Saving
up for a new house can be a tedious undertaking, even when you
qualify for the state government’s First Home Owners Grant of up to
$10,000. Many people admit foregoing the unnecessary expenses for a
while to save for building a new house under programmes for house and
land packages in Perth. For the sake of a brand new home, it is a
necessary sacrifice. On the bright side, you can make things work
without having to undertake a really severe austerity programme.
Slice
of the Pie
Some
loan experts state that the rule of thumb for mobilizing your house
and land fund is to dedicate 10% of your monthly income to it.
Further analyses of your spending habits can also reveal which ones
you can eliminate to add more money to your house fund. Take note
though, that many house and land developers require deposits of no
lower than 10% of the overall amount.
Rally
your Funds
A
consultation with your house and land developer will help iron out
how much money you can borrow for the project. Your finance
consultant will take note of your income levels and the current
status of your debts, which may be a problem if some have not been
settled before you make the appointment. The final price of the house
project should determine if you are financially ready for the plunge.
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