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How to build your first home on a budget

11 February 2021 - 8 min read
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First Home Buyers..

It's your time!

So you’re determined to take that first step onto the property ladder and build your very first home. How exciting! But we know there’s one little worry on your mind… money.

It seems you’ve been saving up forever and you don’t want to see any of it go to waste. But the good news is that there’s a more affordable (and much simpler) way to build your first home with helpful tips right here.

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1. What’s your number?

How much can you afford to borrow? Even though it can be tempting to stretch it and try to borrow as much money as you can, you should work out a realistic budget for your future home that you can easily stick to.

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2. Choose a house and land package

Why? Because these packages offer you one fixed cost so you know exactly what you’re paying for. Look for packages with clear, open and upfront pricing just like our new Lifestyle Select homes.

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3. Find opportunities to save even more

There are some great benefits to building your first home over buying an already established one, including all the money you’ll save when you take advantage of the Government grants available. You might be eligible for:
Federal Government’s HomeBuilders Grant;
State Government FHB Grant; and
State Government Stamp Duty Savings

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4. Build only what you need

When choosing a floorplan, it’s easy to get swept up in the idea of adding extra bedrooms, luxurious living areas and an ensuite in every room. But it’s important to stay focused on what actually suits your lifestyle and of course, your budget. Figure out what’s important to you and make sure it’s included in your floorplan. And then down the track, you can always upgrade.

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5. Fast-track your build

Did you know that when you choose a Lifestyle Select home, you can save time and money as we fast-track your home build? This simplified, stress-free and completely digital process gets you moving in sooner and keeps you in the loop at every speedy step of the way.

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6. Leave the design up to the experts

These days, everyone’s an interior designer. But when it comes to decorating the ins and outs of your future first home, a true expert can work wonders while keeping you within budget. With a Lifestyle Select home, our leading interior designers take care of the design customisations where you’ll choose between four beautifully curated colour schemes already included in the fixed cost of the home. That means no hidden surprises when it’s time to pay.

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7. Choose upgrades that add value

If your budget allows for it, there are a few little luxuries you can include that will end up increasing the value of your home. Whether it’s upgrading your flooring, your kitchen or even your bathroom, these extra finishes will make all the difference.

Lifestyle Select is here to help you bring your dream first home to life without busting your budget. Learn more about the exciting new Lifestyle range and our Lifestyle Select option.