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Dos and Don’ts for First Home Buyers

Buying your first house can be extremely stressful. It is probably the biggest financial commitment you have ever made and will play a big role in determining your quality of life over the coming years. It could be the best decision you ever make, or one of the worst. To avoid a horror story, it is really important to do your homework and make sure everything is in order before you finally commit to your first house. In this article we’ll give you a head start with that homework, compiling a list of tips and suggestions to get you on the right path to owning your first house.

Don’t Wait Forever!

It’s vitally important that you don’t commit to buying a house before you are ready. You might get stuck with a mortgage to pay off that could last the rest of your adult life, leaving you no time to actually enjoy your investment. At odds with this potential downfall however, house prices in Sydney and all over Australia have been generally increasing at rates that exceed the rate of inflation and wage growth over the last few years. If this trend continues, the longer you wait the more expensive it is going to be to own a home. It is a high-stakes market and it is worth seeking advice from independent property market analysts to know where the current situation is heading.

Make Sure you are Eligible for a Home Loan

Unless you’ve suddenly come into a large enough sum of money to buy a house outright, you are going to need a home loan. You are not always going to get the best deal from a specialist mortgage broker and it is well worth your time and effort to talk to or visit a series of credit unions and banks. It is worth getting multiple appraisals of your situation and having the quotes evaluated by a trusted independent accountant. It might seem like a lot of effort, and it might cost a little bit of money upfront, but it may save you tens of thousands of dollars in the long run.

Proper financial advice will also be able to assess whether you are eligible for a first home buyer’s grant.

Beware the Hidden Cost of Old Houses

Assuming you are eligible for a home-loan and are ready to enter the market, there are some caveats to be aware of when purchasing an old or existing house. While it might be common decency for a real estate agent to tell you about every shortcoming of a property, they may not be as forthcoming as you would like. What’s more, they may not be aware of faults. You don’t want to buy a house only to find out three months down the line that the entire foundations are infested with termites or the roof needs replacing. An old house might look cheap on the surface, but the added price of necessary repairs to get it up to scratch may be too costly. It should be possible to negotiate electrical, structural and pest inspections with the real estate agent prior to purchase.

Alternatively, to avoid any of these potential problems, consider buying a new house from a trusted builder.

Talk to New Living Homes for House and Land Packages

New Living Homes are one of Sydney’s leading producers of new houses. We can build one of our predesigned homes on an existing block, customise it to your specifications or sell a complete house and land package. Call us today to talk about any of these options obligation free on 1300 366 766 or contact us online.


Building a New Living Home has given me confidence that I can easily embark on building a home rather than buying a place, and get a better house/ home rather than a small flat. But you have to choose a builder that KNOWS how to build, that builds exactly how the design dictates. A builder who can deliver what they say, when they say. A house that won’t look daggy in years to come is important too, and New Living Homes did just that. The overall investment has worked out well too, growing in value is a short period of time.


”The idea of our brand new home is still really sinking in as we never dreamt of building or ever own. A VERY big thank you to New Living Homes for giving us a brand new home! You’ve made our dreams real!”- Grevillea 4.1, Elegance Facade

L & M King

We would just like to say a massive thank you once again for all your help with the house. We moved in on the weekend and we are loving it ! So thank you for being part of the team that made our dream come true.

Belinda, Jordan Springs, Acacia 4 Urban

I love that my new home is mine!!!! There is nothing I don't love about it. The finishes are great and it is just perfect! I love showing it off to people and all of my friends and family love it and always compliment the design and workmanship.

B.M - Spring Farm  

‘’From the very beginning, our experience with New Living Homes has been nothing but amazing. From our very first meeting at Spring Farm, to the accounts team, to the pre-construction team, and our Construction Manager on site, nothing was ever an issue, or a question too stupid’’.

Rebecca & Steve - Jordan Springs 

‘’I have been extremely happy with my experience with New Living Homes and have told anyone and everyone about our build. Everything went smoothly and yes there were a few problems but our site manager sorted them out as quickly as he could.. Throughout all the build, nothing was too much trouble for our site manager’’

Debbie & Brian - Jordan Springs 

After hearing some horror stories of people building their homes we were fairly nervous to see how it would all
unfold however from the very first dealing with New Living Homes we could not fault a single thing. I would like to
give special mention to Emma from the Brooks Reach Display who was very accommodating with us pestering her
with what seemed like every week as we would be checking different things in the display home.

Tim & Kara - Flinders

My experience was excellent. This was the second house I have built in 4 years and the whole experience was a pleasure from start to finish. All of the sales team were very helpful and very responsive to each and every enquiry I had.

Damian & Lauren - Spring Farm 

Building with New Living Homes has been a pleasant and enjoyable journey so far, and we know we have Sandra to thank for this. Her customer service is second to none, and has made all the difference in building this time round. My husband and I just wanted to make sure recognition and praise was given where it is due. Thanks again for everything Sandra! We are looking forward to more builds with NLH. 

D.E, Marsden Park 

I always thought that building a house in Australia would be a nightmare like everyone told me but it was more than a pleasure as I was never troubled about anything. The process was as smooth as a butter.

Thank you guys, its because of your amazing team work, good flow of communication and the zeal to work hard to let people achieve their dreams, has gotten us what we really wanted. -

Monika & Mayur, Elara 

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