We know it’s an extremely thrilling time buying and building your first house, nevertheless, it doesn’t always end up that like that for many first time house purchasers.
A lot of times we see people losing hundreds of thousands of dollars on a new home & land package due to the fact that they believed they were getting themselves a great deal.
But keep in mind, if it sounds too great to be real, it usually is!
See, some builders ‘hide’ their additional fees and don’t give you fixed upfront ‘quotes’. Indicating that ‘quote’ they just offered you, will most definitely NOT be the total cost you have to pay.
And that’s when you should be asking yourself, why?
If you’re being sold any house and land packages that are 10s of thousands of dollars less expensive than other comparable houses you‘ve taken a look at … there is probably a good reason why.
The majority of the time it’s due to the fact that you’re missing out on inclusions that must actually come as standard (and they’ll be making you pay for them later), or you’re going to be paying additional for ‘site expenses’ so the builder can catch up their original price shortfall.
We hear a lot of scary stories from first house purchasers that get a bit too excited and unfortunately didn’t do adequate due diligence prior to parting with their hard-earned money.
Rahul was one of them. He came to us after using his entire $25,000 deposit to secure a block of land that no home builder wanted to construct a house on (plus the worst part was, he believed he ‘d got himself a cheap price, but he ‘d in fact paid more than what it was valued at and really didn’t need to hand over a 10% deposit either).
Sara, unfortunately, approached us after she ‘d already signed agreements with a well known home builder and paid her deposit, only to later be hit with an additional $35,000 in ‘unforeseen’ expenses (for items she believed were included in the initial quote) and had no thought of how she ‘d pay for them.
Luckily, with Rahul, one of our new house specialists had the ability to help him discover a home builder that specialised in building 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. Beginning again with another home builder and losing the deposit she ‘d already paid wasn’t a choice. So she wound up needing to finance the additional $35,000 from her parents and chalk it up to one of lifes lessons.
Rahul and Sara are just some of the many first house purchasers that discover themselves in a really difficult scenario due to the fact that they‘ve made a decision (and parted with a lot of cash) without having all the information and help from specialists, that they needed.
And we really don’t wish that to occur to you!
That’s why we started the First Home Buyer Accelerator to direct first-time new home buyers through the entire process so you don’t make any of the expensive and typical mistakes we see far frequently.
It’s their role to ask all of those questions 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 certain you move into your first house delighted and thrilled.
Imagine having comfort that when you do find your ideal first house, you know you’re making the ideal decision.
In just a quick 10 minute call, you’ll get to talk to one of our specialists prior to you making a decision you may later regret and you’ll also find out immediately if you get approved for help finding, buying and building your new first house.
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.