Nicole Heales

  • Why Nicole?
  • How I help you
    • Take Control
    • Insurance
    • Superannuation
    • Debt Reduction and Mortgages
    • Wealth Creation
    • Retirement
  • Success stories
  • Education
    • Podcasts
    • Ebooks
    • Explainer Videos
  • News
  • Contact

Important Considerations for First Home Buyers

Buying your very first home is equal parts exciting and daunting as you step into uncharted territory. There is so much to consider and digest when making the decision to buy your first home that often it can become overwhelming. We have broken down all these considerations down into 4 important considerations you need to take into account.

Market Status

The best time to buy a house is during a slump in the market as this allows you to take advantage of falling property prices. Along with lower prices, a slump in the property market is also characterised by many rental vacancies and more buyers than sellers.

Hidden or Additional Costs

It is easy to mistake a house’s price as the only cost you will have to pay when buying your first home. The reality is that there are numerous hidden cots that need to be considered such as loan application fees, stamp duty, strata search, utility installation costs, insurance and various moving costs.

Know Your Monthly Budget

It is important when you apply for a home loan you do not get distracted by the amount you can borrow and instead consider the monthly loan repayments. You will need to work out your monthly expenses and your monthly income in order to determine the repayment amount you can afford to take on and if there are any cuts you can make to your expenses to accommodate the loan repayment.

Apply for a Pre-approval

Having a pre-approval will give you an accurate idea of what houses you can and cannot afford before you begin looking for a house or applying for a home loan. This will save you a lot of time and stress and is a great idea for those new to the property market.

Taking the time to evaluate these important considerations when you hunt for your first home will help ensure your first home is your dream home.

Before you take the first step to buy your first home please get in touch, book a time to chat here.

Finances, Mortgage, Mortgage Brokering

Can’t find what you need?

Newsletter

Subscribe to my newsletter and get regular updates on ways to make the most of your finances.

sign me up

INDUSTRY AWARDS

  • Winner – Most Influential Financial Planner 2019
  • Power50 – 50 Most Influential Advisers in Australia 2019, 2018 and 2017
  • Finalist – Female Excellence in Advice 2018 and 2017
  • Finalist – Industry Thought Leader of the Year 2018
  • Finalist – Holistic Adviser of the year 2018
  • Winner – Most Inspirational Woman in Financial Planning 2017
  • Finalist – Financial Adviser of the Year 2017 and 2016

OUR LOCATION

15 Howard Street Beulah Park SA 5067
Mobile: 0417 167 024

Let’s Connect!

  • Email
  • Facebook
  • Google+
  • Instagram
  • LinkedIn
  • YouTube

What’s news for you

  • Relationship break-up entitlements when you’re in a de facto 
  • A guide to managing financial anxiety 
  • How to save for retirement in your 50s 
  • Paying your mortgage vs. adding to your super
  • Market outlook Q&A
  • How much super should I have at my age? 
  • Give your finances a shake out 
  • How much do I need to start investing? 

Adviser Profile | Financial Services Guide
Privacy Policy | Disclaimer

Nicole Heales ABN 64 871 906 280 is an Authorised Representative of Capstone Financial Planning Pty Ltd ABN 24 093 733 969. AFSL 223135 (Authorised Representative Number 312479).

Copyright © 2021 Designed by GWD - Developed by Weblicious Solutions