We know it’s a really exciting time buying and building your first home, nevertheless, it doesn’t always end up that like that for a good deal of first home purchasers.
Too many times we see people wasting hundreds of thousands of dollars on a new home & land package due to the fact that they believed they were getting themselves a good deal.
However keep in mind, if it sounds too great to be real, it typically is!
See, some Companies ‘hide’ their extra costs and don’t offer you fixed upfront ‘costs’. Meaning that ‘quote’ they just offered you, will most certainly NOT be the total 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 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 due to the fact that you’re missing out on extras that ought 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 expenses’ so the builder can catch 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 regrettably didn’t do sufficient research before 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 wished to build on (plus the worst part was, he believed he ‘d got himself a cheap rate, however he ‘d really paid more than what it was valued at and really didn’t need to turn over a 10% deposit either).
Sara, regrettably, approached us after she ‘d just signed contracts with a big home builder and paid her deposit, just to later be hit with an additional $35,000 in ‘unexpected’ expenses (for items she believed were inclusive in the original quote) and had no idea how she ‘d cover the costs.
Thankfully, with Rahul, among our new home experts 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. Beginning once again with another Company and losing the deposit she ‘d already paid wasn’t an option. So she ended 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 purchasers that discover themselves in a truly stressful situation due to the fact that they‘ve made a decision (and parted with a great deal of cash) without having all the information and support from experts, that they required.
And we honestly don’t want that to happen to you!
That’s why we started the First Home Buyer Accelerator to direct novice new home buyers through the entire process so you don’t make any of the expensive and common errors we see far too often.
It’s their role to ask all of those questions that Rahul and Sara should have asked. It’s their role to locate you the best offer and it’s their role to make certain you move into your first home happy and thrilled.
Think of having peace of mind that when you do locate your ideal first home, you know you’re making the best choice.
In just a fast 10 minute call, you’ll get to talk with one of our experts before you making a decision you may later regret and you’ll also learn immediately if you get approved 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.