subject: A Few Reasons Why Land And House Packages Are Often The Best Bet For First Time Buters [print this page] For first time home buyers, the process of acquiring a property can be an extremely daunting process. In truth, many young couples have lost a considerable amount of money, and that even before the get to move in.
As many buyers have already discovered, there is no shortage of fraudsters withing the real estate industry. Make a wrong move or a hasty ill thought out decision, and you can lose a fortune, which in most cases, won't be able to be recovered.
Even so, their are relatively few buyers who lose a large sum of money to only one person or one business. Instead, they find themselves losing a bit of money as they enter each new stage of the process. For example, they might see a nice piece of land and decide to buy it, but how can they be absolutely certain theyre not being overcharged? Perhaps the real estate agent has added on a bit more commission, and the owner isnt likely to complain providing they get what they were asking for.
Next comes the planning stage, which once again, could see an unsuspecting buyer having to pay an inflated price for their house plans. This very nearly happened to me when I was having my fist home built. The first quote I got for building plans ended up being almost ten times the amount I finally ended up paying.
The stage where you'll be at the most risk of being ripped off, is when you have to start hiring builders and other contractors. Let's just say, it's not unheard of for some contractors to charge up to 200% more than other contractors have quoted.
The hardest part when you hit this stage, is the issue of quality. As the buyer, you certainly don't want to spend more than you have to, but then again, you also don't want to risk sacrificing quality.
Essentially speaking, buyers only have two real options to choose from when it comes to acquiring a new home. Your first option would be to be a real "hands on" type of buyer so you know exactly how much you can expect in relation to the amount you're spending, while your second option would be to look at house and land packages instead.
With house and land packages sydney and land packages, buyers are usually assured of a certain level of quality, and they're also less likely to received unexpected bills along the way. In a nutshell, land and house packages are almost always a better deal, especially for first time buyers. With that said, one should still tread carefully, and always think twice before signing any agreements.
