Stockland’s tips for first-time home buyers on funding, finding or building a dream property.
Buying a house for the first time can be a daunting experience. With budgets, banks and brokers to consider before you can even think of setting foot in your new home, it can be difficult to know where to begin. At Stockland, we’ve helped countless first-time buyers to find the housing option which suits them best. We asked our teams from across Australia for their top home-buying tips, whether you’re looking to fund, find or even build the property of your dreams.
Financing the home-buying process
With home-buying, sometimes the hardest bit comes first. Working out what you can afford, not just today but months or years down the line, can be tricky. It’s important to remember that your outgoings might increase in the future – especially if you’re thinking about starting or adding to a family of your own. As a first step, sit down with your bank or a trusted mortgage broker to get a feel for what sort of funding is available.
“A vital part of the journey is getting pre-approval for a loan,” says Stockland Regional Sales Manager Rob Casotti. “That will guide you when you start looking for the right block of land or house and land package, because you will have a budget you can work with that’s locked in.”
Staying savvy as you negotiate the right deal to finance your plans can help you avoid headaches later on. A good broker can save you thousands of dollars, but don’t be afraid to ask them about the range of financial products they can supply and the commission they’ll earn for selling them to you. Your broker will be your guide through the loan application process – so it’s always wise to check that they’re properly accredited.
Find out more with Adam Douvile.