We know it’s a very amazing time purchasing and building your first home, however, it does not constantly wind up that like that for lots of first time home buyers.
Too many times we see individuals losing hundreds of thousands of dollars on a new home & land bundle because they believed they were getting themselves a good deal.
But remember, if it sounds too great to be true, it normally is!
See, some Companies ‘conceal’ their additional charges and do not offer you fixed upfront ‘costs’. Indicating that ‘quote’ they just offered you, will most definitely NOT be the final cost you have to pay.
Which’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 less expensive than other comparable homes you‘ve looked at … there is most likely a good reason why.
The majority of the time it’s because you’re losing out on inclusions 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 costs’ so the contractor can make up their original price shortfall.
We hear a great deal of scary stories from first home buyers that get a bit too fired up and unfortunately didn’t do enough due diligence before parting with their hard-earned cash.
Rahul was one of them. He came to us after spending his whole $25,000 deposit to lock in a block of land that no builder wished to develop on (plus the worst part was, he believed he ‘d got himself a low-cost rate, however he ‘d really paid more than what it was valued at and actually didn’t require to hand over a 10% deposit either).
Sara, unfortunately, contacted us after she ‘d just signed contracts with a big builder and paid her deposit, just to later be hit with an extra $35,000 in ‘unanticipated’ costs (for items she believed were inclusive in the original quote) and had no thought of how she ‘d pay for them.
Thankfully, with Rahul, one of our new home land professionals were able to help him find a builder that specialised in building on smaller sized 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 builder and losing the deposit she had actually previously paid wasn’t an option. So she ended up having to finance the additional $35,000 from her mum and dad and chalk it up to one of lifes lessons.
Rahul and Sara are just some of the numerous first home buyers that find themselves in a truly stressful scenario because they‘ve decided (and parted with a great deal of money) without having all the details and assistance from professionals, that they needed.
And we truly do not want that to occur to you!
That’s why we started the First Home Buyer Accelerator to assist first-time new home buyers through the whole process so you do not make any of the expensive and typical errors we see far frequently.
It’s their job to ask all of those concerns that Rahul and Sara should have asked. It’s their job to locate you the best deal and it’s their job to ensure you move into your first home pleased and excited.
Imagine having peace of mind that when you do locate your best first home, you know you’re making the right decision.
In just a quick 10 minute call, you’ll get to speak to one of our professionals before you deciding you may later regret and you’ll also learn instantly 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.