We understand it’s a very amazing time buying and building your first home, however, it does not always wind up that like that for a good deal of first home buyers.
Too many times we see individuals losing hundreds of thousands of dollars on a new home & land bundle due to the fact that they believed they were getting themselves a good deal.
However remember, if it sounds too great to be true, it typically is!
See, some builders ‘conceal’ their additional fees and do not provide you fixed upfront ‘costs’. Suggesting that ‘quote’ they just offered you, will most certainly NOT be the total 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 tens of thousands of dollars cheaper than other similar houses you‘ve taken a look at … there is most likely an excellent reason why.
The majority of the time it’s due to the fact that you’re losing out on extras that need to actually come as standard (and they’ll be making you pay for them later on), or you’re going to be paying additional for ‘site costs’ so the contractor can catch up their original price gap.
We hear a lot of horror stories from first home buyers that get a bit too excited and sadly didn’t do enough due diligence prior to parting with their hard-earned money.
Rahul was among them. He came to us after using his whole $25,000 deposit to lock in a block of land that no builder wished to build on (plus the worst part was, he believed he ‘d got himself an inexpensive cost, but he ‘d in fact paid more than what it was worth and truly didn’t require to hand over a 10% deposit either).
Sara, sadly, came to us after she ‘d just signed agreements with a big builder and paid her deposit, only to later on be struck with an additional $35,000 in ‘unforeseen’ costs (for items she believed were inclusive in the initial quote) and had no idea how she ‘d cover the costs.
Luckily, with Rahul, one of our new home specialists were able to assist 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.
However, with Sara, it was far too late. Starting once again with another Company 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 a few of the many first home buyers that find themselves in a truly difficult circumstance due to the fact that they‘ve made a decision (and parted with a lot of savings) without having all the info and help from specialists, that they required.
And we really do not wish that to occur to you!
That’s why we began the First Home Buyer Accelerator to assist first-time new home buyers through the whole process so you do not make any of the costly and common mistakes we see far too often.
It’s their role to ask all of those concerns 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 proud.
Think of having peace of mind that when you do locate your ideal first home, you understand you’re making the best choice.
In just a quick 10 minute call, you’ll get to consult with one of our specialists prior to you deciding you may later on regret and you’ll also learn instantly if you get approved for assistance 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.