We know it’s an extremely exciting time buying and building your very first home, nevertheless, it doesn’t always wind up that like that for a good deal of first home 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 good deal.
However keep in mind, if it sounds too great to be true, it normally is!
See, some builders ‘conceal’ their extra costs and do not give you fixed upfront ‘costs’. Meaning that ‘quote’ they simply offered you, will most certainly NOT be the final amount you need to pay.
Which’s when you should be asking yourself, why?
If you’re being sold any home and land packages that are tens of thousands of dollars less expensive than other similar homes you have actually taken a look at … there is most likely a great reason why.
The majority of the time it’s due to the fact that you’re losing out on extras that must 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 horror stories from very first home purchasers that get a little bit too excited and unfortunately didn’t do sufficient 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 secure a block of land that no home builder wanted to develop on (plus the worst part was, he believed he ‘d got himself a low-cost price, however he ‘d really paid more than what it was worth and really didn’t need to hand over a 10% deposit either).
Sara, unfortunately, came to us after she ‘d already signed contracts with a well known home builder and paid her deposit, only to later be hit with an additional $35,000 in ‘unexpected’ costs (for extras she believed were inclusive in the original quote) and had no thought of how she ‘d cover the costs.
Thankfully, with Rahul, among our new home build professionals had the ability to help him find 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 far too late. Starting again with another home builder and losing the deposit she had actually already paid wasn’t an option. So she wound up needing to finance the extra $35,000 from her parents and chalk it up to one of lifes lessons.
Rahul and Sara are simply some of the numerous very first home purchasers that find themselves in a really stressful circumstance due to the fact that they have actually made a decision (and parted with a lot of savings) without having all the details and support from professionals, that they required.
And we really do not wish that to happen to you!
That’s why we started the First Home Buyer Accelerator to assist first-time purchasers through the entire procedure so you do not make any of the expensive and typical mistakes 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 best offer and it’s their job to make sure you move into your very first home happy and excited.
Imagine having assurance that when you do locate your best very first home, you know you’re making the ideal decision.
In simply a quick 10 minute call, you’ll get to talk with one of our professionals prior to you making a decision you might later regret and you’ll also find out instantly if you receive 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.