trusted builders in NSW and the ACT. We pride ourselves on delivering customers their dream project on time and within budget, offering a stress-free experience by providing every Cubitt’s customer with a dedicated point of contact. We have taken the time to carefully select the most skilled, reliable and friendly tradesmen in the industry – so your home renovation dream can be realised.
If you are considering a home renovation or extension, give our experienced sales and design consultants a call on 1300 721 150 to discuss your dream project, and the government’s HomeBuilder scheme. Alternatively, you can contact our team via email at hello@cubitts.com.au
Reference:
https://treasury.gov.au/sites/default/files/2020-06/Fact_sheet_HomeBuilder.pdf
What a renovation looks like with Cubitt’s
Here at Cubitt’s, we’ve built our business around home extensions and renovations. We’ve completed more than 300 extensions across Sydney, Newcastle, Wollongong, Canberra and beyond - we love seeing a house transform into a dream home, which is why we’re considered one of the leading renovation teams on Australia’s east coast!
Reinvent your home with Cubitt’s - give us a call on 1300 721 150 for an obligation-free consultation today!
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