We understand it’s an extremely exciting time purchasing and building your first house, nevertheless, it doesn’t always end up that way for lots of first time house purchasers.
A lot of times we see individuals losing hundreds of thousands of dollars on a new house & land bundle since they thought they were getting themselves a great deal.
However remember, if it sounds too good to be true, it usually is!
See, some builders ‘hide’ their additional charges and don’t offer you fixed upfront ‘costs’. Indicating that ‘quote’ they simply provided you, will most definitely NOT be the final amount you have to pay.
And that’s when you should be asking yourself, why?
If you’re being offered any house and land packages that are 10s of thousands of dollars less expensive than other similar homes you have actually taken a look at … there is probably a good reason why.
Most of the time it’s since you’re losing out on inclusions that must 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 scary stories from first house purchasers that get a little bit too fired up and unfortunately didn’t do enough due diligence prior to parting with their hard-earned money.
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 construct a house on (plus the worst part was, he thought he ‘d got himself a cheap rate, but he ‘d actually paid more than what it was worth and truly didn’t need to hand over a 10% deposit either).
Sara, unfortunately, approached us after she ‘d already signed contracts with a well known home builder and paid her deposit, only to later on be hit with an extra $35,000 in ‘unforeseen’ costs (for items she thought were inclusive in the original quote) and had no thought of how she ‘d pay for them.
Luckily, with Rahul, among our new house build specialists were able 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.
But, with Sara, it was too late. Beginning once again with another builder and losing the deposit she had actually already paid wasn’t an alternative. So she ended up needing to borrow the additional $35,000 from her mum and dad and chalk it up to one of those lifes lessons.
Rahul and Sara are simply a few of the numerous first house purchasers that find themselves in a really confronting scenario since they have actually made a decision (and parted with a lot of money) without having all the information and help from specialists, that they needed.
And we honestly don’t want that to happen to you!
That’s why we started the First Home Buyer Accelerator to direct first-time purchasers through the whole process so you don’t make any of the pricey and typical mistakes we see far too often.
It’s their job to ask all of those questions that Rahul and Sara should have asked. It’s their job to find you the best deal and it’s their job to ensure you move into your first house happy and excited.
Think of having comfort that when you do find your perfect first house, you know you’re making the best decision.
In simply a fast 10 minute call, you’ll get to talk to one of our specialists prior to you making a decision you may later on regret and you’ll also discover instantly if you get approved for assistance finding, purchasing 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.