Buying a new home is an exciting, rewarding and challenging experience, all at the same time. So much information to absorb, research to conduct and decisions to make. The old saying, ‘you don’t know what you don’t know’ has never been more relevant, especially for first home buyers. Here are some important hints you need to know about how to make the most of first home buyer grants and offers available.
First Home Buyers
If you’re busy saving for your new home deposit, maybe opting to live with family to achieve your goals quicker, you need to check out what grants you may be able to use. The First Home Owner Grant can provide a handy boost to get your new home finances across the line. If you are buying or building a home up to $750,000, you may be eligible for $20,000 in the Donnybrook area compared to $10,000 in metropolitan areas. There are some key eligibility criteria to find out about, to check if you qualify visit sro.vic.gov.au.
The best advice to listen to is a financial specialist who can help you find the right solution for your home buying needs and assist with the grant application process. Beware of relying on online calculators and pre-approvals, a one-on-one appointment will ensure you get the right advice tailored to your needs, so you can get on with your house and land shopping.
Building the Finer Details
Many builders understand that the needs of first home buyers can often differ significantly from buyers with more experience. This means they have special offers and tailored experiences to help these buyers along the journey. Offers such as all-inclusive upgrades including driveways, floor coverings and even items such as clothesline and letterboxes, can really make a difference to the first home buyer budget.