Buying Your First Home
8 steps to owning your own home
We understand how important it is to own your own home. That’s why we build homes that are top-quality, yet affordable, so first home buyers have as much opportunity as anyone else to enter the property market. While it’s exciting to embark on the process of buying your own home, it pays to be fully informed.
Here are some helpful tips to help you start your buying journey with confidence.
- What’s your budget?
Set your top price, including your 10% deposit. It can pay to speak with your bank, a financial advisor, or mortgage broker to help you work out how much you can borrow and obtain pre-approval before you start house-hunting.
- Set your criteria
Think through what you want in your new home before you start viewing properties. How many bedrooms or bathrooms do you need, allowing for possible future growth if you’re a young family. Do you want a garden or a courtyard? If you make your list before you start viewing you’re less likely to be swayed by emotions.
- View potential homes
Put together your list of possible homes to view, then get in early to give yourself the best possible advantage.
- Reserve your home
Once you’ve found a home you’d like to buy, it can pay to take it off the market for 10 days. All you need do is pay a non-refundable reservation administration fee – usually $500. The property sales team can confirm this for you.
- Finalise your contract
Send the contract to your solicitor to review, then sign the agreement with them. Once this is done, you have 10 days to pay the balance of your 10% deposit.
- Construction gets underway
Enjoy the journey as your new home build progresses. We will be in touch regularly to keep you updated.
- Pre-settlement inspection
When your new home build is complete you’ll then conduct a pre-settlement inspect to make sure you’re happy with the end result. We’re sure you’ll love it! Assuming so, can you then let your solicitors know to go ahead with settlement.
Once settlement is arranged, the balance of the purchase price is transferred. All you need do is collect your keys and move into your brand new Guardian home!