Ground Floor Unit Design

November 25, 2018 6:27 am by zionstar
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18136658
Ground Floor Unit Design
Combining up to date and nation home plans can imply combining rustic materials reminiscent of slate flooring, uncovered ceiling beams, and kitchens with modern stainless-steel home equipment , plastic laminated cupboards , glass shelving and butcher block countertops. The final result`s a contemporary kitchen which is serviceable and has a cozy , rustic feel. Up to date design is about smooth surfaces akin to glass and stainless steel , and using daring colors.

Before we go right down to the actual theme of contemporary house plans, it is advisable know the essential options of a modern household. For starters contemporary house plan has large home windows to offer a lightweight and comfortable atmosphere, excessive ceilings, flexible and steady floor plan to accommodate modern furnishings and fixtures; and utilization of modern materials, akin to glass, steel , vinyl, stone, marble, and so on.

Home designs are powerful symbols that you need to use to create a statement to the world on who you are. Buildings have a long lifespan and can continue speaking your statement to the world long after your departure. House designs are additionally a mark of self-actualization.

Mid-Century Fashionable house plans are rising in recognition from New York to LA and everywhere in between. These plans embody historic Eichler designs from the Sixties, as well as recent home plans impressed by the long-lasting `Case Study ` modern houses in Los Angeles of the late 1940s and early 1950s. Led by Dwell journal , the mid century aesthetic of open plans, giant home windows and minimal detailing is rising as one of many key design tendencies of the early twenty first century.
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Neighbour noise from units above has traditionally been linked with weaker ground floor unit values. Poor apartment complex design can also be to blame for past noise problems

Downsizing to apartment living will be commonplace for boomers, so ease of pet allowance and smoking bans will help to boost the mental and physical health of retirement age and elderly occupants. Pet ownership can actually help to curb depression and also assist therapy for illnesses such as dementia too, especially for occupants who may have lost their life partner and are living on their own.

However, there are some dynamic factors at play in the current property climate that could see this attitude change moving forward. In my home state of NSW in particular, genuine opportunities are emerging that could make home buyers and investors rethink ground floor units.

So how do these changes positively affect ground floor units? The answer in my mind is all to do with Australia’s aging population. As baby boomers move towards retirement, demand for easy-access, level ground floor dwellings will likely increase.

2)      Demographic shifts in the Australian population, particularly in NSW, combined with an increasingly urbanised and vertical-lifestyle population

Young families have traditionally avoided the ground floor over concerns over break-ins, theft, and damage, and child safety. This is because in past decades most unit owners were typically younger people at an earlier stage of family or not yet having had any children

Growing retiree demand for ground floor housing due to better mobility Occupancy tenure is usually excellent, with many retiree-aged tenants establishing themselves in a property with more of a long-term view than say a young family or couple, who are looking to move out as soon as their home deposit is saved Rental repayment security is also a positive.

With most mature tenants being downsizers, cash flow is pretty good, making the financial commitment easier to wear Older folks make great tenants! In my experience my elderly tenants have maintained the properties very well and even created a sense of community within their building

Many Australian home buyer and investors have historically avoided ground floor units for a number of reasons. This stance was reflected in property value variances between ground and non-ground floor units over the past few decades.

It will be interesting to see how or if other states follow suit, in regard to strata by-law overhauls. If history is anything to go by, NSW typically leads changing trends in strata culture, so the knock-on effect is something worth keeping an eye on.

This could create great opportunities for home buyers and investors to rethink their position on ground floor dwellings.

The biggest ‘selling card’, then, for ground floor properties, has surely got to be mobility. Greater mobility and ease of access combined with greater demand from an increasing ageing population can only benefit the ground floor.

Investors would also traditionally target the younger family and DINK (double income, no kids) markets, and saw privacy and exclusivity as a key tenant preference. A private, pleasant view is a crucial feature for investors to ensure tenants have peace of mind, and this increased the chance of good tenants staying longer, reducing vacancy periods and improving return on investment

There are a number of perfectly valid historical reasons why investors and home buyers have avoided the ground floor:

Many Australian home buyer and investors have historically avoided ground floor units for a number of reasons. This stance was reflected in property value variances between ground and non-ground floor …

1)      Significant recent NSW state government strata by-laws changes; and

With some due diligence and proper forecasting, investors could be well placed to purchase ground floor units at lower rates, and reap the rewards later on in the holding period. A few of the many Department of Fair Trading strata by-law changes taking effect mid-2014 will help pave the way for this, these being:

A smoking ban on balconies and courtyards within individual units Greater allowance for pets in strata complexes Restrictions on floor covering types in certain unit levels and positions

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Lifestyle by-laws such as anti-smoking and pet-allowance are clearly designed to make residents of strata blocks live more harmoniously. With an increasing urbanising, ageing generation, apartment retirement living is becoming more likely and accessible.

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As baby boomers move towards retirement, demand for easy-access, level ground floor dwellings will likely increase.

For investors, the pros of holding a retiree-age occupied, ground-floor property far outweigh the cons these days, and here’s why:

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