Wondering How to Escape the Rent Trap? Here is What You Should do

Escape the Rent Trap

More and more Aussies have come to the realization that rent money is dead money. Additionally, the current market conditions suggest it is more affordable to own a home than it is to rent. With rentals being scarce these days, many people are seriously looking at their home ownership options instead and finding ways to escape the rent trap and own a home. At Stop Renting Perth, our goal is to help you escape the rent trap by helping you secure a Home and Land package that will suit your needs and budget. Lots of renters come to us unsure what steps they need to take to go from renting to owning a home of their own. We have prepared a brief outline of what that looks like here:

Stop Renting and Starting Buying Land To Build A Home

You can escape the rent trap by building a home and securing a block of land. If you are a first home buyer, you are immediately entitled to the government’s First Home Owners Grant (FHOG) to get your foot through the door. This grant is a great incentive to stop renting and start buying land to build a house. Once we work out what you qualify for, we can help you secure a block of land in a location of your choice. We have a good relationship with land developers all around WA and have exclusive access to land so you can be sure we are able to obtain a block of land that will suit your needs.

Pick a house plan within your budget.

While there are plenty of house designs to choose from, it is important to make sure you choose one that falls within your budget. There are so many designs that will fit your budget so we encourage all clients to be realistic with what they can afford yet not compromise on the value that is going into the build. What we do know is that no matter what your design, you are on the right track to stop renting. We all know that rent money is dead money and why spend any more on rent when you can afford to own a home, even if it means starting with a design that fits your budget and eventually working your way up the property portfolio and building your forever home with all the bells and whistles. If you are still wondering how to get out of the rent trap, it does not get much simpler than this.

Stick to the plan and stay positive.

We are your home specialist, and we will provide you with a blueprint or a step-by-step plan of attack to achieve your goal, to stop renting and start owning a home, but you must stick to the plan. Do not get ahead of yourself just yet. We want to make sure you can own a home and sometimes following the plan will help get you there quicker. No matter what happens on this journey, stay positive and keep focused. We will do everything we can to ensure we get you what you came to us for – to get out of the rent trap. Regardless any setback, stay positive because we, at Stop Renting Perth are alongside you to help you stop renting and buy your home and we will get you there.

Leave a Reply

Your email address will not be published. Required fields are marked *