It’s a tough question and we won’t tiptoe around it —
buying or building your first home is kind of a big deal.
Maybe you’ve been a savvy little saver and feel like you’re ready but as soon as you’re about to commit, those pesky doubts start sneaking in. But perhaps that’s not such a bad thing. Building your first home is not something that should be rushed, so we’ve put together these helpful tips to help you make sure you’re 100% new home ready.
No ifs, no buts, just crystal-clear confidence.
Your finances are in orderBefore you can even think about building your first home you need to make sure you’ve saved up enough money. A 20% deposit is generally ideal to avoid paying lenders mortgage insurance (LMI) but not always necessary if you can secure help, such as that from a ‘Guarantor’ (you can read more about your options for getting into your first home faster below). Make sure you’ve also had a look into any government assistance you may be eligible for as well to help you along your way. If you’ve managed to save up your deposit but still have some debt lingering around, take a step back and put all your efforts into clearing that up first. Another top tip is to make sure you have a nice little emergency fund that’s separate from your deposit savings for life’s unexpected hiccups. You’ll thank us later! What's a Guarantor? Read more here
Your dreams have changed
You’re happy in your career
You’re done with renting
You know your stuff
So, how did you go?
Are you ready to buy or build your first home? Or do you need some more time to prepare? Either way, just by reading these tips you’re one step closer to moving day. But there’s also another way to get into your dream home sooner and for less than you think. Say hello to Lifestyle Select, our all-new range of beautiful and affordable homes. You’ll save time and money with curated selections and fixed cost options that help fast-track your build. Think of it as the faster, easier and more affordable way to start building your first home.