First home buyer? Here’s 5 things you need to know!
Are you a first home buyer?
Purchasing your first property can be intimidating and confusing with so many different factors to consider. Fret not, that’s why we’re here – to make your life easier! We’ve broken it down and compiled a list of 5 important things to consider before buying your first home.
1. First up, what are your goals?
The first question to ask is why you want to buy a home. Do you intend to live in it or use it as an investment property? This fundamental decision can significantly impact the specific home you choose to purchase and the type of loan you apply for. If you’re looking to live in the home you’re buying, factors such as location, amenities, and the suitability of the property for your lifestyle become essential.
On the other hand, if your intention is to buy an investment property, your focus shifts towards factors that contribute to its potential for generating income, including the rental demand and vacancy rates in the area, potential rental income etc., etc…
Whatever your goals, our specialist team of New Homes Consultants are available to help find your perfect solution.
2. Research, research, research!
Now that you’re set on your home goal, it’s time for the research (and the fun part)! Get online and head out to display villages to get a feel for what type of home you’d like, along with the location you might want to live in.
Don’t worry if you’re not too sure where to start, your New Homes Consultant will be there every step of the way and will work closely with you to find your perfect block of land, and the perfect home to build on top of it.
3. Future plans
Another crucial factor to think about is what your long-term plans look like, as they play a pivotal role in shaping decisions.
This will help determine what home you buy and where, by factoring in what the neighbourhood is like, the proximity and quality of schools, and if you’ll need more space than you currently have.
4. Other potential costs to consider
Depending on the specific property and location, there can be some additional costs involved which can impact your overall budget. Some of these costs include, but isn’t limited to, stamp duty, loan establishment fees, legal and conveyance services, utilities, property insurance, maintenance and lenders mortgage insurance.
At Homebuyers Centre, we have an in-house finance team, Resolve Finance, who can guide you through the entire home loan process and talk through the different home loan options available, making it as seamless and stress-free as possible.
Find out more here.
5. We’re here for you
With Homebuyers Centre, we make first homes happen. Ready with finance, land and homes in the one place to make the whole process as easy as possible, we are your one-stop-shop home specialist.
We’ve been building new homes since 1978 and are committed to making the journey an easy one. We understand how overwhelming the process can be, which is why we’re with you every step of the way.
Ready to start your new home journey?
Now is the time! Contact one of our friendly New Homes Consultants today.