Understand the Total Cost:
Before setting a budget, it's essential to understand the total cost of purchasing a new build home. Beyond the purchase price, consider additional expenses such as legal fees, home insurance, and any customisation options you might want to add to your new home.
Determine Your Financial Capacity:
Evaluate your financial situation realistically. Determine how much you can afford to spend without straining your finances. Take into account your income, existing debts, and monthly expenses. Mortgage calculators can help you estimate your monthly mortgage payments, aiding in better budgeting.