1) Find out if you qualify for finance
It can seem as though home ownership is far out the spectrum of possibility for you given your current state of finances. But never fear, there are always options that you can look at on your current salary, or by incorporating a savings plan.
2) Check if you qualify for the First Home Owners’ Grant
If you’ve never purchased a property in Western Australia, chances are you qualify for the First Home Owners’ Grant. There are a number of criteria you must satisfy to be eligible for the grant.
3) Are you eligible for any other assistance from the government?
There are a number of key schemes developed by the government to provide assistance to the regular joe. These includes things such as the Keystart Home Loans, and other government loans.
4) Choose a suburb that fits your requirements
There are plenty of choices when it comes to a suburb for your new home. The first thing to consider would be whether you are north or south of the river, then whether you want to be near good schools, or great public transportation links.
5) Choose a home design that fits your lifestyle
Again, there are so many different home designs that are centered around different factors. Are you planning on starting a family (or expanding one)? Do you want a large backyard? Do you love entertaining? All of these considerations need to be front-of-mind.
6) Start a folder to ensure all of your paperwork is kept together
When you’re going through the building process, you are going to be receiving all sorts of documents that you will need to keep on file. Make sure that you begin from day dot in keeping all of your documents organized. This is going to save you anguish down the track when you need to read over a document you were given three years prior.
7) Arrange the connection of utilities
Towards the end of the building process, before you are set to move into your new home, you need to arrange for the connection of your electricity, gas, water, telephone and internet. This is vital to organize before you plan to move in so that you move in with everything connected.
8) Organise your insurance
When looking at moving into your new home, you must consider home and contents insurance. There are a number of third-party websites that check and compare all of the appropriate policies. Make sure you organize this as soon as possible to make sure you are covered for any eventuality.
9) Change over your mailing address
Ensure that you change your address on all important documentation to ensure that you receive important bills etc.
10) Check your furniture will fit
One sticking point for people moving into their new build is finding that the refrigerator they’ve purchased does not fit through the doorway. Your builder should be able to provide you plans, or if you are in the later stages of your build, ensure you measure all rooms and doorways to ensure your furniture will fit through with ease.
For more on any stage of the building process, feel free to get in contact with the team at WOW Homes. One of or consultants can help you through any stage of the process.