We know it’s a very thrilling time buying and building your very first home, however, it does not always end up that way for many first home buyers.
A lot of times we see people squandering hundreds of thousands of their hard earned money on a new house & land bundle since they believed they were getting themselves a great deal.
But remember, if it sounds too great to be real, it usually is!
See, some builders ‘conceal’ their extra charges and don’t offer you fixed upfront ‘quotes’. Meaning that ‘quote’ they just gave you, will most absolutely NOT be the total amount you have to pay.
Which’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 comparable houses you have actually looked at … there is probably a great reason why.
Most of the time it’s since you’re missing out on inclusions that need to really come as standard (and they’ll be making you pay for them later), or you’re going to be paying extra for ‘site costs’ so the contractor can make up their original price gap.
We hear a great deal of horror stories from very first home buyers that get a little bit too excited and sadly didn’t do adequate due diligence prior to parting with their hard-earned cash.
Rahul was among them. He approached us after using his entire $25,000 deposit to lock in a block of land that no builder wished to build on (plus the worst part was, he believed he ‘d got himself an inexpensive price, but he ‘d actually paid more than what it was worth and really didn’t need to hand over a 10% deposit either).
Sara, sadly, approached us after she ‘d already signed agreements with a big builder and paid her deposit, only to later be hit with an additional $35,000 in ‘unexpected’ costs (for items she believed were inclusive in the original quote) and had no idea how she ‘d cover the costs.
Thankfully, with Rahul, one of our new home professionals were able to help him discover 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 too late. Starting once again with another builder and losing the deposit she ‘d already paid wasn’t an alternative. So she ended up having to borrow 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 very first home buyers that discover themselves in a really difficult circumstance since they have actually made a decision (and parted with a great deal of savings) without having all the details and assistance from professionals, that they required.
And we honestly don’t wish that to occur to you!
That’s why we started the First Home Buyer Accelerator to assist first-time purchasers through the entire process so you don’t make any of the costly and typical errors we see far too often.
It’s their job to ask all of those concerns that Rahul and Sara should have asked. It’s their job to locate you the very best deal and it’s their job to make sure you move into your very first home happy and proud.
Think of having assurance that when you do locate your best very first home, you understand 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 regret and you’ll also discover immediately if you qualify for help finding, buying and building your new very 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.