Are you building your first home in Perth? It’s an exciting process that involves many moving parts, including finance, selecting the right house and land and actually moving in! Choosing the right builder can turn a potentially stressful situation into a breeze. Here are the top 5 most important things to consider when you are building your first home. Our team of building and finance experts have compiled this list to make your first home building process pain-free!
- Work out a budget
The biggest hurdle for people who are considering purchasing their first home is the budget. Many people believe that owning a home is out of their price range. What we’re here to tell you is that that is just not true!
First home buyers in Perth have access to the First Home Owners Grant, which allows first home buyers to access additional funds to put towards their new-build. Additionally, low income earners have a number of options to get into a home of their own, including KeyStart.
As a rule of thumb, you will require a 20% deposit of your full purchase price, however, there are a number of options available if you are unable to save this deposit. It sounds a little complex, but that’s why we have a specialized in-house team that has more than 15 years of experience helping first homebuilders get finance. - Choose the right builder
This is an important decision; probably the most important in your whole building process. Make sure that when you choose your builder you consider that you will be in constant communication with these people for some time. At First Homebuilders, we consider communication as key!
Have a look at the credentials of the business, the personality, the price and also the style of the builder. You need to find someone that fits your criteria and understands what you need in your first home. - Consider location carefully
Many people are more concerned with how a home is going to look, rather than where it is located. Location is a huge consideration to take in to account. You want to ensure that there are all of the amenities available in the area that you are going to need. If you’re considering children, are there good schools in the area? Love to dine out? You might need to consider your proximity to foodie hubs. There are hundreds of suburbs in Perth open for first homebuilders and you will need to choose the right one for your particular needs. - Getting ready to move
You must also consider if you’re ready to move in the time that your home is going to be built. When is your lease up? Do you have friends and family who can help you move? Do you need to buy new furniture? These are all things you need to think about when you are at the final stages of making a decision on a house. After all, you don’t want to be paying to break lease when you are about to move into your new home! That money could be much better spent on some fancy new furniture. - What will you need in five years’ time
When working on the design of your home, it is important to consider where you will be in life in five years’ time. Many people will design their home for their current needs, but life can change dramatically in five years and you are likely to be in that same house in five years. Ensure that you think about where you are going (and more importantly, how your tastes are going to change) in five years.
The team at First Homebuilders can assist with all of these questions and more. We can make your first home building experience a smooth and seamless experience.
