Have you finally decided to stop renting and start owning your family home? Fortunately, there are several land and house packages being offered in Perth that you can select from. However, you must make sure that you’re ready for the investment. Here are the top considerations before buying your first family home:
Determine how much you can afford, and build your savings.
Decide how much you’re willing to spend on the home, plus all other fees and maintenance costs, including insurance. Explore different suburbs to see where you want and can afford to live. Save 20% or more of your ideal home price as a deposit. Shop for a home loan based on your lifestyle, particularly on the amount and frequency of your income.
Pick a layout that suits your family.
Make sure you have enough bedrooms and bathrooms, and check if the shared spaces (the lounge, kitchen and dining area, the courtyard, etc.) can fit all of you or the items you want to place there. For instance, if you have more than one car, look for a home with a garage that’s spacious enough for your vehicles.
Choose an established contractor.
Lastly, you need to look for an experienced contractor, preferably one that specialises in first home buyer clients. These companies are familiar with your concerns (or advise you on aspects you might not be aware of), and they can closely guide you through the process of home ownership.