As the weather warms up throughout our Sunshine State, many people are out looking at buying property. Spring and summer are when houses tend to look their best and many renters are out travelling around, comparing the prices of house and land packages.
That includes first home buyers looking at getting off the rental roundabout and into their own homes as soon as possible.
However, it can be a daunting process for first home buyers. Not being prepared can lead to added expenses and you may have to wait longer before you can move into your dream home.
So, to help you out, here are a few key areas you should be aware of that will make shopping around for house and land packages that much easier.
Understand the process. You should understand every part of the first home buyer process. From the low deposit home loan to insurance, conveyancing, inspections, contracts, and the follow-through. It’s important to do the research on each step.
Understand the terms. As well as the process, it’s important to understand the terminology used. Here are some examples:
From price — This means base price. You will need to add in all the inclusions you want, which are normally at full retail.
Fixed price — This means the package the builder is selling is fixed price. However, the contract will have fine print where it doesn’t cover “Infrastructure costs”, which are also fixed to the stated inclusions.
Full turnkey — What this means to the customer may be a completely different term for the builder. Are you able to move in at this point or not? This is a very broad term that many builders interpret differently.
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Talk to a reputable specialist. If you are a first home buyer looking for a low deposit home loan, going through a company such as No1 Property Guide will help ease the way. We take you through the steps needed to apply for a home loan and help provide competitive loan options. Our guarantee is that there are no hidden costs. Your new home will be 100 per cent full turnkey and ready to live in. All you have to do is move in.
At No1 Property Guide and Build and Built, we help guide you through every part of the first home buyer process. We can help you find out what First Home Owners Grants you are eligible for. And we can even help you handle the paperwork for your first home buyer low deposit home loan.
Our New Home Consultants will work with you throughout the journey to ensure you get the perfect full turnkey house and land package in your dream location.
If you’re a first home buyer and looking for a low deposit home loan, fill in our pre-qualification form. Our experienced team will be in touch to discuss your factual new home options.
You can also read reviews for No1 Property Guide here: https://www.facebook.com/pg/no1propertyguide/reviews/