In Part One of our ‘quick guide’ for first home buyers we delved into the world of finance and the First Home Owners Grant.  Let’s get stuck into Part Two and share some more tips for West Australians embarking on building their first home.

Location

As you will have heard, it’s all about location, location, location!  Select the best possible area for your needs and lifestyle. Find out where the best locations are which also suit your budget.  Then select a builder that is experienced in home and land packages in the first homebuyers market, and which has a good reputation for quality and service.

No stamp duty

First home buyers are effectively given an additional financial boost when it comes to stamp duty, as it doesn’t apply to blocks purchased up to $300,000.  A partial rebate is available for vacant land valued between $300,001 and $400,000. What’s more, there is no stamp duty paid on a new home – a great perk for West Australians as this incentive is only available in our state.

Building vs buying second hand

There are so many benefits to building, not least that you can choose the design of your home – and that includes the facade, the tiles, the paint, the colours, the floor coverings, even the landscaping.  Not only is everything brand new, it also comes with structural guarantees, maintenance periods and warranties on appliances.

Find a reputable, well established builder

It’s very important to find out when your builder was established and how many homes have they built since then.  Ultimately, an established builder has extensive buying power, resources and the know-how to provide customers with great quality, service and value for money.

House and land packages are affordable

If you’ve done your research, you’ll know that house and land packages have never been so affordable. Builders have excellent offers available at the moment and land developers have a great amount of stock, which translates into good prices. All good news for first home buyers.

Don’t get stressed

Building your first home doesn’t need to be stressful. Find a building company that is experienced in home and land packages in the first homebuyers market that has a good reputation for quality and service. Make sure you understand the building process and then sit back and let the builder do all the hard work for you. It will be worth it!

Did you find this ‘quick guide’ for first home buyers helpful?  We’d be happy to expand on any of the tips listed in Part One or Part Two.  What other questions do you have about building your first home?