We know it’s an extremely thrilling time buying and building your first home, however, it does not constantly end up that way for many first time home purchasers.
Too many times we see individuals wasting hundreds of thousands of dollars on a new home & land package due to the fact that they thought they were getting themselves a good deal.
But remember, if it sounds too good to be real, it normally is!
See, some builders ‘conceal’ their additional costs and do not give you fixed upfront ‘quotes’. Suggesting that ‘quote’ they just gave you, will most certainly NOT be the final cost you need 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 houses you have actually taken a look at … there is most likely an excellent reason why.
The majority of the time it’s due to the fact that 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 costs’ so the contractor can make up their original price shortfall.
We hear a lot of horror stories from first home purchasers that get a little bit too excited and unfortunately didn’t do adequate due diligence before 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 builder wished to develop on (plus the worst part was, he thought he ‘d got himself a cheap price, but he ‘d actually paid more than what it was worth and really didn’t need to hand over a 10% deposit either).
Sara, unfortunately, contacted us after she ‘d already signed contracts with a big builder and paid her deposit, only to later on be hit with an extra $35,000 in ‘unanticipated’ costs (for items she thought were inclusive in the original quote) and had no idea how she ‘d pay for them.
Luckily, with Rahul, one of our new home build professionals were able to help him discover a builder that specialised in working on smaller narrow blocks of land and wasn’t going to charge him a fortune to do so.
But, with Sara, it was too late. Starting once again with another home builder and losing the deposit she had actually previously paid wasn’t an option. So she ended up having 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 just some of the many first home purchasers that discover themselves in a truly difficult circumstance due to the fact that they have actually made a decision (and parted with a lot of savings) without having all the information and help from professionals, that they required.
And we honestly do not wish that to happen to you!
That’s why we began the First Home Buyer Accelerator to direct first-time purchasers through the whole process 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 should have asked. It’s their job to locate you the very best offer and it’s their job to ensure you move into your first home happy and proud.
Imagine having assurance that when you do locate your best first home, you understand you’re making the ideal decision.
In just a fast 10 minute call, you’ll get to speak to one of our professionals before you deciding you may later on regret and you’ll also find out immediately if you qualify for 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.