PEET 3 STEP BUYERS GUIDE
1. HOME FINANCE
Before you can borrow money for your first home, you need to work out your budget. Think carefully about what you can realistically afford based on factors such as your current income, financial obligations, current savings, living expenses, potential extra loan costs and any government incentives you may be eligible to claim.
Remember to leave room to breathe in the event of changing circumstances and fluctuating interest rates, noting that you usually need a minimum 5% per cent deposit.
2. BUYING LAND
Your land investment will return much more than your home over time, so it’s crucial to choose the best homesite. Location is very important – not just for its convenience but also for the atmosphere and facilities it contributes to your lifestyle.
Block shape can often limit ‘off the plan’ home designs, which can add cost and time to the building process. When it comes to time to build, you will enter a 6-phase process: contract of sale, exchange of contract, pay a deposit, organise a settlement agent, sign a transfer of land document and register the land title.
3. YOUR NEW HOME
Now that you know what you can afford and where you would like to live, it’s time to choose your new home design. First work out your ‘must-haves’, such as style of home, single or double storey, energy efficiency and number of bedrooms.
Be sure to visit display villages to see what home designs fit your requirements. Once you have a strong idea of what you want, select your builder, ensuring they are registered, experienced and have a track record of success.
GET YOUR COPY OF THE FULL GUIDE
To download your copy of the full Peet Buyers Guide, just complete your details in the form provided below.