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Saving for your first home at Eden Beach, Jindalee

Purchasing a new home can be one of the most exciting yet daunting experiences for anyone, but by creating a plan well in advance you can help to eliminate some of the stress that comes with the process! Planning financially is often key to purchasing your first home so it’s important to consider everything before making any decisions. To help you plan, we’ve put together a guide to get you started and to walk you through the steps required to make your dream a reality at Eden Beach, especially if you’re thinking your first home at Eden Beach is out of reach!

*The below is intended as a guide only, please consult a financial advisor

Get your finances in check

Ensuring your finances are in good health is a great place to start when it comes to buying your first home. Getting finance can often be a stumbling block for new buyers, so make sure you’re ahead of the finance game by thinking about all the costs associated with buying a home. Furniture, fixtures, fittings and extras are all worth budgeting for when you’re creating your savings goal. Don’t forget to also research any financial initiatives that are on offer before you purchase, which could help your budget or even help you to buy sooner. The WA First Home Owner Grant provides a single payment to help you get started with your new home purchase. Consider what percentage deposit you’re able to put down and use this to work through the available properties and packages in your area.

Research, Research, Research! 

Research is one of the most important steps in buying a home. Take a look at the lots available and the house and land packages to see what suits you best. Understand what will work for you and your family before making any decisions and don’t rush the process. Look at a few options and speak to the sales team at Eden Beach to understand more about the buying and building process as well as what the community and estate offers for residents. Eden Beach offers so much for residents including an idyllic beachside location, the new Eden Beach Restaurant ‘The Eden’ and an in estate Studio for residents to use for business of hobbies! It’s important to consider all factors when it comes to choosing your location and home so take your time and don’t rush any decisions no matter how eager you are to purchase your new home! 

Start Saving

Saving is essential for the majority of people when it comes to buying their first home. Saving for your deposit can be hard but there’s a number of ways to make it easier. For example, look at your current spending, what can you cut back on? Can you change your internet or energy supplier to save money? The saving period may seem mundane but once you’re in your beautiful brand new home you’ll soon forget the hard yards you did to get there! Another consideration is Keystart, who offer low-deposits to those unable to meet the deposit required for their property that may be demanded from mainstream lenders. Deposit amounts are different across regions, so do your research and understand what you can get access to. 

When saving, don’t just think about your deposit. Think about everything else that comes with moving. If you have furniture to move, consider the cost of a removal company and the decor you may want to use in your new home. By considering all costs, you’ll be in a much better position to not only buy your dream home at Eden Beach but also make it your perfect new home from the outset. 

If you’re ready to make Eden Beach your new home or to start planning and looking for some support from the team, get in touch below to speak to one of our sales team now and start turning your dream into a reality! 

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