Make Building and Owning a Home More Affordable

Building and owning a home is one of the biggest investments you’re likely to ever make. If your income is just about sufficient to make ends meet, you would do well to consider your options when it comes to house and land packages in Perth. You also need to sort out your finances, choose the right home builder, and think of how to make the home more cost-efficient.

Here are some ways to make building and owning your home more affordable:

·         If it’s your first time to own a home, see if you are eligible for the First Home Owners Grant worth up to $10,000. This amount should give you a head start and enable you to realise your dream of homeownership.

·         Shop wisely for loans, and make sure that the monthly repayments are within your means. Make sure you still have enough for your daily living costs and other expenses after money due to your lender is taken from your income.

·         Evaluate your lifestyle and see if your new home can accommodate it. For instance, your home should be large enough for your family’s needs but not too spacious as to make maintenance rather taxing, not to mention costly. If you plan on having children in the future and have a spare bedroom in the meantime, see if you can rent that room out for extra income.

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