Buying or investing in your first home is a big step in your personal as well as financial growth. There is nothing more exciting than that. However, it can be daunting and overwhelming to consume so much information before you make a wise decision. With years of experience in conveyancing, we can assure you that this journey will be a memorable story to cherish and tell.
To get you there and make the move easier for you, we have compiled a list of 7 best and FREE online resources that you can use to make informed decisions.
First Home Owner Grant (FHOG)
If you have just decided to buy or invest in your first home, this is an excellent resource to help you plan your journey and budget. It compiles a list of each state and territory that links to their respective government branch, providing you with the most updated and credible information. Each website has links to more detailed information for each step, an estimate calculator for fees associated with the process as well as grants available for first home buyers.
From navigating your funds to negotiating for settlement, Moneysmart offers a step-by-step guide for first home buyers and investors to make their home buying process smoother. Run by the Australian Securities and Investments Commission (ASIC), Moneysmart is a user-friendly website that helps Australians of all ages and backgrounds to grow their wealth and remain financial informed. Their tools like Saving goals calculator and Simple money manager will also keep your budget on track as you sort out finances for your purchase.
Mozo has created a hub for first time buyers where they can find all the factual information in simple and comprehensible terms. Their blogs range from tips and ways to increase your chances of loan approval to detailed information on various government grants and schemes for first home buyers. It is an excellent resource for those who want to tackle their money decision with confidence.
Run by a team of experts with decades of experience in the real estate industry, Real Estate View is widely known for listing properties online. Once you have a firm understanding of your financial situation, head to Real Estate View to find the right property in your budget. For those who are always on the go, Real Estate View also offers an app to make the house hunting journey more convenient. In addition, they also offer a step-by-step comprehensive guide for securing your first home.
There’s no doubt in the importance of numbers in this journey. Buying or investing in your first home comes requires a strong financial commitment. At every point you would need to calculate the expense and compare it to your budget. Realestate.com.au has all the calculators you will need to make your financial commitments. Through their mortgage calculator, borrowing power calculator, and stamp duty calculator, realestate.com.au provides you a better understanding of your finances in your first home buying process.
Buying a house is more than just finding a good house. You should also look at the suburb profile, the local population data, nearby school zones, and so much more. Built by the .id – The Population experts, this demographic resource is a reliable tool to access demographic data for local suburbs. With a one-time free sign-up, you will gain access to 300+ community profiles. This can be a very helpful too for those who have certain expectations from their new suburb.
Now we come to the fun part! Once all the documentation and the financial management is done, you can finally let your dreams take over. Houzz is a perfect place to gain some inspiration on interior designing. Designs and concepts presented by many artists, interior designers, and architects, will ignite your creativity and let your imagination run wild. You can save the designs you like and ask for online advice.
With these tools, you are all set to plan your move to your dream house. You may also want to read our 2 articles on what’s next, Part 1 – Buying a property and Part 2 . Contact our team for a free contract review and for an incredibly easy 10 second conveyancing quote today.