Five upfront costs you need to know before building

Have you found a block of land?

Are you keen to access the new Home Builder Scheme?

Before you commit to anything, make sure you have enough in reserve for the following:

Five upfront costs (on top of your deposit)

1. Loan application fees – These fees can vary depending on your lender and is a one-off payment. Many financial intuitions will waive this fee but do your homework with regards to interest rates and ongoing fees.

2. Lender’s mortgage insurance (LMI) – if you have a deposit of less than 20% you may have to pay LMI. This exists to protect your lender if you can’t pay the loan. You may be eligible for the First Home Loan Deposit Scheme which assists first home buyers with a deposit of as little as 5 % (new places becoming available from 1 July 2020).

3. Legal and conveyancing fees – this is paid to the solicitor or conveyancer who prepares the necessary documents and conducts the settlement process.

4. The ‘extras’ which are often not included in the contract like a letterbox, roller blinds, water tanks and landscaping etc. At Triple Zero Property we guarantee all this is included in a fixed-price contract.

5. Moving costs – this will depend on how good your mates are! Sometimes it is absolutely necessary to hire professional movers.


Saving and pulling together a deposit isn’t easy. Just make sure you have a buffer to cover these extras costs.

Need help?

Buying a home is a complex process, that is why hundreds of families over the past 12 years have used our service. At Triple Zero Property we guide you through the process of buying land and building your home, ensuring you have a quality build within your budget. We offer a free service and would love to chat with you about your goals and how we can assist you.

Want to know how we have helped other first home buyers?First Home Buyer Journey

For more information, such as our first home buyers guide email invest@triplezeroproperty.com.

Disclaimer: The content of this document is not to be considered specific advice. Your situation is specific and individual; as such, you should always consult a registered and qualified professional within a particular area of advice needed.


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