Kids moved out, or close to retirement? Deciding to downsize can mean an easier future.
The idea of downsizing can be exciting, but the thought of leaving a home filled with memories might feel daunting. However, you can rest assured that downsizing can be an great experience – Coral Homes is here to help.
With over three decades of building experience, we’ve honed our expertise to cater specifically to Australians looking to embrace a more streamlined, yet equally comfortable way of living. Don’t just downsize into any home, downsize into your forever home, with Coral Homes.
Find your perfect home
Is downsizing worth it?
Downsizing can be beneficial to your lifestyle, when done right. Here’s why.
Optimal use of space
With downsizing, it’s not about compromising, but maximising space. Our home designs ensure that smaller spaces feel open, functional and stylish. Well drawn-up floorplans can often mean a home feels even more spacious than its larger, older counterparts.
Tailoring a home to current needs
As lifestyles and family dynamics change, so do housing needs. A new, downsized build offers the unique opportunity to customise a home to one’s current requirements. Instead of adjusting to the quirks of an older home, there’s the freedom to create a space that perfectly matches modern living.
Economic advantages
Smaller homes often mean smaller bills. Reduced utility costs, lower property taxes and less maintenance can lead to significant savings over time. Additionally, building new often provides more predictable costs, especially when opting for a builder with transparent pricing.
Fresh start with energy efficiency
New homes, especially those constructed by contemporary builders, often incorporate the latest in energy-efficient designs and technology. This not only reduces the carbon footprint, but also leads to notable savings in energy bills.
Adaptable living
One of the main attractions of a downsized, new build is its adaptability. Homes constructed today are designed to evolve with homeowners’ needs, offering flexible spaces that can serve multiple functions over time.
Decreased maintenance and up-keep
New builds also mean fewer immediate repairs and reduced maintenance. Older homes might have character, but they could bring with them potential problems, from outdated electrical systems to leaky roofs. A newer, downsized home offers peace of mind.
When downsizing, we believe that building new is the way to go. Not only does it provide an avenue for fresh beginnings, but it also ensures that you’re set up for years to come. With a blank canvas and endless possibilities, it stops being just about downsizing, but about optimising the rest of your life.
Top Downsizer Home Designs
Why Coral Homes?
When you choose to downsize with Coral Homes, you’re making a choice for smarter living, enriched with quality, innovation and value.
Built on trust, since 1990
Having helped over 25,000 Australians find their dream home since 1990, we bring a wealth of experience to the table. We understand that downsizing doesn't mean downgrading. Our designs reflect the evolving needs of Aussie families, ensuring that every home, no matter its size, offers comfort, functionality and a touch of elegance.
Financial stability in a booming market
In a market that's always evolving, Coral Homes stands strong. Our approach means we align deposits with our capacities, ensuring we're always ready and equipped to bring your downsizing dream to reality. With a solid financial foundation, you can rest assured that your new home project is in safe, reliable hands.
Exceptional value for money
Our promise at Coral Homes is to always provide outstanding value for money. When you downsize, you shouldn't have to compromise on quality or style. We ensure that every part of your new home is meticulously designed to suit your lifestyle, while our comprehensive standard inclusions mean you get a modern, stylish home without the hidden costs.
Award-winning excellence
Our recognition as a two-time winner of the HIA Professional Major Builder Award, combined with top ratings for customer satisfaction in 2021 & 2022, isn't just a nod to our dedication, but an assurance for you. When you downsize with us, you're partnering with an industry leader, celebrated for its commitment to quality.
Transparent pricing with no surprises
Downsizing is as much a financial decision as it is a lifestyle one. With our open pricing policy, we're transparent from the beginning, allowing you to plan your finances with clarity and confidence.
Commitment to quality
Each home is a culmination of dedication and an intricate seven-step quality assurance process, including independent inspections. This isn’t just about ticking boxes; it’s about crafting spaces you can thrive in.
Post-build support with a robust warranty
Our relationship doesn't end when we hand over the keys to your new home. With our robust Service and Warranty Program, we stand by our promise of quality and support, ensuring that your transition to a downsized home is smooth and easy.
We’re here to ensure that your new chapter is not just about a smaller home, but about optimising and enhancing every aspect of your lifestyle. Experience the difference with Coral Homes.
The downsizing process
The downsizing process with Coral Homes varies depending on whether you want to build a home on an entirely new plot of land, or knock down and rebuild. Let’s look at the standard process, you can see the knock down rebuild process here.
1
Research
Let the journey begin!
Whether you are looking for some style inspiration or your dream home – our website and display homes are the perfect place to start mapping out your home building journey.
Our experienced New Home Consultants are on hand to answer any questions along the way and if you’re looking for land to fit your dream home on, we’ll help source the perfect block.
Best of all, when you choose an eligible house and land package, we can provide you with a fixed price quote, before you pay any money. We can look at the best siting options for your home whilst addressing developer guidelines. This is a great way to ensure you keep to your budget by providing peace of mind up front.
2
Pre-Site Process
Once you have decided on your dream home and location, you’ll receive a personalised free estimate, followed by a preliminary agreement of your new home and tender.
When you are happy to proceed, your full working drawings (plans) and HIA contract will follow.
Now it is time for the real fun to begin – selecting your colours! At the selection stage you’ll make choices suited to your own style and flair. Be it tiles, paint, electrical layout and more, you’ll be spoilt for choice in our showroom.
Following your selections, we’ll finalise all your paperwork and ensure all the relevant approvals are completed to commence construction. This is a pivotal step in the beginning of building your new home!
3
Construction process
Time to see it all come together. After a site start date has been issued, your Building Supervisor will then become your primary point of contact. Your Supervisor will contact you to arrange a meeting on site where you will discuss the construction of your new home and from there on, provide you with a weekly update on the progress of your home.
The construction process comprises, the house base, frame, external linings and fixing and finally practical completion. Once these stages are complete, you’ll attend your final walk-through inspection to clarify any outstanding items. After all the key milestone stages of building your home are completed, you are at the handover stage where you receive the keys to your dream Coral home!
4
Aftercare
To help you settle in and provide additional peace of mind, we will provide you with a Service & Warranty Program after handover. We will fix any of the minor items which may occur as a result of your new home settling.
Your home is also covered against structural damage by a statutory Builder’s Warranty for a period of 6½ years in QLD and 6 years in NSW.
Coral Homes partners with all the leading building suppliers, meaning we incorporate the highest quality inclusions in your new home and each of which comes with its own manufacturer’s warranty.
For more information visit the Service and Warranty section of our website.
Tips on downsizing
If you still want to learn more about upsizing your home, take a look at some of our helpful tips and articles on upsizing below. With over 30 years of experience, we’ve helped thousands of Aussie families build a bigger and better home.
First Home Buyers tips and tricks
First Home Buyers tips and tricks
Building Your First Home: Designs That Grow With Your Family
Choosing Between a Single-Storey and Double-Storey Home
First Home Owners Grant (FHOG) NSW 2024
First Home Owners Grant (FHOG) QLD 2024
Unveiling our NEW Yarrabilba display homes
Top 5 must-haves when building a new home
7 Key questions you need to ask when buying a new home
How to get that display home look
House & land packages: What to look for
First time building? – Let us educate you!
Some like it hot: 6 tips to secure property in a scorching market
The road to demolition
Do you think a knock down and rebuild of your current home is the best way to downsize? Here are 8 things to consider before we get started.
Building Process
From Express to Contract, Standard Process or a Knock Down and Rebuild project, each unique build journey is catered to individuals, couples and families of all sizes.
First Home Buyers FAQs
Have a question? It may have been answered in our most frequently asked questions page. Check out our First Home Buyers FAQs for more!
Latest Offers
At Coral, we’re all about making beautiful homes affordable for Australian families. Check out our current offers for the latest offers, upgrades and inclusions on your downsized home.
Looking to downsize?
When your family living arrangements drop from five people down to two, a double storey home can become much harder to maintain.
Frequently asked questions
Homes perfect for downsizing
How do your promotions work?
At Coral Homes we have two specifications of inclusions available for you to choose from for your new home depending on your needs and budget: Designer Standard Inclusions and Elegance Luxury Inclusions. Designer and Elegance inclusions offer great value, however from time to time, Coral Homes also offers promotions in conjunction with our inclusions specifications to provide even more value for home buyers, for a limited time only. You can find out more on our offers page and explore our latest deals.
Can I go on the building site of my home?
You can go on site any time you like, as long as your Building Supervisor is there with you. This policy is for safety reasons and your own protection.
How much will my deposit be?
At Coral Homes, we only require you to pay a deposit once you are 100% happy with your free estimate and are ready to move forward to the next stage. We’ll then prepare a preliminary agreement that includes a fee of $2,500. This fee allows us to produce the necessary reports on your land, to provide you with a contract and ensure you have complete peace of mind and transparency.
Request a custom House & Land Package for your chosen home design
Disclaimer: *To find out more on the the First Home Owners’ grant in Queensland click here or for New South Wales click here.
Facade image may depict features such as landscaping, timber decking, furniture, window treatments and lighting which are not included in the package price or which are not available from Coral Homes. Floorplan is indicative only, conceptual in nature and subject to change. Floorplan may depict fixtures, fittings, features, finishes, inclusions, furnishings, vehicles and/or other products which are not included in the house design, not included in the package price and/or not available from Coral Homes. *Price shown is based on Coral homes price list of your chosen region. Price shown does not include stamp duty, registration fees, additional amounts payable in respect of variations to the house design requested by the buyer or any other incidental fees associated with the acquisition of the land and home. Plan is subject to approval by the Principal Developer and Local Authorities. Additional costs may apply for bushfire, acoustics, N3, easements or additional covenant requirements and retaining walls. Coral Homes reserves the right to withdraw this package at any time, prior to entry into a contract, without notice. For full terms and conditions in relation to all our current offers including further information on offer inclusions click here. QBCC 50792/1014053, OFT NSW 62084C, BLD260339.