Buying your first home doesn’t have to be a daunting task. At Cavalier Homes our trained professionals are there to assist you through this exciting period. There are a few easy steps to follow that will help you along your journey.
- When is the right time to buy? Many experts will tell you the right time to buy is when you have the deposit saved, and the income to comfortably repay your mortgage. Waiting for the right market conditions can delay your entrance into homeownership and mean that your money is spent on rent not paying off your own mortgage.
- Obtain preapproval from your lender of choice. Click on this link to ask Cavalier expert to arrange preapproval for you. Preapproval is important for a number of reasons. Firstly is your opportunity to ascertain what payments you can comfortably afford. You can also determine what the bank will loan you. This is important as it sets the budget you can work with. Remember that every banks policy is different. If you’ve been declined or you’re not happy with the amount the bank will lend you, then speak to Cavalier New Home Consultant. We have a panel of lenders available that may assist you in securing your first home.
- Should I build or buy an existing home? During the early years of owning your 1st home most first-time buyers are on a tight budget. They don’t want the hassle or cost of repairs and maintenance that existing homes come with. Of course the excitement of building a home that truly reflects what you want is also a common reason for building a new home.
- How much will my home cost? One of the many benefits in building with Cavalier Homes is the flexibility we offer. Flexibility is important as it can directly impact the cost of your new home. Our four step process means it easy to work with in your budget.
Once those four steps are complete we can easily provide a price for you. After deciding on the Cavalier Home that’s right for you simply pay a small deposit. That allows us to start the site investigations (that’s builders speak for, we will test the soil on your land to determine the foundation requirements for your home).