We understand it’s a very thrilling time buying and building your first home, nevertheless, it does not constantly wind up that way for a good deal of first time home purchasers.
A lot of times we see people losing hundreds of thousands of dollars on a new home & land bundle since they believed they were getting themselves a good deal.
But keep in mind, if it sounds too good to be true, it usually is!
See, some Companies ‘hide’ their additional charges and don’t offer you fixed upfront ‘costs’. Indicating that ‘quote’ they just gave you, will most certainly NOT be the total cost you have to pay.
And that’s when you should be asking yourself, why?
If you’re being offered any home and land packages that are tens of thousands of dollars cheaper than other similar homes you‘ve looked at … there is most likely a good reason why.
The majority of the time it’s since you’re losing out on extras that must really come as standard (and they’ll be making you pay for them later on), or you’re going to be paying additional for ‘site costs’ so the contractor can make up their original price shortfall.
We hear a great deal of horror stories from first home purchasers that get a little bit too excited and sadly didn’t do adequate due diligence before parting with their hard-earned cash.
Rahul was among them. He came to us after spending his entire $25,000 deposit to secure a block of land that no builder wanted to construct a house on (plus the worst part was, he believed he ‘d got himself a low-cost rate, however he ‘d actually paid more than what it was worth and truly didn’t need to hand over a 10% deposit either).
Sara, sadly, approached us after she ‘d already signed contracts with a well known builder and paid her deposit, only to later on be hit with an extra $35,000 in ‘unanticipated’ costs (for items she believed were included in the initial quote) and had no thought of how she ‘d cover the costs.
Thankfully, with Rahul, one of our new home land professionals had the ability to assist him find a builder that specialised in working on smaller narrow blocks of land and wasn’t going to charge him a fortune to do so.
However, with Sara, it was far too late. Beginning again with another builder and losing the deposit she had actually already paid wasn’t an option. So she ended up having to borrow the additional $35,000 from her parents and chalk it up to one of lifes lessons.
Rahul and Sara are just a few of the numerous first home purchasers that find themselves in a truly stressful circumstance since they‘ve made a decision (and parted with a great deal of cash) without having all the info and assistance from professionals, that they needed.
And we really don’t wish that to happen to you!
That’s why we began the First Home Buyer Accelerator to assist novice purchasers through the entire procedure so you don’t make any of the expensive and common mistakes we see far frequently.
It’s their role to ask all of those questions that Rahul and Sara should have asked. It’s their role to find you the very best offer and it’s their role to make certain you move into your first home pleased and excited.
Picture having comfort that when you do find your perfect first home, you understand you’re making the right decision.
In just a quick 10 minute call, you’ll get to talk with one of our professionals before you deciding you may later on regret and you’ll also learn instantly if you qualify for help finding, buying and building your 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.