There are many good reasons why downsizing your home makes perfectly good sense.
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You can enjoy:
- The financial freedom achieved by freeing up the equity in your existing home
- A more relaxed lifestyle without the burden of gardening and home maintenance
- The comfort of living in a home that is designed to better suit your physical and financial needs
- More money for your retirement by purchasing a lower-priced home than the one you sold
- The benefits of living in a community of like-minded people with similar interests
If you are over 55 years of age and have thought about selling your existing home to downsize to a new smaller home, then you should read on...
The Villa Estate in Bungendore is an innovative independent living community of 40 villas specially designed for over 55s. All villas are built in accordance with the 'NSW Housing for Seniors or Persons with a Disability' building code offering spacious wheelchair-accessible floor plans on a smaller lot to minimise maintenance.
The Villa Estate in Bungendore offers some major features and benefits including no entry and exit fees and great value.
"Each villa is built on its own freehold land title where you own it. Therefore, you will retain the full capital gain when you or your family decide to sell. You can even bequeath your villa to a beneficiary in your will. Your beneficiaries can also borrow against the value of the villa because they can offer the freehold title to a bank as security," the developer said.
"Most other independent living developers sell their villas under a 'leasehold' model. This means that you don't actually own your villa. You can not leave your leasehold villa in your will and you can not borrow against the value of the villa because you don't actually own it.
"Most importantly, most other developments charge up to 40 per cent of the original purchase price (known as a 'deferred management fee') plus 50 per cent of your profit when you sell. Others charge up to 40 per cent of the new total selling price."
This advertising feature was sponsored by the following business. Click the link to learn more:
- Villa Estate in Bungendore. Call 0418 486 949.
Currently Stage 1 villa prices range from $483,000 for a two bedroom, two bathroom and alfresco with a 3.5m wide single garage to $539,500 for a larger two bedroom, two bathroom and alfresco with a 6.5m wide double garage. A three bedroom design is also available.
"There are four different spacious design options to choose from, each with its own unique features, benefits and quality inclusions," the developer said.
"The Villa Estate is an exclusive secure gated development where only the residents control who enters. Each resident will be living in a comfortable and secure environment that allows true independence while living in a community atmosphere with like-minded people."
The Villa Estate will also include a resident-owned clubhouse with a fully functional kitchen and a separate visitor's car park.
The villas are now ready for your inspection so call 0418 486 949, email sales@corporation.com.au or visit the offices at 35 King Street, Bungendore.
