Reasons why building is better than Renting

INVEST IN YOUR FIRST HOME AND LIVE ON YOUR OWN TERMS
If you’re renting, there are limited things you can do to improve the property. You might be able to paint or replace the flooring, but all the cash you invest will be lost after you move out. When you build your first home with My First Home, you get to live on your own terms. You can hang pictures wherever you like or upgrade the kitchen. Plus, you don’t have to worry about dodgy flat mates eating your food or inviting their noisy friends around.

IF YOU LIVE IN A RENTAL, YOU COULD LOSE YOUR BOND
No matter how well you maintain your rental property, there’s always the chance that you could lose some or all of your bond – especially if you have pets. In your First Home, you can customise the place to suit your furry friends with a kennel in the alfresco area, a scratching post in the garage or maybe a hamster wheel in the spare bedroom.

RENTING WASTES MONEY, BUILDING GIVES YOU EQUITY
If you’re paying rent, your money isn’t working for you. But if you build your first home with My First Home, your equity will increase as house prices increase. When it comes time to retire, you pay no rent and have the option to take out a reverse mortgage that allows you to live off the equity in your home.

INSTEAD OF RENT GOING UP, YOUR MORGAGE REPAYMENTS WILL GO DOWN
Every year, the cost of living in Perth rentals goes up with inflation. But if you’re smart about which first mortgage you choose, your repayments will go down over the term of the loan. Even if you have no savings and no deposit, the experts at My First Home can find the best loan to suit your budget from a huge range of finance options.

YOU’RE IN CHARGE
Some rentals don’t give you a fixed timeframe on your lease, which means the landlord can give you just two week’s notice to move out. When you’re living in your first home from My First Home, you’re in charge of your future because the decision to move or sell is up to you.

A NEW ENERGY EFFICIENT HOME SAVES YOU MONEY
As a leading Perth home builder, every new home constructed by My First Home is 6 Star energy rated, which according to Government research can save you up to $8,025 every year.

BUILDING YOUR FIRST HOME MEANS LESS MAINTENANCE.
One of the worst things about renting is having a property inspection every three months. But they will be a thing of the past after you build your first home with My First Home. Plus, you get the added peace of mind of a 120 day post-construction maintenance service and a 6 year structural warranty.

SUIT YOUR HOME DESIGN TO YOUR LIFESTYLE.
When you’re renting, there’s no guarantee all of your belongings will fit into the property. And if that happens, you may have to pay expensive fees to keep your stuff in storage. When you build your first home with My First Home, you can choose from over 300 of the latest designs.