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Residential properties around Melbourne with basement parking

BASEMENT IN RESIDENTIAL DWELLINGS

Article Credit: (Fence Posts in Herald Sun, Saturday 5th April 2008, page 8)

Basements are back in fashion across Melbourne as land shortages and traffic congestion start to influence the way we design homes.

Basements, once considered a luxury extension, are now becoming an option for people wanting more living space in high-density areas.  People are discovering that a basement allows them to do more with a small block, such as more storage space, car garage, wine cellar or media room. 

The cost and availability of large blocks that allow for big luxury houses offering an outdoor lifestyle complete with Alfresco entertaining area, a pool and still room for a double or triple garage is rapidly diminishing, especially in the inner city suburbs of Melbourne.

Blocks allowing enough space to fulfill these requirements are rarely available on the market throughout established inner city suburbs and when they are, they are very expensive with prices often further inflated by competition from developers seeking quality sites for medium density dwellings.

Buyers looking to build a luxury home with all the added conveniences are now seriously considering the option of basements.  Like many standard American homes, these are usually  used as garages but can also include home theatres, rumpus rooms, workshops, wine cellars, music rooms and laundries; and it’s a trend that doesn’t’t look likely to end soon.

As luxury home builders we’ve noticed a sharp increase in requests for homes with basements to provide these luxuries even beyond the borders of Toorak to places including Hawthorn, Malvern, Balwyn, Kew Camberwell, Bayside and more.
The benefits that can be gained by designing a home with a basement in terms of the ascetics, the size of house/garage/storage/backyard and maximizing the use of your land can well and truly off set the associated costs.

Most commonly, the request for basements is to service the need for undercover parking and basement garages are the ideal solution.  Not only does it save land for outdoor lifestyle, but it increases the home’s size allowing more space on the ground floor and enhances the facade by taking away ugly garage doors or cars parked in driveways out the front.

The inclusion of basements has seen another additional trend emerge, the use of elevators.  Having fallen in price over the last couple of years due to competitive businesses vying for commercial contracts, lifts can be installed and maintained at a much more affordable rate than once thought.

Of course there are many expenses involved in the inclusion of a basement, however if purchasers saved money on the land and spent it on the creation of an underground level, they would reap the many benefits in the long run, as they have automatically increased the value of their property that will secure their initial investment.

Although there are only a handful of residential builders who have the knowledge and expertise learned from building multi-level developments and that are able to include it into residential dwellings, I believe it is something that buyers should look into as a huge space saver and indeed a great lifestyle option.

For more information about Ravida Residential and Commercial projects please visit www.ravida.com.au or contact: T: 03 9821 0244

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Don Ravida

ANNOUNCEMENT:  DON RAVIDA – MBA LIFE MEMBER

Master Builders Association of Victoria (MBA) has recognised Don Ravida for his contribution to Melbourne’s building industry. Don has received life membership from the MBA for his work for the building industry and the organisation itself, including a term as president.

A second generation builder with over 20 years of experience, Mr Ravida has developed the Ravida Group into one of Melbourne’s most prestigious residential and commercial builders.

The Ravida Group is responsible for the design, construction and management of a range of quality projects in Melbourne’s inner east including the recently announced architecturally inspired retirement complex ‘Renaissance Living Surrey Hills’.

In recognition of his contribution to the building industry, the Master Builders Association of Victoria will officially present Mr Ravida with Life Membership at the MBA ‘President’s Dinner’ on 25 November 2008.

For further press information please contact:
Kate Williams
PLPR Media & Communications
T: (03) 9690 9000
M: 0419 349 136
F: (03) 9690 9055

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Renaissance Living in Melbourne’s Surrey Hills

RAVIDA PLANS FOR AN ACTIVE RETIREMENT

Ravida had brought its vast experience in luxury homebuilding and commercial building together as it launches its retirement division, ‘Renaissance Living’. The first project by the newly formed division is for a retirement development in the Melbourne suburb of Surrey Hills.

Expected to commence construction in the coming weeks, the project will incorporate a private health and leisure centre including a pool, hydro therapy, gym and group exercise space, for the exclusive use of residents. 

The Renaissance Living complex will also include a private restaurant dining room, library and spacious lounge areas. Other proposed inclusions offer suites for hairdressers, doctors and other onsite services, this active retirement development is designed to provide seniors with a complete lifestyle. 

Widely renowned for their prestigious award winning homes and commercial developments across Melbourne’s affluent inner east, Ravida have worked tirelessly to ensure a smooth transition with the addition of retirement to their project portfolio.

With over 30 years experience and expertise in the design, management and construction of residential and commercial development Renaissance Living demonstrates the continuing evolution of the firm.

Ravida Group managing director, Don Ravida, said the move into retirement is an exciting development for the group, which is expanding with a number of projects currently underway in Melbourne’s east.

“ Renaissance Living is the first of our Renaissance Living developments which we hope to roll out in strategic locations across Melbourne and the Mornington Peninsula.

“ We also have plans for a wave of retirement living projects including ‘Renaissance Villas’ in Mount Martha, which will offer a town-house/independent-style product.  We are looking forward to being a part of the specialist retirement market.”

“ Ravida will manage the project from inception to completion, meaning Renaissance Living will be nothing short of the reputation we wish to uphold as the premier development firm within Melbourne’s luxury living market. 

“ We aim to engage the residents of this complex and the local community to ensure the livability and community atmosphere, as well as the long term value of this project.

“ Works are commencing on the Renaissance Living property this month, with extensive planning and permits in place, we look forward to a swift construction process, with projections of completion during 2010.

“ As our portfolio continues to grow we at Ravida pride ourselves on quality rather than quantity, we aim to deliver projects on time, on budget and to the superior quality we are now known for, for which Renaissance Living will be no exception,” Mr Ravida said.

For further information regarding any of the Ravida Group’s residential or commercial projects please phone 03 9821 0244.

For info on the Renaissance Living Surrey Hills project phone 9836 3924 or visit www.renaissanceliving.net.au

Media Information:
Kate Williams
PLPR Media & Communications
T: 03 9690 9000
M: 0419 349 136
E: kate@plprmedia.com.au

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Apartment project in Wattletree Rd

$2.05M SALE SETS THE SCENE FOR WATTLETREE ROAD PROJECT

Ravida’s projects are still going strong, despite tough conditions for homebuilders in the property market. Quality developments are still being sought by home buyers. This is nowhere more evident than with the penthouse at Ravida’s Wattletree Road project, which has recently sold for more than $2 million.

This has set a benchmark for a new development with mixed apartments.

The 18 month project is now complete with apartments available from an average price of $1.2million.

Located at 333 Wattletree Road, the project covers a total of 2,743sqm, this development offers a range of floor plans to buyers seeking apartment-style living in the heart of Malvern.

The $14million residential apartment project has been designed for a local developer by leading architectural firm Demaine Partnership, project managed and constructed by the Ravida Group and marketed by real estate agents Bennison Mackinnon.

Ravida Group managing director, Don Ravida, said the sale of the penthouse indicated that quality projects in the right locations are still very much in demand.

“ In a time when discussion is very much about the economic downturn and doom and gloom – this sale represents the fact that well placed inner city developments such as Wattletree Road are still very much hitting the mark.”

He said working on high standing projects such as Wattletree Road further cements the Group’s reputation as a quality construction firm.

“ With extensive experience in the home design and construction process, we have carried the principles of luxury building standards into the apartment development market.

“ As a result of this, the apartments on Wattletree Road have been fitted with the luxurious finishes traditionally reserved for high-end houses..

“ We believe this development is further testimony to our company’s growing commercial division and our commitment to maintaining superior standards in construction.

“ Wattletree Road is renowned for its beautiful streetscape and central location, this development adds to this providing a prestigious new style of apartment living in Malvern.

“ Responsible for the completion of construction for this four-storey apartment development we look forward to seeing buyers moving and settling into this fantastic new home address.

Responsible for pre-selling apartments within the development, Bennison Mackinnon chief executive, Iain Carmichael, said there has been significant interest in the project throughout the construction process and it is great to see it come to fruition.

“ There are very few apartment developments of this caliber east of Glenferrie Road, which is one of the aspects that has drawn great consumer interest.

“ Already, the response from buyers has been fantastic, this is in part from the innovative design by Demaine but also the quality construction, finishing and fittings carried out by Ravida,” Mr Carmichael said.

With the lavish penthouse recently selling at over $2million in a private sale earlier this week, and now with just four apartments remaining, the opportunity to purchase one of the prestigious new living options on Wattletree Road will not last long.

Interested parties are encouraged to contact Mark Ridgeway or Iain Carmichael at Bennison McKinnon, Armadale on 03 9864 5000.

For further information regarding Ravida Residential or Commercial projects please visit www.ravida.com.au or phone 03 9821 0244.

For further press information please contact:
Kate Williams
PLPR Media & Communications
T: 03 9690 9000
M: 0419 349 136

E: kate@plprmedia.com.au

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