We understand it’s a really exciting time purchasing and building your first home, however, it doesn’t always wind up that like that for many first home purchasers.
A lot of times we see individuals wasting hundreds of thousands of their hard earned money on a brand-new house & land package because they believed they were getting themselves a good deal.
But keep in mind, if it sounds too good to be real, it usually is!
See, some builders ‘conceal’ their additional fees and don’t provide you fixed upfront ‘costs’. Suggesting that ‘quote’ they just provided you, will most definitely NOT be the final amount 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 probably an excellent reason why.
Most of the time it’s because you’re missing out on extras that need to 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 contractor can catch up their original price shortfall.
We hear a lot of horror stories from first home purchasers that get a little bit too excited and unfortunately didn’t do enough due diligence prior to parting with their hard-earned cash.
Rahul was one of them. He approached us after using his whole $25,000 deposit to secure a block of land that no Company wanted to construct a house on (plus the worst part was, he believed he ‘d got himself a low-cost price, but he ‘d actually paid more than what it was worth and actually didn’t require to turn over a 10% deposit either).
Sara, unfortunately, came to us after she ‘d already signed contracts with a well known Company and paid her deposit, only to later be struck with an extra $35,000 in ‘unforeseen’ expenses (for items she believed were inclusive in the initial quote) and had no thought of how she ‘d cover the costs.
Luckily, with Rahul, one of our brand-new home land experts were able to help him discover a builder that specialised in building on smaller narrow blocks of land and wasn’t going to charge him a fortune to do so.
But, with Sara, it was too late. Beginning again with another Company and losing the deposit she ‘d previously paid wasn’t a choice. So she ended 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 a few of the many first home purchasers that discover themselves in a truly difficult scenario because they have actually made a decision (and parted with a lot of money) without having all the information and assistance from experts, that they required.
And we truly don’t wish that to occur to you!
That’s why we started the First Home Buyer Accelerator to guide first-time new home buyers through the whole procedure so you don’t make any of the pricey and common errors we see far too often.
It’s their job to ask all of those questions that Rahul and Sara should have asked. It’s their job to locate you the very best offer and it’s their job to make sure you move into your first home pleased and thrilled.
Think of having assurance that when you do locate your perfect first home, you understand you’re making the ideal decision.
In just a fast 10 minute call, you’ll get to talk with one of our experts prior to you making a decision you may later regret and you’ll also find out right away if you receive 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.