First homebuyers looking to build this year are being reminded to get their finance in place before they start looking at blocks of land and display homes.
It’s just one of the invaluable tips that homebuilder Domain by Plunkett has included in its no-nonsense guide to getting a home loan. The guide is available free to anyone thinking of building.
“Thousands of young Western Australians will be preparing to jump onto the property ladder in 2017,” says Jeremy Muir, Sales Manager for the Plunkett Group. “But they might not know that their first step should be getting their home loan pre-approved.
“This is an important first step because only then can you know what you can spend on your first home. Having a clear idea of what you can afford means you can shop around with confidence and avoid unnecessary disappointment. It makes the whole experience a positive one from the start,” Mr Muir said.
Packed with information, tips and insights, the Domain by Plunkett Guide to Finance answers all your questions about getting a home loan.
From pre-approvals, budgets and mortgage brokers, to stamp duty, deposits and interest rates, the guide takes the mystery out of finding finance to build your first property. Its straightforward Q&A format means you can follow the process step by step, or jump straight to the individual answers you need.
“It’s understandable that first homebuyers have lots of questions,” Mr Muir said. “But experience has shown that arming yourself with good information at the beginning makes the whole journey a lot less nerve-wracking and a lot more enjoyable.”
With house and land packages likely to be an increasingly attractive option for first homebuyers in 2017, Domain by Plunkett’s user-friendly guide also looks at the benefits of buying both together.
“Not only do you know where you stand on the total cost, but there are a number of other benefits that can help streamline the building the process and get you into your new home quicker,” Mr Muir said.
Providing the sort of straight-talking, invaluable advice we’ve come to expect from one of WA’s most experienced homebuilders, the Domain by Plunkett guide complements an extensive range of affordable home designs starting from $137,530.
The Domain by Plunkett Guide to Finance is available at www.domainbyplunkett.com.au