We know it’s a very exciting time purchasing and building your first home, nevertheless, it doesn’t always wind up that way for lots of first time home purchasers.
Too many times we see people wasting hundreds of thousands of their hard earned money on a new home & land package since they thought they were getting themselves a good deal.
However keep in mind, if it sounds too great to be real, it generally is!
See, some builders ‘conceal’ their additional costs and do not offer you fixed upfront ‘costs’. Suggesting that ‘quote’ they just provided you, will most definitely 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 cheaper than other comparable homes you have actually taken a look at … there is most likely an excellent reason why.
The majority of the time it’s since you’re losing out on extras 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 great deal of scary stories from first home purchasers that get a little bit too fired up and regrettably didn’t do enough research prior to parting with their hard-earned cash.
Rahul was among them. He approached us after using his entire $25,000 deposit to lock in a block of land that no home builder wished to build on (plus the worst part was, he thought he ‘d got himself a cheap price, however he ‘d actually paid more than what it was worth and really didn’t require to hand over a 10% deposit either).
Sara, regrettably, approached us after she ‘d just signed agreements with a big home builder and paid her deposit, only to later be struck with an additional $35,000 in ‘unanticipated’ expenses (for items she thought were inclusive in the initial quote) and had no idea how she ‘d pay for them.
Luckily, with Rahul, one of our new home professionals 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.
However, with Sara, it was far too late. Beginning again with another home builder and losing the deposit she had actually already paid wasn’t a choice. So she ended up having 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 confronting scenario since they have actually made a decision (and parted with a great deal of money) without having all the info and support from professionals, that they required.
And we really do not want that to happen to you!
That’s why we began the First Home Buyer Accelerator to assist first-time purchasers through the entire procedure so you do not make any of the pricey and common 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 locate you the very best offer and it’s their role to make sure you move into your first home delighted and excited.
Picture having assurance that when you do locate your ideal first home, you understand you’re making the right decision.
In just a quick 10 minute call, you’ll get to speak to one of our professionals prior to you making a decision you may later regret and you’ll also learn right away if you get approved for help finding, purchasing 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.