Nothing can be more exciting than building your new home, however, before you just dive in head first into the shark tank, there are several things that you should consider before doing anything. Below is a list of things that every new home buyer should take into consideration. 

#1 Consider pre-approval for financing before looking for a home - Knowing exactly what you can qualify for puts you in a much better situation when it comes to getting the home you want. So, getting pre-approved would definitely be a really good idea. 

#2  Make sure that your credit report is clean - When you are on the make for a new home you want to be sure that your credit report shows that you are a responsible and worthy of being loaned the money to make your home purchase. 

#3 Be sure to budget for more than the purchase price of the home - Far too often new home buyers only think about the amount of monthly home payment they can afford and don't think about the other associated expenses that they will incur.  

#4 Know upfront whether you are wanting new or old - You need to realize if you wanting a house to be exactly the way you want it you should think twice about purchasing a used home to renovate it to look like you want it. The possibility that the cost just might be higher to renovate versus building new. 

#5 Be sure to leave emotions out on decision day - Be sure that before you make the final decision on making a major purchase like buying a home that you consider whether it is a good decision or not and leave the emotion out of the purchase and make the best choice. 

#6 Think carefully about getting a house that may be too big - Be careful not to choose the larger house unless you have completely thought it out. The larger house may not represent the best value for your money. 

#7 When it comes to building a new home, always work with experienced builders - When you are looking to build a new home, be sure to work with only trustworthy and experienced builders. 

#8 Be sure to thoroughly check out the neighborhood where you are building your home - Be sure to remember that you investigate the community as a whole surrounding the property that you will be building the new house on. Check out the local district, emergency services, and shopping accessibility. 

#9 Don't over analyze the housing market and wait too long to purchase a home - The timing is not always going to be perfect, there could always be a better time for you to make a purchase like a home. Don't make yourself crazy and over analyze the market. 

#10 Always look at display villages before you settle on building a new house - Always take your time in narrowing down your choices and even look at the properties at different times of the day to ensure that you get each of them in their best light. 

For more information about buying a new home in Perth, check out B1 Homes.