We know it’s a really thrilling time purchasing and building your first house, nevertheless, it does not always end up that way for lots of first house buyers.
A lot of times we see individuals squandering hundreds of thousands of their hard earned money on a new house & land package 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 real, it normally is!
See, some home builders ‘hide’ their extra fees and do not provide you fixed upfront ‘costs’. Indicating that ‘quote’ they just gave you, will most absolutely NOT be the final amount you need to pay.
And that’s when you should be asking yourself, why?
If you’re being sold any house and land packages that are 10s of thousands of dollars less expensive than other comparable houses you have actually taken a look at … there is probably a good reason why.
The majority of the time it’s due to the fact that you’re losing out on inclusions that need to actually 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 contractor can catch up their original price shortfall.
We hear a lot of scary stories from first house buyers that get a bit too excited and sadly didn’t do enough due diligence before parting with their hard-earned money.
Rahul was one of them. He approached us after spending his whole $25,000 deposit to lock in a block of land that no home builder wanted to develop on (plus the worst part was, he believed he ‘d got himself a cheap price, however he ‘d really paid more than what it was worth and actually didn’t require to hand over a 10% deposit either).
Sara, sadly, contacted us after she ‘d just signed contracts with a big home builder and paid her deposit, just to later be hit with an extra $35,000 in ‘unexpected’ costs (for extras she believed were included in the initial quote) and had no thought of how she ‘d pay for them.
Luckily, with Rahul, among our new house build professionals 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.
However, with Sara, it was far too late. Beginning again with another home builder and losing the deposit she ‘d already paid wasn’t an alternative. So she ended up needing to borrow the extra $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 numerous first house buyers that find themselves in a really confronting circumstance due to the fact that they have actually made a decision (and parted with a lot of money) without having all the information and support from professionals, that they needed.
And we truly do not wish that to occur to you!
That’s why we began the First Home Buyer Accelerator to assist first-time purchasers through the whole procedure so you do not make any of the costly and typical mistakes we see far frequently.
It’s their job to ask all of those questions that Rahul and Sara should have asked. It’s their job to locate you the best offer and it’s their job to make sure you move into your first house delighted and excited.
Picture having comfort that when you do locate your ideal first house, you know you’re making the right choice.
In just a quick 10 minute call, you’ll get to speak to one of our professionals before you deciding you might later regret and you’ll also find out immediately if you qualify for help 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.