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Buying your first home?
Buying a new build property as your first home has many advantages over existing dwellings. Learn all the benefits and get tips to help you decide on your first property by downloading our comprehensive guide for first home buyers.
Whether you’re over paying rent, itching to get on the property ladder or simply looking for a home to call your own, buying your very first home is an exciting (and sometimes daunting) prospect.
And with brand new homes being an increasingly appealing option for first home buyers, there are a whole new set of factors to consider.
Our new eBook Building your first home: A first home buyers guide to building or buying a new home will help you leave all the stress at the front door so you can enjoy the process. Here’s what you’ll learn:
Brand new financial benefits
Aside from the aroma of fresh paint, plush newly laid carpet, and the fact that no one has ever lived there before, there are plenty of financial and lifestyle advantages to choosing a brand-new home, particularly for first home buyers. These include things like access to the First Home Owner Grant, savings on stamp duty and the potential for lower deposit requirements – not to mention that your brand-new home comes with structural guarantees and product warranties that will give you peace of mind (and save on maintenance costs) for years to come. Now that’s something you can’t bank on with a preloved home!
Spoilt for choice
With existing dwellings, your options are limited – you might be looking in specific areas, and then within those, you’re limited to a handful of houses on the market that might not meet you and your family’s needs. When it comes to new builds, you can either seek out Residential Land Communities in a neighbourhood you love or choose an Urban Renewal Community – a purpose-built new community of quality homes and amenities. And once you’ve decided which type of development suits you, you’ll also need to consider which kind of home works for your circumstances. These range from affordable and low maintenance apartments to townhouses with more privacy and in/outdoor space, house and land packages, turnkey spec homes or a completely bespoke new build. In our eBook, we explain all these options and how to evaluate what’s the right choice for you as a first home buyer.
The advantages of buying a home off the plan
Buying off the plan is an attractive option for first home buyers. Firstly, you’re locking in a price and paying only the deposit before the build gets underway. This means you’ll be able to continue saving right up until final settlement. Secondly, your home may end up being worth considerably more when handover time rolls around.
Understanding the new build process
There are a few more steps in the buying process for a new build versus an existing home, so it pays to be familiar with these before signing on the dotted line. These can vary by builder, property type and also by state. Download the Building your first home: A first home buyers guide to building or buying a new home and familiarise yourself with the steps involved in some typical new build scenarios.
How to get started
As with any first home purchase, it’s crucial to do your homework. That means getting your ducks in a row well before you’re ready to hit go. In our eBook we give you tips on how to:
- Understand your budget and organise your deposit.
- Find the right location – assess your lifestyle needs now and into the future and choose a location that aligns with this (and your budget).
- Choose an experienced builder with a reputation for delivering quality throughout the process.
- Get across your paperwork requirements – from home insurance on settlement through to legal documentation.
Get ready to embrace the new
Purchasing your first home is a big deal, and so is building a brand-new home. But with the enormous benefits on offer for first home buyers – from financial through to lifestyle factors – the advantages really do stack up. Once you’re educated on the process, equipped with the right information, and aligned with the right building partner, you won’t look back.
For more tips, real-life insights, and new build considerations, download our free eBook - Building your first home: A first home buyers guide to building or buying a new home.
