Securing your future
Dean McGuigan of Golden Homes highlights the advantage of locking in today’s build costs and tomorrow’s interest rates.
One strategy that is gaining traction among savvy homebuyers is the combination of locking in today’s fixed price build costs while taking advantage of tomorrow’s potentially lower interest rates. This approach offers a unique blend of security and savings, making it an attractive option for those looking to build their dream home without the financial uncertainty that often accompanies such a significant investment.
Locking in a fixed price for your home’s construction costs provides a crucial layer of financial stability. In a market where construction materials and labour costs are continually rising, this strategy protects you from future price hikes. By securing today’s build cost rates, you can avoid the impact of inflation on your building expenses, ensuring that your new home build stays within budget and on track. This predictability allows for better financial planning and peace of mind, knowing your construction costs won’t unexpectedly increase.
While this offers significant financial advantages, it’s essential to tailor it to your specific circumstances. Consulting with financial advisors and mortgage brokers can help you navigate the interest rates further down the track as the build starts to get underway, and ultimately secure you the best interest rates once you complete the build and as you settle into your new home. Their expertise will ensure that you make a well-informed decision that aligns with your financial goals and secures your dream home for years to come.
The strategy of buying a new home at today’s fixed price build cost while paying tomorrow’s interest rates is a forward- thinking approach that offers both security and potential savings. By locking in your costs now and positioning yourself to take advantage of future lower interest rates, you can achieve the best of both worlds: a well-built home within budget and a mortgage that supports your long-term financial wellbeing. With careful planning and professional guidance, this strategy can help you secure your dream home now, with confidence and peace of mind.
