Is Coral Homes a scam? Is it the best builder to go with?
You should be reading customer reviews of Coral Homes to see if you should engage them. After all, building a home will cost you a large proportion of life savings.
To be transparent, I’m NOT an affiliate of Coral Homes. So you can be sure that my opinions are unbiased.
In this Coral Homes review, I’m going to cover the following to help you make a judgment. I will also introduce the best way to pay off mortgage early at the end of this article:
Coral Homes Review
Coral Homes is a builder based in Varsity Lakes. It has over 30 years of experience in building new homes.
Since building a home is a challenging task, it’s important to find a builder who actually follows through on their promises.
When you look up the customer reviews of Coral Homes online, there are some negative ones. But that’s not uncommon because people generally have a very high expectations about their home.
People are easily irritated even with minor issues. After all, most people’s life savings are invested in their home. Therefore, you can see quite a lot of negative online reviews for most building companies.
At the time of writing, on productreview.com.au, Coral Homes has a rating of 4.5 out of 5. That is pretty high in the industry. The industry average is just a 3.5-star rating online.
When comparing with other builders, Coral Homes is not very expensive.You do get good value for what you pay.
Building a home is always a challenging thing in life. If this is your first time, you will be very confused about the process.
Luckily, Coral Homes has a comprehensive guide of the building process that can help you do the planning. You can visit their display centre to find some inspiration for your home and discuss your requirements with their consultants.
Is Coral Homes a Scam?
Coral Homes is not a scam. They have a good reputation in the industry. So if you want to build a home, Coral Homes is a good choice.
However, building a home is like property investment. There is investment risk involved.
Many people think it is a good idea to invest money in real estate. But the returns on investment for real estate have decreased over the years.
Besides, property investment requires a lot of capital and it takes a long time to pay off the mortgage loan.
It’s as risky as stock trading when a lot of your money is locked in the land which has low liquidity. In case you need an emergency fund, you’ll be in trouble.
Many people like doing property investment to generate passive income for retirement, but that’s not a good idea because of the risk involved.
If you don’t want to bear risk, there is a better alternative to make passive income for retirement.
In recent decades, the world has changed a lot due to the Internet. There are many opportunities to make money online. In other words, you don’t have to rely on traditional ways to make money. Building a digital asset is a better way to generate passive income.
While the real estate market is volatile, a digital asset can always give you a stable stream of cash flow. Usually, it only takes 1-2 years to build a very successful online business.
And if you still decide to build a home now, I also recommend you to build a digital asset to pay for your mortgage loan early. That way, your risk will be largely reduced.
In the next section, I will introduce the easiest online business model you can start today.
The Best Alternative to Make Passive Income
If you want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.