This Custom home development Perth means that the cost of your home will remain the same or even lower compared to if you were to deal directly with the builder. We negotiate the best price on your behalf and maintain full transparency throughout the process. When we assist you in choosing the right builder, they do not pay a sales commission to their internal salesperson since they are not involved in the process. This allows the builder to pay our fixed fee, which is typically equal to or less than the commission they would pay to their internal salesperson. My extensive Sales and Marketing background and strategic planning abilities has led me to finally be doing what I should have always done - helping people fulfil their dream of building a new home. Acting as independent advisors, brokers match client needs with suitable builders, offering unbiased support and reducing stress.

Construction loans finance the construction process, from the deposit to practical completion. Repayments on a construction loan are interest-only, before reverting to principal-and-interest upon completion, unless otherwise agreed. How often have you seen an episode Custom home development Perth of The Block or Grand Designs and seen the cost of building a new property blow out of budget? In some cases, building a property could be cheaper than buying one. If you get a good land and building deal, you could see lower costs compared to purchasing an existing structure. If you own a home and are thinking about diversifying your investments by developing a property portfolio, it may not be as difficult as you imagine.

In fact, about a third of first-home buyers have used a government guarantee scheme in the last financial year, according to the National Housing Finance and Investment Corporation (NHFIC). Home buyers can apply through a Participating Lender authorised by Housing Australia to offer the Home Guarantee Scheme. These lenders will assess your eligibility based on their lending criteria, guide you through the application process and explain the Custom home development Perth documents and information you need to provide.

The home loan will also need to be approved by the lender, based on their own lending criteria. They will assess your eligibility and submit an application to Housing Australia to reserve a Guarantee place for you which will be held for 14 days to give you time to complete your application and apply for a home loan. Use the Eligibility Tool for a quick check of the main eligibility criteria to help you work out which Guarantee you might be eligible for. Use the Postcode Search Tool to check the price cap for the location you want to buy in. The tool is only a guide - confirm the price cap with your Participating Lender for any property you are considering buying.

On Monday (16 June), the Cook government launched a new product under its Keystart program – a low-deposit modular loan product to assist more people, particularly in regional Western Australia, to purchase a modular home. The Western Australian government has introduced a low-deposit modular lending product and plans to roll out a new shared equity loan to assist home buyers. Note both the purchase price and the Property Value must not exceed the price cap. For new builds with vacant land and a separate contract to build a home, the combined land purchase price and build cost must be equal to or under the price cap. The First Home Owner Grant (FHOG) in Western Australia provides a one-time payment of $10,000 to assist first home buyers in purchasing a new home. The grant is available for properties valued up to $750,000 and applies to both metropolitan and regional areas.

In fact, research from Domain highlights that house rents in Perth increased 4.3% to $480 a week. For those who do want to build, you can get a construction loan for investment property. A construction loan is a loan with a short-term construction period used to fund the cost of building a new property. This Custom home development Perth loan usually lasts until the construction of the home is complete.

Don't rely on rental income to cover the mortgage – there may be times when your property is empty. Invest in more than just property so your money isn't all in one market. If you invest in one market, it'll increase your risk and means your portfolio isn't diversified.

Our services are paid for by the builder, so our time and expertise come at no extra cost to you. This means your home will cost the same, or Custom home development Perth even less, than you’d pay directly to a builder. Plus, you get peace of mind knowing you have an experienced and independent building expert in your corner throughout the building process. The builder pays for our services, so our time and expertise are at no extra cost to you. This means your home will cost the same, or even less than you’d pay directly to a builder. Our fee is covered by the sales commission that would typically be paid to the internal salesperson.

Better Way 2 Build are Perth-based building brokers, and we help people who are building a new home get through the complicated and sometimes risky process of building a new home. We walk alongside our clients right throughout their home building journey and support them from initial planning through to the completion of their new home. We coordinate their home construction process, so they sleep easy at night knowing they’ll get a top-quality home at the best possible price, delivered on schedule. Here at Better Way 2 Build, we go the extra mile to understand your unique requirements, including your budget and ideal design. Our values are a big part of who we are, so we commit to listening before we talk and delivering what we promise.