01 Apr 2019
Whether you're looking to break the rental cycle or take the plunge and move out of the family home and get into a place of your own in the Donnybrook area, knowing where to start can be daunting. Buying a home is one of life's biggest milestones, so it makes sense to put a plan into action to get the journey started and on the right track. These top 5 first home buyer hints are a smart place to start.
Everyone always has advice for the hopeful first home buyer! Methods for saving, bargains to buy, neighbourhoods to visit, it's information overload. To start the planning journey make an appointment to speak to a lending specialist to go over your individual situation such as owned assets, current liabilities (other loans), income and expenses, to review your home buying opportunities.
It's a part of any home ownership journey, whether you're buying your second or third home, or taking the plunge on your first - setting a budget and sticking to it, will have you on your way sooner. Lenders are looking for a six month history of good saving and spending habits, so be mindful of this when you're about to splurge on that expensive holiday or treating yourself to take away more often than a home cooked meal.
The First Home Owner Grant can provide a handy boost to get your new home finances across the line. If you are buying or building a home up to $750,000, you may be eligible for $10,000 in to put toward a house for sale in Donnybrook. There are some key eligibility criteria to find out about, to check if you qualify visit sro.vic.gov.au.
The best way to keep your focus on your home ownership goal is to get out and explore the options! A visit to the Kinbrook Land Sales office will help to keep you motivated. Your land sales agent can show you around the community to check out the land for sale in Donnybrook and provide house and land options to suit all budgets.
Once you've made the decision to buy or build your first home, a timeline will keep you on track and ensure your home ownership dreams become a reality. It's important to plan out the milestones along the journey such as achieving finance, getting your budget in check, collecting paperwork for the banks, understanding land title dates and discussing house contracts with builders.
The Kinbrook Land Sales Team provide no obligation information for all new home buyers, for houses and land for sales in the Donnybrook area, and can provide helpful guidance for first timers across all aspects of the building journey. Visit the team at the corner of English St and Donnybrook Road in Donnybrook, or call them on 0408 917 098 for all the Kinbrook first home buyer news.
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