We understand it’s a really thrilling time buying and building your first home, however, it doesn’t always end up that like that for many first home purchasers.
A lot of times we see individuals squandering hundreds of thousands of dollars on a new home & land package due to the fact that they believed they were getting themselves a good deal.
However keep in mind, if it sounds too good to be true, it usually is!
See, some Companies ‘conceal’ their extra costs and don’t give you fixed upfront ‘costs’. Indicating that ‘quote’ they just provided you, will most definitely NOT be the total amount 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 similar houses you have actually taken a look at … there is most likely a good reason why.
The majority of the time it’s due to the fact that you’re missing out on inclusions that must really come as standard (and they’ll be making you pay for them later on), or you’re going to be paying extra for ‘site costs’ so the builder can catch up their original price shortfall.
We hear a lot of horror stories from first home purchasers that get a little bit too excited and regrettably didn’t do adequate research prior to parting with their hard-earned cash.
Rahul was among them. He approached us after using his whole $25,000 deposit to secure a block of land that no home builder wished to build 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 really didn’t need to hand over a 10% deposit either).
Sara, regrettably, contacted us after she ‘d just signed agreements with a well known home 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 original quote) and had no idea how she ‘d cover the costs.
Luckily, with Rahul, one of our new home specialists had the ability to assist him discover a home builder that specialised in working 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 once again with another Company and losing the deposit she ‘d previously paid wasn’t a choice. So she wound up needing to borrow the extra $35,000 from her parents and chalk it up to one of lifes lessons.
Rahul and Sara are just a few of the numerous first home purchasers that discover themselves in a truly difficult circumstance due to the fact that they have actually decided (and parted with a lot of cash) without having all the details and help from specialists, that they needed.
And we really don’t want that to occur to you!
That’s why we began the First Home Buyer Accelerator to direct first-time purchasers through the whole process so you don’t make any of the pricey and common 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 best offer and it’s their job to make certain you move into your first home pleased and excited.
Imagine having peace of mind that when you do find your perfect first home, you understand you’re making the best choice.
In just a fast 10 minute call, you’ll get to speak to one of our specialists prior to you deciding you might later on regret and you’ll also learn instantly if you receive help 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.