We know it’s an extremely thrilling time buying and building your first house, nevertheless, it doesn’t always end up that way for a good deal of first time house buyers.
A lot of times we see individuals squandering hundreds of thousands of dollars on a brand-new home & land bundle due to the fact that they thought they were getting themselves a good deal.
However remember, if it sounds too great to be real, it typically is!
See, some home builders ‘hide’ their extra 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 house and land packages that are 10s of thousands of dollars less expensive than other similar houses you‘ve looked at … there is probably a good reason why.
Most of the time it’s due to the fact that you’re losing out on inclusions that should 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 builder can catch up their original price gap.
We hear a lot of scary stories from first house buyers that get a bit too excited and sadly didn’t do enough due diligence prior to parting with their hard-earned cash.
Rahul was among them. He approached us after spending his entire $25,000 deposit to lock in a block of land that no home builder wished to construct a house on (plus the worst part was, he thought he ‘d got himself a low-cost price, however he ‘d in fact paid more than what it was valued at and actually didn’t need to hand over a 10% deposit either).
Sara, sadly, contacted us after she ‘d already signed agreements with a big home builder and paid her deposit, just to later be hit with an extra $35,000 in ‘unexpected’ costs (for extras she thought were inclusive in the original quote) and had no thought of how she ‘d cover the costs.
Luckily, with Rahul, one of our brand-new house 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.
But, with Sara, it was too late. Starting once again with another home builder and losing the deposit she had actually previously paid wasn’t an option. So she ended up having to borrow the extra $35,000 from her parents and chalk it up to one of lifes lessons.
Rahul and Sara are just some of the numerous first house buyers that find themselves in a truly difficult situation due to the fact that they‘ve made a decision (and parted with a lot of cash) without having all the details and support from professionals, that they required.
And we honestly don’t want that to occur to you!
That’s why we began the First Home Buyer Accelerator to direct novice new home buyers through the entire procedure so you don’t make any of the costly and common errors we see far too often.
It’s their role to ask all of those concerns that Rahul and Sara should 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 pleased and excited.
Picture having peace of mind that when you do find your perfect first house, you know you’re making the right choice.
In just a quick 10 minute call, you’ll get to talk to one of our professionals prior to you making a decision you may later regret and you’ll also find out right away if you receive assistance finding, buying and building your brand-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.