What is downsizing in place?

You love the bayside lifestyle and hold your community in high regard, appreciating all that it has to offer. Your friends are here, and it’s where you’ve raised your families.

Now, as you prepare for the next phase of your life—whether it’s chasing after grandchildren or planning overseas trips—you may find that your current home no longer suits your needs. Your property holds precious memories, but it also reveal signs of wear and tear. Perhaps the multitude of bedrooms and the vast backyard have become tiring to maintain and costly to upkeep, especially with other priorities taking precedence.

So, what if you could downsize without leaving your beloved location? Imagine waking up in the familiar surroundings, gazing out of sparkling windows of a brand-new townhouse, relishing the same streetscape that you have come to adore.

At Lowe Design & Build, we understand the compelling reasons why many Bayside landowner’s choose to downsize in place, and it might just be the ideal solution for you too.

Initially, you may hesitate with concerns surrounding the financial burden typically associated with high-quality custom builds. Fortunately, at Lowe Design & Build – we have a solution. Our development solution allows you to utilise your land’s potential and pave the pathway to your future and brand-new home.

You might have considered renovating

You may have considered renovating your current home, given the challenges of maintaining the garden and the aging condition of the house. However, renovating often proves to be a stressful, disruptive, and financially draining endeavor for many. It’s not easy to find reliable tradespeople, it’s difficult to quantify and costs can quickly escalate beyond control. Additionally, adding significant debt through a mortgage extension may not make sense at this stage of life. Even after investing considerable resources, there’s no guarantee that the renovated home will perfectly suit your needs.

This is why developing and downsizing on your exact property could offer the solution you’re seeking. Our team at Lowe Design & Build can custom design precisely to your needs and objectives, ensuring that your new home provides everything you need now and in the future.

You love where you live

You genuinely love where you live. Over the years, you’ve built a life in your current location, surrounded by friends, neighbours, and a vibrant community. It’s a place close to your family, and perhaps grandchildren have become an integral part of your life. You’ve established preferred routines and enjoy the proximity to amenities like cafes, shops, and services. The beach, the parks, and the tree-lined streets all contribute to your deep affection for this area. Considering all these factors, why would you want to live anywhere else?

You have considered selling

It’s understandable that you’ve contemplated selling your property, as it may no longer align with your needs and lifestyle. The allure of a new, streamlined, low-maintenance living arrangement might be tempting. However, leaving the area you love raises concerns. You may have started exploring your options, attending open inspections on Saturdays like many others. Yet, finding a property that perfectly reflects your taste, offers the right amount of living space, and boasts the luxury finishes and attention to detail you deserve is incredibly challenging. Thus far, you haven’t come across anything that truly meets your expectations.

Of course, there are multiple financial factors to consider when selling. If your objective is to maintain or reduce your mortgage, achieving these goals without relocating or drastically downsizing from your current accommodation can be a struggle. Unsurprisingly, neither of these options are particularly appealing.

How Lowe Design & Build can support you

At Lowe Design & Build, we can support you throughout your downsizing and development journey. Our comprehensive concierge service covers every aspect, from initial concept and design to delivery and even beyond with our Home Servicing initiative. With our talented and dedicated team of designers, client support personnel, licensed estate agents, managers, builders, and specialised tradespeople, everything is taken care of in-house. This ensures an efficient process, cost management, clear communication, and a unified vision for your new home (read more – Why design & build?).

We can help you to develop your land without funding the build

Are you asset rich, yet cash poor? We’re proud to facilitate an innovative model that allows you to develop your land without you funding the build. Under one brand, Lowe Design & Build, we can make downsizing in place a reality for you. It only makes sense to start the conversation with us and share what you’re looking for—we’re here to listen.

Book a complimentary and obligation-free site assessment, and let’s explore the possibilities together!

Other related articles

• Buying and Selling With Lowe Design & Build
• What is a “Pre Construction” Sale?
• Develop Your Land Without Using Your Own Funds

Please Note | The information provided is general in nature and your personal financial situation is unique. Any information and advice obtained through this article may not be appropriate for your situation. We would recommend seeking financial advice before proceeding.