Five Simple Steps for Purchasing Homes in Perth for First Home Buyers


From the outside, the process of finding and buying your first home involves vast amounts of time, money and paperwork. If you break it down into seven simple stages, however, it is not as daunting as it initially seems. Here are seven simple steps you can follow:

1. Work out your budget

Unless you have significant savings, chances are you are going to have to take out a mortgage to pay for your first home. In the current mortgage market, you will require a deposit of at least 5% of a property’s value to secure a mortgage from a lender. This means that if you want to buy a $250,000 property, you will need to put down a deposit of at least $12,500.
http://bit.ly/1SBslGs

Advertisements

Essential Factors First Home Buyers in Perth Need to Look Out For


There are a few key variables to keep in mind when investing in a home in Perth for the first time. Understanding these factors is critical to making the best choices.

Choosing where to build a home can be a tough task. While certain locations are highly desirable, there are still a few steps to highlight as well as some benefits that are offered by the government. Take a look at both of these areas.

Grants for First-Time Buyers

Those who are contemplating the purchase or construction of a home for the first time can take advantage of a programme called the First Home Owner’s Grant or FHOG. This grant is able to provide an individual with a total of up to $10,000 dollars towards any new home purchase. Be sure to visit the FHOG’s official website to learn about the qualifications and conditions of the first home buyers grant.
http://bit.ly/1SBrTbw

Four Misconceptions about House and Land Packages in Perth Debunked


Aussies in the market for a new home often find that buying an established property sounds like a more convenient and cost-savvy option versus building a new one. However, many home buyers today are surprised at how easy it is to build a brand new home that suited their budget through house and land packages in Perth. This home building option has been increasingly gaining popularity in the past decade. Despite this trend, though, preconceived notions are still hindering some homebuyers from recognising the advantages.

It’s time to debunk the four most common misapprehensions about house and land packages:

1. Prohibitive costs. If you think long-term, purchasing land and house packages is a more financially efficient option. For one, you can spare your pocket from maintenance expenses in the near future. Reliable builders also provide comprehensive warranty as well for your peace of mind.
http://bit.ly/1SBoR74

Home and Land Packages in Perth: What to Look for in the Ideal Builder


The Economist’s liveability index counts Perth among the world’s top 10 best cities to live in, along with three other Australian cities. The city proper and the nearby suburbs draw quite a number of prospective home buyers. Those who are looking to own their own homes for the first time would do well to consider home and land packages.

The Advantages

A prospective home buyer typically has to get the assistance of an agent to find a block of land then find a builder to construct the house. In other words, the buyer has to deal with two separate entities. This can make the whole process of home purchase so much more complex and time-consuming than necessary. With packages, the buyer only has to work with a single contractor when it comes to finding a good location and building the home, as explained by the Commonwealth Bank of Australia.
http://bit.ly/1SBoysR

Purchase a House and Land Package in Perth through a Guarantor Loan


When buying a home in Perth, you will typically need to put down a minimum 5 per cent deposit to get approved for a loan. This requirement can prove challenging if you’re still paying rent. Fortunately, Perth home builders like WOW! Homes say your family can help you buy your new home by acting as a guarantor. Here’s what you need to know:

What is a guarantor?

Many lenders and banks will be more willing to help if you have a guarantor to back you up. A guarantor is anyone who can offer the assurance of loan repayment (but only a portion of the loan) if the borrower fails to fulfil his commitment. This lowers the risk for the lender, who may even decide to lend you as much as 100% of the property’s purchase and construction price.
http://bit.ly/1UA8rRh

Factors that Make Perth a Good Location Prospect for First Home Buyers


Like many first home buyers in Australia, you can look forward to a good chance of getting better value for your money by going west. Such was the topic of a news article published on The Australian Financial Review. A review of property prices reveals that you can find units and apartments in Perth for about $500,000, or sometimes lower, that are within 10 kilometres of the central business district (CBD). In comparison, a comparable property in Sydney will be two times farther from the CBD.
Market Conditions
Today, Perth’s housing market is becoming more flexible for buyers. By taking a look at the following factors alongside housing market conditions in other major Australian cities, one can easily see the perks of living in Perth.
http://bit.ly/1Qn8utS

House and Land Packages in Perth: Finding the Best Place to Settle In


Building a new home for you and your family involves a lot of decision making. Aside from getting your finances in order, perhaps the biggest decision you will ever make is choosing the right place to settle in. This decision will have a tremendous impact on your lives, after all, so be sure to pick a house and land package that meets all of your lifestyle requirements. Here are some tips for finding the best location for your new home.
http://www.wowhomes.com.au/house-and-land-packages-in-perth-finding-the-best-place-to-settle-in/