The role of a first home buyer can feel intimidating, unnerving and filled with much uncertainty. This may be especially true when the first home buyer is planning to build their dream home. Building a new home still remains a great and exciting way to go. Knowing that your home has been built to your individuality and specifications is a feeling second to no others. Choosing the right builder to guide you through this journey can be the difference between the process seeming like a nightmare and reaching that goal of stepping into your first home. Taking the time to consider your options and making sure you connect with your builder is your first step toward a stress-free build.
Get Good Advice
Generally, a good first step would be to get some advice from family friends or even through reviews on builders online. Be rational in your approach to this advice and get a sense of the builder’s perceived strengths that will meet your needs. If the feedback around any perspective builder is generally positive you’re in a pretty good position to proceed.
Get to know your builder
Once you have your ‘shortlist’ it may be a good time to meet with prospective builders in person. By doing so you can get a true sense of their approach to your proposed project. You want to make sure you feel like a priority and that your build will be just as important.
Are they genuine?
But then, of course, there is the substantial must-haves that a builder should be able to present such as having adequate insurance, licences and qualifications. It’s fairly easy to check if a builder is licensed through online search tools – the Housing Industry of Australia (HIA) or the Master Builders of Australia (MBA) is a good place to start looking for their list of members and licensed builders.
What’s their experience and skillset
A build is always unique, and no two projects are the same. Make sure you ask as many questions around where the builder’s strengths lie and around key aspects of your build if you have something specific in mind for your home – how they approach these questions and how confident you feel after will give a good indication of how knowledgeable that particular builder is. Knowing that your builder has the necessary experience required for your project can help to ensure your new home build remains on time and most importantly, on budget. The last thing you want costly mistakes and oversights.
It is always recommended to work with an experienced builder as they will understand and be aware of the legalities and restrictions associated with a particular lot or piece of land or build practice.
By now you will have a pretty decent idea on choosing your builder. The last suggested step in getting to your builder would be to review their portfolio and make sure their finished projects resemble the outcomes you initially expected. It may be worth asking for some references from other clients or tradespeople within their network.
Transparency and with No Hidden Costs
A large part of the ‘unknown’ when building your home can get a sense of the exact costs of the project and knowing you won’t be in for any surprises down the track. After all, you’re about to invest hundreds of thousands of dollars and every dollar counts in to ensure your home you get the dream you had hoped for.
Do your homework in order to understand the terms of the quote and contracts and what certain words or phrases mean in relation to your build project. If you receive any quote, a good approach would be to ensure it is itemised with as much detail as possible. If there are any points of uncertainty, clarify them then and there, that way there will be no misunderstandings once you’re ready to sign a contract.
It’s never in the best intentions of any builder to take advantage of a customer. It’ll only lead to damage to their reputation (which no builder wants). Having said that, misunderstandings can and do happen so ensure you’re proactive in your understanding of the cost structures and project management process. Master builders like Ausmar Homes make a point to walk you through the entire build process and keep you well informed – they treat every build as if it was for their own home.
The more detail you can provide to your prospective builder of what exactly you are after, the more transparency you’ll have, giving you the confidence to know you’re getting a great value build. The keyword in that last sentence was value. The last thing you will want is a builder who cuts corners and workmanship in order to pass on a slightly cheaper price. Because it will only cost you in the long run.
Sign a contract only when you’re ready
Don’t be pressured into signing on the dotted line until you have all the information and confidence you need – being an educated home buyer will be your greatest advantage as you prepare to build your greatest asset. A good builder understands the gravity of the decision to build a home (especially for first home buyers) and will gladly answer all your questions and go through the details with you as many times as needed until you feel confident with proceeding with the build.
Getting legal advice is generally recommended however it will come at an additional cost so be sure to factor this into your overall budget.
To note: Slight changes to your contract here or there (can happen) and may result in delayed approval for a loan and drawing down payments from a construction loan etc. You can avoid this added stress by considering all aspect prior to signing the contract.
Furthermore, it is well-advised that further considerations be made to the following:
Are there any standard or additional warranties a builder can provide?
Can the builder offer any termite protection?
Make sure the contract provides a fully itemised list of quotes that you agreed upon.
Discuss communication between yourself and the builder (project manager) throughout the build
It makes all the difference to work with a build team you trust and would be happy to work with for the duration of the build (which is usually a few months). Once you’ve decided to go ahead with building your dream home, you’ll want it to be everything you’d hoped for, so choose a team that can help your dream become a reality.
How Ausmar Homes is helping First Home Buyers into their own homes sooner
With Ausmar Homes, becoming a homeowner can be your reality. The team at Ausmar Homes wants to show you how you can escape the rental rut and own your first home with as little as $10K deposit.
This is an exclusive first home buyer’s solution that gives you the opportunity to enter the market and build something of your very own. No gimmicks, we just have a way to help people, couples and families just like you to achieve owning a home sooner.
It is a sensible solution that allows the first home buyer to build a brand-new home with Ausmar Homes.
You can now enjoy your very own home without unnecessary mortgage stress. All you need is;
To have a solid rental history, even if it’s as short as three months,
To be able to qualify for the state governments first owners grant and
To have a clear credit history
We want you to love your home for a lifetime so it’s all about ensuring you’re in a qualified position to start a new home build. Align yourself with experts in the industry who can help you navigate the process.
Ausmar Homes first home buyer’s solution (as with all our home builds) is backed by honesty, integrity and transparency throughout the entire build process. We want you to enjoy the journey without the stress and worry that may come with such a significant project.
Ausmar Homes is an award-winning builder who has built a strong reputation of being accessible and communicate throughout the build process.
Simply contact our First Home build specialists and we’ll be in touch and have you on your way to owning your first home sooner than you thought.