Getting to grips with your finances.
We encourage First Home Buyers to develop positive saving habits before looking to purchase a home. As a homeowner, you will need to be comfortable paying your mortgage each month at the same time as other expenses. As a home owner, you’ll have to factor in things like home maintenance and repairs to keep your investment in tip-top value range.
Getting a firm grip on your finances is important to ensure that you’re ready for such a major financial reprioritisation.
Before you start attending ‘Open Houses’, you will need to understand what your price limit is and how much you can afford by analysing your budget.