We know it’s a really exciting time purchasing and building your first home, nevertheless, it does not always end up that way for a good deal of first time home buyers.
A lot of times we see individuals losing hundreds of thousands of their hard earned money on a new home & land bundle since they thought they were getting themselves a good deal.
But keep in mind, if it sounds too good to be real, it usually is!
See, some builders ‘conceal’ their additional fees and do not offer you fixed upfront ‘costs’. Indicating that ‘quote’ they just gave you, will most certainly 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 home and land packages that are tens of thousands of dollars cheaper than other similar homes you have actually taken a look at … there is most likely a great reason why.
Most of the time it’s since you’re losing out on extras that need to really come as standard (and they’ll be making you pay for them later on), or you’re going to be paying additional for ‘site expenses’ so the builder can make up their original price gap.
We hear a lot of scary stories from first home buyers that get a little bit too fired up and unfortunately didn’t do enough due diligence prior to parting with their hard-earned cash.
Rahul was among them. He approached us after using his entire $25,000 deposit to secure a block of land that no builder wanted to construct a house on (plus the worst part was, he thought he ‘d got himself an inexpensive rate, but he ‘d actually paid more than what it was worth and actually didn’t require to turn over a 10% deposit either).
Sara, unfortunately, contacted us after she ‘d already signed contracts with a big builder and paid her deposit, just to later on be hit with an additional $35,000 in ‘unforeseen’ expenses (for items she thought were inclusive in the initial quote) and had no thought of how she ‘d pay for them.
Fortunately, with Rahul, one of our new home experts were able to assist 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 far too late. Beginning again with another home builder and losing the deposit she had actually already paid wasn’t an option. So she wound up needing to borrow the additional $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 buyers that find themselves in a really stressful scenario since they have actually decided (and parted with a lot of cash) without having all the information and assistance from experts, that they needed.
And we really do not wish that to occur to you!
That’s why we started the First Home Buyer Accelerator to guide first-time new home buyers through the entire process so you do not make any of the pricey and typical mistakes we see far too often.
It’s their role to ask all of those questions that Rahul and Sara should have asked. It’s their role to find you the best deal and it’s their role to make sure you move into your first home pleased and excited.
Imagine having assurance that when you do find your best first home, you know you’re making the ideal choice.
In just a quick 10 minute call, you’ll get to speak to one of our experts prior to you making a decision you may later on regret and you’ll also discover immediately if you qualify for assistance finding, purchasing 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.