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Our complimentary e-book "Preparing for your new home" outlines the issues that need to be planned for when buying a new home. It will assist in making your planning process more organised. It highlights steps most home buyers overlook and explains how our unique software package will help and save you time, money and stress.
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Popular Articles

Below are links to articles covering various important aspects to home buying.

A secret to the buying process.

Tips for preparing a budget.

Financial Planning tips.

7 Points to Costing your new home.

Attention home builders.

8 Points to Costing your project home.

How to cost the extras for your project home.

How to prepare and plan for your move.

Background to Home Buyers Information Guide.

About your Service Providers

6 steps in the Conveyancing Process.

The role of a Finance Broker.

Costing Your Project Home.

Heard of the term "Unforseen Costs"?

When buying a block of land and building a home, costs are incurred from many different areas.

If you don't get a handle on this from the outset, it will lead to financial problems down the track.

A commitment to proceed on a project home should not be made until all estimated costings are complete.

It will not be possible to finalise all costings, but it should be possible to obtain close estimations. If unsure always allow more than less.

Let's look at the areas where costs are incurred:-

  1. Land Costs – This is self explanatory.
  2. Conveyancing – Your legal provider should supply a "Cost Agreement" outlining their costs. This should include property enquiries, stamping & settlement fees.
  3. Stamp Duty – This is calculated on the purchase price of the land. Stamp Duty calculators are available on most lender's web sites. Also most conveyancers will be able to advise the amount of Stamp Duty payable.
  4. Lending Costs – The lending institution could charge an establishment fee for your loan. Although in the current competitive market some institutions will waive this. At the same time Lenders Mortgage Insurance could be payable if your LVR (Loan to Value ratio) is over 80%.
  5. Builder's Tender – This tender will include the basic price of the home and a list of all the inclusions they will supply.
  6. Items not included in the Tender – This is critical – Please refer to How to cost the extras for a new home.
  7. Furniture & White goods – When moving to a new property there are generally new items of furniture & white goods required to compliment the new surroundings. The cost of these new items can be added here so that they are included in the overall budget.
  8. Relocation Costs – When estimating removal costs, consider whether the move can be directly from one home to another. If not, there will be a need to cover storage costs between moves, and it will also include the cost of two moves.

Once you have all the costings, how do you collate them, make alterations and updates from time to time? This could be a big ask, but there is some good news.

Our "Software Package" contains an easy to use spreadsheet that is purpose built for this situation. It will save you lots of time and manual calculations.