We know it’s an extremely amazing time buying and building your first house, nevertheless, it doesn’t always end up that way for a good deal of first house purchasers.
A lot of times we see individuals losing hundreds of thousands of their hard earned money on a 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 true, it usually is!
See, some home builders ‘hide’ their extra costs and don’t give you fixed upfront ‘costs’. Meaning that ‘quote’ they simply gave 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 sold any house and land packages that are tens of thousands of dollars less expensive than other comparable homes you have actually looked at … there is most likely an excellent reason why.
Most of the time it’s due to the fact that 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 extra for ‘site costs’ so the home builder can make up their original price shortfall.
We hear a lot of horror stories from first house purchasers that get a bit too excited and unfortunately didn’t do adequate due diligence prior to parting with their hard-earned money.
Rahul was one of them. He approached us after spending his entire $25,000 deposit to lock in a block of land that no builder wished to develop on (plus the worst part was, he thought he ‘d got himself a cheap price, but 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, unfortunately, contacted us after she ‘d just signed agreements with a big 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 idea how she ‘d pay for them.
Thankfully, with Rahul, one of our new house build experts had the ability to help him find a builder that specialised in working on smaller sized narrow blocks of land and wasn’t going to charge him a fortune to do so.
However, with Sara, it was too late. Beginning again with another builder and losing the deposit she ‘d previously paid wasn’t a choice. So she wound up having to finance the extra $35,000 from her parents and chalk it up to one of lifes lessons.
Rahul and Sara are simply a few of the many first house purchasers that find themselves in a really stressful scenario due to the fact that they have actually decided (and parted with a lot of cash) without having all the information and assistance from experts, that they required.
And we really don’t wish that to happen to you!
That’s why we started the First Home Buyer Accelerator to direct first-time purchasers through the entire procedure so you don’t make any of the pricey 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 locate you the very best offer and it’s their role to make sure you move into your first house delighted and proud.
Think of having comfort that when you do locate your perfect first house, you understand you’re making the right decision.
In simply a fast 10 minute call, you’ll get to consult with one of our experts prior to you deciding you might later regret and you’ll also find out instantly if you receive assistance finding, buying and building your 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.