First home buyer. Please help!

Hi all,

I am planning to buy a house within the next 6-12 months.

I am willing to spend up to 500k.

Looking for brand new house (but if you think established house is better let me know)

Is home and land package better than buy land and hire constructer separately?

Who are the good builder in wa?

Not after something too fancy in the house like pool, big yard.

Is 300m2 enough for a couple (i am not even sure how big is 300m2).

Comments

  • +4 votes

    Is 300m2 enough for a couple (i am not even sure how big is 300m2).

    Go look at display homes

    •  

      Depending where you live, 300m2 is about half a block. If you are building a two storey house, this is fine.

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    From reputation, WA houses are all double brick, so the bones would be similar old or new.

    In Sydney, 300m2 land would depress your potential re-sale value when the house gets middle aged because there would be no potential for extension. I'd look at 500m2 at least (just enough space for a couple and two young kids).

    • +2 votes

      300m2, I'm guessing he's talking about floor size not property size. 300m2 for a house would massive for a couple but 300m2 for a section size would be tiny.

      •  

        300m2 is a lot of house to build for $500k minus land cost. Might be possible if you forwent every option and went with basics everywhere (ceilings standard 2.4m, single powerpoint per room, oyster lights, hollow-core doors, thin alu windows… you get the picture).

  • +1 vote

    Do as much research on the market as you possibly can, talk to your friends who have bought a property recently. Talk to your local real estate agents. Look at every property sold in your target area for the last 12 months.

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    I wouldn't build, so many things can go wrong. At least with an established house, after a building inspection it is very likely to be fine (still a chance for there to be a hidden issue that comes to light later but less chance than building, going by threads here).

    • +4 votes

      also, the quality of new builds is shocking. Couple of friends built earlier this year and both have similar issues, doors don't close, shelves installed not straight, locks that don't work.. and try getting them back to fix these issues

      •  

        Exactly. An older home built in the 80’s is likely to be of better quality than a new build now. Unless you pay big bucks for a custom build by a quality builder who is likely too busy anyways.

  •  

    300m2 is about enough room to park a caravan. :)

    I'm not sure I could survive on anything under an acre anymore (4000m)

  • +4 votes

    Honestly, it doesn't sound like you've done enough research to drop half a mill on a house anytime soon.

  • +1 vote

    For me existing house is a much better option. Typically you know what facilities and infrastructure are there and they aren’t out in the burbs miles away from everything you visit.

    Do more research. You need to know where you want as much as what you want. Don’t forget to take schools into consideration, even if you don’t have kids yet. Once you have bought it’s a lot harder to move than renting.

    My first house was closer to town, restaurants, beaches etc. our second house was targeted in a good high school area despite kids only being 3 and 1 and we’ve moved house but stayed in the same school zone.

  •  

    thanks a lot for the help guys

  •  

    In your case I would highly recommend looking in to engaging a buyers agent, it will cost you money but has the potential to save you even more money and valuable time, probably a good investment for such a big decision.

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