Hurry! What you need to know about the HomeBuilder Grant timeframe…
The Federal Government has released a nationwide HomeBuilder initiative to boost the building sector and support Australian homeowners in response to the economic fallout caused by COVID-19.
Eligible Aussies who sign a construction contract between 4th June 2020 and 31st December 2020 can apply for the $25,000 grant. PLUS if you are also a first home buyer, you may be entitled to additional State Government first home owner grants, stamp duty concessions, the Commonwealth’s First Home Loan Deposit Scheme and the First Home Super Saver Scheme.
BUT be quick! Getting to contract stage may take longer than you may realise.
It is important not to underestimate the time it takes to finetune plans, arrange the colours and selections that will form part of the contract, as well as get your finance secured. All of this takes place BEFORE the contract process can begin.
Step 1. Reserve your house and land package
If you don’t have a block of land already, a house and land package is a great solution to get your new home journey on the way. As land developers, Lansell Homes have a stock of land pending availability and can help you to find the perfect house and land package to match your lifestyle needs.
A $1000 fully refundable holding deposit is required to reserve your preferred House and Land Package, take it off the market and commence the preparation of land contracts.
Step 2. Secure your finance
You will need to formally apply to a financial institution or broker seeking pre-approval of your finance. The more information you provide at the start of the process, such as your income, expenditure figures and assets, the quicker your finance will be pre-approved. Financial institutions will pre-approve your finance in writing.
Step 3. Arrange colours, selections and personalise your plan
Delivering a home that truly represents your personal sense of style and taste is important to us. We can help you add the personal touches to make your dream home a reality. Each house and land package customer also receives a personal consultation with an Independent Designer to help you select fittings, fixtures and finishes that will turn your house into a home.
Step 4. Finalise New Home Proposal
Your Lansell Homes sales consultant will put together a fixed price quotation for you to review. If you make changes to your plan, including colour selections, your contract may take a little longer, so it’s important to make sure you have room in your timeline. Fine-tuning your quote could take a few weeks. Our best advice at this time is to ensure your quotation is underway by mid-late September, so your contract could be underway by mid-October.
Step 5. Finalise Finances
You must provide us with a written, formal approval of finances.
Step 6. Contract Signing
At this step, you approve your final new home drawings, colours and quotation, then we apply for your building permit.
According to the Federal Government guidelines, the latest you can sign a contract is December 31, however, our offices close for the Christmas break on Thursday 17th December – so Lansell Homes contracts will need to be signed by this date to be eligible.
Step 7. Site Start
As a requirement for the HomeBuilder grant is that the job starts construction on site within 6 months of contract signing, it’s important to know that we have a schedule with a set number of homes we can begin each month. Once our schedule is full, it’s full!
Don’t miss out on the $25,000 HomeBuilder grant. Speak to Joanne Grae on 0448 829 957 today to learn more!
Are you eligible? Terms & conditions apply.