For first home buyers, navigating the complexities of the real estate market can be daunting, but it doesn’t have to be!
Three Tips to Help First Home Buyers Get on the Property Ladder
Here are our three essential tips to help prospective homebuyers secure their place on the property ladder.
1. Get the advice of experts
Entering the realm of homeownership can feel like stepping into a maze without a map. However, there are guides ready to help you navigate. Reach out to mortgage brokers, tour display homes, and tap into the wisdom of friends and colleagues who have walked this path before.
Don’t underestimate the value of expert advice – it could be the key to unlocking your homeownership dreams! Mortgage brokers can provide insights into loan options, repayment estimates, and available grants tailored to your circumstances. Seeking pre-approval will also arm you with the knowledge of your purchasing power, making your house hunting journey more focused and efficient.
The Harlow Sales Team is also available to answer any of your questions about purchasing land in our Tarneit community. Simply drop by the Sales Centre for a chat from Saturday – Wednesday!
2. Take advantage of financial support
Governments across states offer incentives to support first-home buyers, ranging from grants to stamp duty concessions. These incentives are designed to make homeownership more accessible, particularly for those building new homes.
For instance, in Victoria, the First Home Owner’s Grant and stamp duty exemptions are available for new builds, subject to eligibility criteria. Additionally, some programs like the Victorian Homebuyer Fund allow for smaller deposits of as little as 5%, easing the challenge of saving for a deposit.
Exploring these financial supports can significantly help with the first hurdle associated with purchasing your first home.
3. Explore your housing options
Diversifying your housing search beyond traditional avenues can uncover hidden gems within your budget. Consider options like turnkey townhome packages, which may offer more affordability compared to established properties.
At Harlow, our collection of Bianco Townhomes by Nostra offers family-sized living in one great value, turnkey package! These 4-bedroom townhomes are titled and ready to build, and currently available with a $30,000* rebate. Best of all, with a turnkey package, you don’t have to worry about a thing. Everything from your kitchen appliances to the landscaping and even your letterbox is all included!
You can also explore the option of a House & Land package. This allows you to choose a home design and customise it with your chosen builder so that it aligns with your budget and lifestyle requirements.
To explore available House & Land packages at Harlow click here, or check out our collection of turnkey townhomes.