FIRST TIME HOME BUYERS
Often times people think buying a home is out of their reach. Buying your first home can be both a scary and exciting process. Contrary to popular belief, getting into the housing market is now easier than ever- interest rates are at an all-time low, the First Time Home Owners’ Grant of $15,000, and the market is seeing prices bottoming out. Regardless of your situation, building a new, first home with Ellis Developments means you are working with experienced industry insiders who will make the process easy and seamless.
So where do you start?
See if you qualify for the $15,000 FTB Grant:
The Queensland First Home Owners’ Grant is a state government initiative to help first home owners like you to get into their new first home sooner. You will get $15,000 towards buying or building your newly-constructed house valued less than $750,000. This $15,000 can be enough to cover your deposit to the bank along with fees! Or you could use it towards choosing a bigger home or get you the kitchen you have always dreamed of. At Ellis Developments, we have a multitude of floorplans and facades to choose from or to be inspired by.
If you have a custom plan in mind, you can work with our in-house design and architectural teams to build your dream home from scratch.
To be eligible:
You must be at least 18-years-old.
You must be an Australian citizen or permanent resident (or applying with someone who is).
You or your spouse must not have previously owned property in Australia.
You must be buying or building a newly-constructed home, valued under $750,000.
See if you are eligible:
Talk to a bank or financial institution:
Before you start looking at land and houses, you should know how much you can afford to buy. When meeting with a mortgage broker, they will ask you a number of simple questions to assess your situation. Did you know a history of paying rent can often be enough to show financial strength for home loans? After your meeting, they will be able to give you an understanding of how much you can comfortably borrow and what your monthly repayments will likely be.
Once you have that squared away, the team at Ellis Developments can help you work within any budget- large or small. If you are not sure who to talk to about financing, we have several reputable contacts we can provide you with.
Picking your neighbourhood:
Location, Location, Location! Consider your lifestyle. Are you often found out and about around town from Domain to City Lane to The Strand? Do you need to be close to day care, primary, or secondary schools? Do you enjoy the city life in town on the weekends catching up with friends or do you prefer a BBQ on the back deck with a coldie in hand? Do you have a budget for taxi’s home on Saturday night? These questions will guide you to how close to town you want to be. Needless to say, land closer to town will be smaller and more expensive to buy, but the houses will generally be similar in price.
Determining a lot size: Do you want a low maintenance courtyard for entertaining or do you want a ride on mower this Christmas for that ¼ acre yard you will be cutting every weekend? No matter which area you choose to live in, The New Home Specialists at Ellis Developments can guide you through land purchasing and finding what is going to suit you best.
Picking your floorplan:
So now that you know the size of your lot and your neighbourhood, it’s time to pick your home. A great place to start is to walk through the Ellis Developments display homes for inspiration. Some people prefer to pick an established floor plan and make a few small changes while others prefer to create their dream home. It’s time to get your wish list ready. Our New Home Sales Consultants specialize in determining your needs and translating that into a floor plan you want. The added benefit of having an in-house design and architectural team working throughout the design phase is at no extra cost to you.
With years of experience, we have thought of everything. That means no hidden extras, no hidden costs, and no extra headaches.
Are you ready to make the first step?
Contact us today to explore your options or to ask any questions. Fitting people with the house and land packages that are right for them is our passion, and one we do well.