Your Step By Step Guide To Buying Your First Home

By Author: BusinessDealer
Total Articles: 5
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Step 1: Find out what you can borrow

It's important to establish what you can borrow upfront to save you time when looking into what you can afford.

To research your finance eligibility, you will need:

• Your current employment contract
• Your last four payslips
• Any car loan or personal loan agreements
• Your bank statements to prove genuine savings

Step 2: Establish a budget

By setting your budget, you will know what price range to look for when you start researching locations to build and the right home design for you.

Step 3: Choose a location

WA Housing Centre can create your new home in over 50 suburbs across Perth so they can help in selecting the home and land package that is right for you.

When choosing your location, it's important to take into consideration the existing and future infrastructure that will potentially affect the value of your home over time. Facilities such as schools, shops and public transport are attractive to have nearby, so it's good to know what's coming up in the area you're interested in.

Step ...
... 4: Choose your home design

Once you have established your budget, you can work with WA Housing Centre to select your ideal home design. You need to choose a design based on your budget and be realistic with your choice of home design, that's why the WA Housing Centre team can assist every step of the way.

Step 5: Create a home and land package

Once you have selected your home design and homesite choice, your WA home and land package can be sketched and priced.

Step 6: Pay deposit

All you need is $1,000 to secure your land and $1,500 deposit for your first home and you're almost there.

Step 7: Finalise your documentation

There are some documents that need to be finalised including land contracts and a Preliminary Contract Agreements with WA Housing Centre to start various works for your new home.

Step 8: Sit back and relax!!

And that's it first home buyer Perth. Your process should be complete so you can then sit back and relax and watch your home start to come together.