Your Guide to Building a Home: Mortgage Broker Reveals the Secrets All First-Time Home Buyers Should Know

Mortgage broker reveals the secrets all first-time homebuyers should know – from why you should build instead of buy to how to create a ‘functional floor plan’

  • A Mortgage Broker Has Revealed a Basic Guide to Building Your First Home
  • Robert Roper recommends building in an ‘existing suburb’, not a new estate
  • Create a ‘functional’ layout by living open-plan and maximizing space
  • First-time homebuyers should avoid being sentimental about small details
  • Buyers should also take advantage of available government grants if eligible










Home buyers should choose to build their first home rather than buy an old existing property on the market, a mortgage broker has revealed.

Robert Roper, director of Trusted Finance in Perth, told the Daily Mail Australia that first-time homebuyers should build a home and use available government grants, even though the planning application process is often ‘confusing’.

Mr. Roper recommended building a house in an existing suburb compared to new builds, creating a “functional floor plan” and spending money now on what you can’t change later, such as the number of bedrooms.

“Building a house means everything will be new – you have the advantage of being able to structure the house to your style and have less maintenance costs,” he told Daily Mail Australia.

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Robert Roper, director of Trusted Finance in Perth, (pictured) recommended building a house in an existing suburb compared to new construction

Create a ‘functional map’

While building a home is an exciting process, Mr. Roper said it’s important to create a “functional” floor plan or layout rather than focusing on the overall style.

“Make decisions about the structure of the house to maximize the space and the possible options for you to rent it out later,” he said.

“Maximize the bedrooms and space instead of spending your money on cosmetic products with personal taste.”

“Building a house means everything will be new – you have the advantage of being able to structure the house to your style and have less maintenance costs,” said Mr Roper (stock image)

In general, most modern homes have open plan living areas connecting the kitchen, living and dining area, which would be a popular style to consider.

“Think about how the construction also connects to your outdoor space and how you can create privacy in your backyard,” he said.

“It’s also worth considering which direction the house will face to maximize light.”

The advantages of building a house compared to buying:

1. You are the first owner – any issues, maintenance issues and short term issues can be solved by talking to the builder

2. Limited Surprise Accounts – as a young person you do not want to spend money on common maintenance costs – such as leaking taps, holes in the roof, etc.

3. Higher rent and easier to rent to tenants

Don’t get too sentimental about little things

Mr. Roper said many first-time homebuyers fall into the trap of getting too sentimental about minor aspects of the design and not considering the layout’s overall functionality, which can diminish its value years later.

While it’s important to enjoy the process and make the house your own, don’t invest too much money in small aspects – like marble kitchen countertops or blackout blinds.

“My first house was a construction and I remember being so sentimental about what I was building — and you can’t help it because it’s often the biggest financial commitment you’ve ever made in your life,” he said. he.

‘You go through many different aspects with the builders, from pre-start meetings to figuring out what color tile or paint you want.

“But instead of focusing on what’s sentimental to you, focus on the aspects of the build that are very difficult to change later on.”

Make decisions about the structure of the house to maximize the space and the possible options for you to rent it out later,

Make decisions about the structure of the house to maximize the space and the possible options for you to rent it out later,” said Mr. Roper (stock image)

Build in an ‘existing district’

Since it is practically impossible to determine whether building is cheaper than buying, it is always a good idea to buy in an ‘existing suburb’ rather than in a brand new developing country.

“If you can buy a piece of land and build a house in an existing suburb, you’ll typically find that you’re getting more returns compared to a brand-new development,” he said.

Mr Roper said it is difficult to know how quickly areas under development will grow in value due to less available data and information.

In recent months, Mr. Roper has gained a strong following of more than 23,000 people on TikTok by sharing its trusted information in short videos.

AUSTRALIAN FIRST HOME BUYER GRANTS AND SCHEMES

VICTORIA

A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home.

The FHOG is $20,000 for new homes built in regional Victoria, for contracts signed from July 1, 2017 to June 30, 2021. (Read information about FHOG amounts available before July 1, 2013)

Your first new home could be a house, townhouse, apartment, unit, or the like. The amount paid for the house i.e. the contract price for construction when building the house must be $750,000 or less

SOUTH AUSTRALIA

If you’re a first-time home buyer, you may qualify for the first-time homeowner’s grant of up to $15,000 if you:

  • Buying or building a new home (including a house, condo, unit, townhouse or apartment) in South Australia; and that home will be your primary residence

The market value of the property must be $575,000 or less

NORTHERN TERRITORY

The Australian Government has announced a $25,000 grant to eligible owner-occupiers to build a new home or substantially renovate an existing home

The HomeBuilder grant is funded by the Commonwealth Government and administered in the Northern Territory by the Territory Revenue Office (TRO)

Source: firsthome.gov.au

The Australian First Home Buyer Grant or Scheme is subject to the laws of each state and territory

NEW SOUTH WALES

A $10,000 First Home Owner Grant (FHOG) is available when you buy or build your first new home

To qualify as a first-time homebuyer, you must purchase the first home you or your spouse owns or has co-owned in Australia, although there are some exceptions.

You must also move into the home within 12 months and live there for at least six consecutive months

QUEENLAND

If your contract is dated July 1, 2018 or later, you can get the $15,000 Queensland grant to buy or build your new home, unit, or townhouse (worth less than $750,000)

The grant is paid per new home; not to each of the applicants for the same property

WEST AUSTRALIA

The grant is $10,000 or the fee paid to buy or build the home if less than that amount

If you are a first-time homeowner, when you buy or build a new home, you may

AUSTRALIAN MAIN AREA

From 1 July 2019, more home buyers in the ACT do not pay excise duty and have more freedom to buy the first home that suits them.

TASMANIA

A $20,000 first-time homeowner grant is available to eligible applicants who purchase or build a new home in Tasmania between July 1, 2016 and June 30, 2022 (inclusive).

A new home is a home that has not been previously occupied or sold as a home and includes kit homes

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