A Few Reasons Why Land And House Packages Are Often The Best Bet For First Time Butters
For first time home buyers, the process of acquiring a property can be an extremely daunting process. In truth, many young couples have lost a considerable amount of money, and that even before the get to move in.
It's no secret that the real estate industry is literally teeming with fraudsters, regardless of where about you live. Even a seemingly insignificant slip up could see you losing several thousand dollars, and unless you're very fortunate, you'll have no way of getting your money back.
Even so, many of the buyers who lose money don't lose that money in a single sweep. Instead, they lose a bit at a time as the go from one stage to the next. For instance, when a see a piece of land being offered for sale via an real estate agent, how can you be sure they asking a fair price? Don't forget, the agent you're dealing with could already have upped the price, and it's unlikely the owner will complain, so long as they are getting what they asked for the land.
Once you get to the stage where you require building plans, you'll once again be vulnerable to overpricing. To be honest, I also nearly became a victim the first time I was going through this. Fortunately for me, I eventually paid ten times less for my plans than I was first quoted.
The most risky stage however, is once you get to the point where you have to hire contractors. Even though it might seem unimaginable, one contractor could quote you more than double the amount you've been quoted by a different contractor.
This stage is also made more risky because you are literally being held at ransom in terms of price vs. quality. On the one hand you don't want to be paying more than you have to, while on the other hand, you don't want to sacrifice on quality.
Basically, if you're looking to buy your fist property, you have two options if you're hoping to avoid unnecessary losses. You can either research every single aspect of the building process so that you are familiar with costs and the type of quality which can be expected, or else you need to consider land and house planner packages.
With house and land packages, buyers are usually assured of a certain level of quality, and they're also less likely to received unexpected bills along the way. In a nutshell, land and house packages are almost always a better deal, especially for first time buyers. With that said, one should still tread carefully, and always think twice before signing any agreements.
It's no secret that the real estate industry is literally teeming with fraudsters, regardless of where about you live. Even a seemingly insignificant slip up could see you losing several thousand dollars, and unless you're very fortunate, you'll have no way of getting your money back.
Even so, many of the buyers who lose money don't lose that money in a single sweep. Instead, they lose a bit at a time as the go from one stage to the next. For instance, when a see a piece of land being offered for sale via an real estate agent, how can you be sure they asking a fair price? Don't forget, the agent you're dealing with could already have upped the price, and it's unlikely the owner will complain, so long as they are getting what they asked for the land.
Once you get to the stage where you require building plans, you'll once again be vulnerable to overpricing. To be honest, I also nearly became a victim the first time I was going through this. Fortunately for me, I eventually paid ten times less for my plans than I was first quoted.
The most risky stage however, is once you get to the point where you have to hire contractors. Even though it might seem unimaginable, one contractor could quote you more than double the amount you've been quoted by a different contractor.
This stage is also made more risky because you are literally being held at ransom in terms of price vs. quality. On the one hand you don't want to be paying more than you have to, while on the other hand, you don't want to sacrifice on quality.
Basically, if you're looking to buy your fist property, you have two options if you're hoping to avoid unnecessary losses. You can either research every single aspect of the building process so that you are familiar with costs and the type of quality which can be expected, or else you need to consider land and house planner packages.
With house and land packages, buyers are usually assured of a certain level of quality, and they're also less likely to received unexpected bills along the way. In a nutshell, land and house packages are almost always a better deal, especially for first time buyers. With that said, one should still tread carefully, and always think twice before signing any agreements.