We understand it’s an extremely thrilling time purchasing and building your very first home, nevertheless, it does not always wind up that way for a good deal of first time home purchasers.
Too many times we see people wasting hundreds of thousands of dollars on a new home & land bundle because they thought they were getting themselves a good deal.
However remember, if it sounds too great to be true, it normally is!
See, some builders ‘hide’ their additional costs and do not give you fixed upfront ‘costs’. Indicating that ‘quote’ they just gave you, will most absolutely NOT be the final cost you need to pay.
And that’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 looked at … there is most likely a great reason why.
Most of the time it’s because you’re losing out on extras that need to really 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 builder can make up their original price gap.
We hear a great deal of scary stories from very first home purchasers that get a little bit too excited and sadly didn’t do sufficient due diligence before parting with their hard-earned cash.
Rahul was one of them. He came to us after using his entire $25,000 deposit to lock in a block of land that no home builder wished to construct a house on (plus the worst part was, he thought he ‘d got himself a cheap cost, but he ‘d in fact paid more than what it was valued at and really didn’t require to hand over a 10% deposit either).
Sara, sadly, approached us after she ‘d already signed agreements with a big home builder and paid her deposit, only to later be struck with an additional $35,000 in ‘unexpected’ costs (for extras she thought were included in the initial quote) and had no thought of how she ‘d cover the costs.
Thankfully, with Rahul, among our new home build experts were able to assist him find a home 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. Starting again with another home builder and losing the deposit she had actually already paid wasn’t a choice. So she ended up having to borrow the additional $35,000 from her parents and chalk it up to one of those lifes lessons.
Rahul and Sara are just a few of the many very first home purchasers that find themselves in a really stressful situation because they have actually made a decision (and parted with a great deal of cash) without having all the details and help from experts, that they required.
And we honestly do not wish that to occur to you!
That’s why we began the First Home Buyer Accelerator to guide first-time new home buyers through the entire procedure so you do not make any of the pricey and typical mistakes we see far frequently.
It’s their job to ask all of those concerns that Rahul and Sara ought to have asked. It’s their job to find you the very best deal and it’s their job to make certain you move into your very first home happy and ecstatic.
Imagine having comfort that when you do find your best very first home, you understand you’re making the ideal decision.
In just a quick 10 minute call, you’ll get to talk with one of our experts before you deciding you may later regret and you’ll also find out right away if you qualify for help finding, purchasing 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.