Take these 5 essential tips to help you on your new home journey!
Though purchasing your first home is one of the most exciting times of your life, it may seem daunting at first. But it doesn’t have to be! The truth is that there are a plethora of options available to you and a wide range of services designed to help you get into the property market.
Here are 5 essential tips to help you get started.
1. Get an understanding of your financial situation
Having an understanding of your financial situation gives you a realistic view of your options. Purchasing a new home will usually require a deposit, meaning it pays to save, save, save! It will also pay to be realistic and consider starting smaller than what you envision as your dream home. Small lifestyle changes may be required like paying off outstanding debts and avoiding Afterpay will be viewed favourably by lenders. Lastly, think about downloading a spend-tracking app to keep you accountable - you’ll be surprised how much you can save with apps like Frollo and GoodBudget.
2. You could be eligible for grants, offers and promotions
Saving might seem like an uphill battle - but the good news is there are a number of grants, offers and promotions available to help you out. You could be available for the First Home Owner Grant as well as a number of other subsidies offered by the Government and home builders regularly offer promotions that help you save on initial building costs as well as standard and extra inclusions. You can also save at the land purchase stage like our current offer of a $15,000 Advantage* plus only a $10,000 Deposit*, as well as other offers such as our Refer a Friend offer, Buy Again promotion and our Community Heroes offer. To learn more about the savings on offer with Stockland, click here.
3. Consider the long-term
When you’re starting to think about where you want to purchase your first home, it pays to do your research. It pays to consider existing amenity in the area, access to transport options and price point. More importantly, it pays to consider the future of the area to maximise potential return. What infrastructure is planned in the near future? Are there planned parks, schools, town centres and other amenities in the pipeline?
4. Speak to the professionals
There is a wide range of industry professionals a phone call away that are ready and willing to help you get into your first home. Mortgage brokers are there to help assess your loan viability, explain costs and to help find you the best deal with finding a lender. Building and land sales professionals work hand in hand to help put together the best home and land packages and are also able to help you create a perfect package to suit your lifestyle. They’ll also be able to help you understand any additional costs related to a new build such as site and landscaping costs. Lastly, involving a conveyancer once you’ve settled on a way forward allows you to focus on the fun stuff while they take care of understanding and communicating the fine print. Most of these services are free and something you should take advantage of. Get started by getting in touch with our Land Professional today. Click here for their details.
5. Enjoy the experience!
Remember that this is one of the most exciting purchases of your life and something you should document and enjoy. The professionals listed above are there to help you and will celebrate getting you into your first home along with you. Remember to get a photo at each stage of the process so you can look back and share it with your loved ones.
Bonus Tip!
Be sure to use our free First Home Buyer Guide! This is a free guide to help keep you on track so be sure to bookmark it.
Understanding and employing the tips above should have you well-armed and well on your way to buying, building and enjoying starting your own property journey. To discuss the above points and to ask any questions you may have, please feel free to reach out to our team on 13 52 63, email Aswhin on ashwin.sethie@stockland.com.au or head to the Grand Central Sales & Information Centre located at 4 Medallion Blvd, Tarneit VIC 3029.