We know it’s a very amazing time buying and building your first home, nevertheless, it does not constantly end up that like that for lots of first time home purchasers.
A lot of times we see people losing hundreds of thousands of dollars on a brand-new house & land bundle due to the fact that they believed they were getting themselves a great deal.
But keep in mind, if it sounds too great to be true, it usually is!
See, some Companies ‘conceal’ their extra costs and don’t offer you fixed upfront ‘costs’. Meaning that ‘quote’ they just offered you, will most certainly NOT be the final 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 10s of thousands of dollars cheaper than other similar homes you have actually looked at … there is most likely a good reason why.
Most of the time it’s due to the fact that you’re losing out on extras that must really 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 gap.
We hear a great deal of horror stories from first home purchasers that get a little bit too excited and unfortunately didn’t do sufficient research before parting with their hard-earned cash.
Rahul was one of them. He approached us after using 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 believed he ‘d got himself a low-cost rate, but he ‘d in fact paid more than what it was valued at and really didn’t require to turn over a 10% deposit either).
Sara, unfortunately, came to us after she ‘d already signed contracts with a big builder and paid her deposit, just to later be hit with an extra $35,000 in ‘unforeseen’ costs (for extras she believed were inclusive in the initial quote) and had no thought of how she ‘d pay for them.
Thankfully, with Rahul, one of our brand-new home land experts had the ability to help him discover 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 had actually previously paid wasn’t an alternative. So she ended up needing to borrow the extra $35,000 from her parents and chalk it up to one of those lifes lessons.
Rahul and Sara are just some of the many first home purchasers that discover themselves in a really confronting situation due to the fact that they have actually decided (and parted with a great deal of cash) without having all the information and assistance from experts, that they required.
And we really don’t wish that to occur to you!
That’s why we began the First Home Buyer Accelerator to direct first-time new home buyers through the entire procedure 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 should have asked. It’s their job to locate you the very best deal and it’s their job to make sure you move into your first home pleased and thrilled.
Think of having comfort that when you do locate your best first home, you know you’re making the best choice.
In just a fast 10 minute call, you’ll get to speak to one of our experts before you making a decision you might later regret and you’ll also find out right away if you get approved for assistance finding, buying and building your brand-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.