We understand it’s an extremely thrilling time purchasing and building your first home, nevertheless, it doesn’t always end up that way for a good deal of first time home buyers.
Too many times we see people squandering hundreds of thousands of their hard earned money on a brand-new home & land bundle due to the fact that they believed they were getting themselves a great deal.
But remember, if it sounds too good to be true, it normally is!
See, some builders ‘hide’ their extra charges and don’t give you fixed upfront ‘costs’. Indicating that ‘quote’ they just provided you, will most certainly NOT be the final cost you need to pay.
And that’s when you should be asking yourself, why?
If you’re being offered any home and land packages that are 10s of thousands of dollars cheaper than other comparable houses you have actually taken a look at … there is most likely an excellent reason why.
The majority of the time it’s due to the fact that you’re losing out on inclusions that need to actually come as standard (and they’ll be making you pay for them later on), or you’re going to be paying extra for ‘site costs’ so the home builder can make up their original price gap.
We hear a great deal of scary stories from first home buyers that get a little bit too fired up and regrettably didn’t do enough due diligence prior to parting with their hard-earned money.
Rahul was one of them. He approached us after using his whole $25,000 deposit to secure a block of land that no builder wished to develop on (plus the worst part was, he believed he ‘d got himself a low-cost cost, however he ‘d actually paid more than what it was valued at and actually didn’t require to turn over a 10% deposit either).
Sara, regrettably, came to us after she ‘d just signed agreements with a big builder and paid her deposit, only to later on be hit with an extra $35,000 in ‘unforeseen’ costs (for items she believed were included in the original quote) and had no thought of how she ‘d pay for them.
Thankfully, with Rahul, among our brand-new home professionals were able to help him discover a builder that specialised in building on smaller sized narrow blocks of land and wasn’t going to charge him a fortune to do so.
But, with Sara, it was too late. Starting once again with another home builder and losing the deposit she had actually previously paid wasn’t an alternative. So she wound up needing to finance the extra $35,000 from her mum and dad and chalk it up to one of lifes lessons.
Rahul and Sara are just some of the many first home buyers that discover themselves in a really difficult situation due to the fact that they have actually made a decision (and parted with a great deal of money) without having all the details and assistance from professionals, that they needed.
And we truly don’t wish that to happen to you!
That’s why we began the First Home Buyer Accelerator to assist first-time new home buyers through the whole procedure so you don’t make any of the costly and typical errors we see far frequently.
It’s their role to ask all of those concerns that Rahul and Sara ought to have asked. It’s their role to find you the best deal and it’s their role to make sure you move into your first home pleased and thrilled.
Picture having peace of mind that when you do find your ideal first home, you know you’re making the ideal choice.
In just a quick 10 minute call, you’ll get to speak to one of our professionals prior to you making a decision you may later on regret and you’ll also learn immediately if you get approved for assistance finding, purchasing and building your brand-new first home.
Get access to thousands of dollars in free help so you can buy, build, and move into your first home faster and with more money left in your pocket.