4 Steps of First Home Buyers Scheme
Buying your first home is not only a big moment in life, it is also a demanding process that requires a lot of work and effort to be put in it. From procuring finance to choosing a neighborhood, building or buying a home, taking care of documentation and finally moving in, it’s a multi-step process. It’s not an easy task for people who can’t invest much time in this process due to their jobs and family responsibilities. Moreover, first home buyers do not have any experience in any of this. Thus, it helps immensely to have someone by your side through each step of the journey. Professional help can not only make the whole process seamless and smooth, it can also ensure that everything is done in the right way. We, at Escape the Rent, help you with everything related to buying your first home. We have a well laid-out system to help homebuyers, divided in four steps:
The first step on your way to home buying is comprehending and securing finance. This is a significant part that can often become complex. Consulting with a mortgage expert in the initial phase can help you understand exactly what amount you can afford to borrow and from where. There are many other factors to consider such as whether or not you’re eligible for First Home Owners Grant from the government, what type of loan would suit you best, the amount of deposit you can put down, etc. First home owners in Perth might be eligible to claim a $2,000 Home Buyers Assistance Account as well. A finance expert can guide you on all these aspects and help you procure finance most suitable for you.
Additionally, the 2021-22 Federal Budget stated that you can now pay just 5% Deposit on your Home Loan with the Government's First Home Loan Deposit Scheme from 1 July 2021 to 30 June 2022.
Finding a Neighborhoods
This is another important step as it decides not only the location of your first home, but also the community that you’d be living in. Whether you desire living by the coast close to Perth’s immaculate beaches, or you love living in vibrant urban neighborhoods, we can help you find the perfect location for your home.
Buying/Building your Home
The next step is to choose the kind of home that you want for your family. Buying a newly completed home/apartment or building a project home/a custom home are some of your options. Whatever you choose, we can help you buy your dream home to the highest of standards.
Contracts, Permissions and Settlements
The last part is boring yet important. The process of purchasing a property in Perth is bound by regulations and legislation. There’s a lot of paperwork involved with owning a house such as getting the necessary permissions and ownership documents. With over 30 years of experience in getting our clients their first home, we can help you easily navigate this step.
At Escape The Rent, we have a team of some of Perth’s best designers, architects, finance specialists and construction contractors. Our team of professionals will put their minds to help you buy your first home in the city’s best locations at affordable prices. To know more, feel free to contact us.