Once they have walked down the aisle and returned from their honeymoon, the next step many newlyweds look forward to is buying their own home together.
Though there are deals to be had in the Lapeer County real estate market, the cost of home ownership is something many newly married couples cannot instantly afford.
There are many cost cutting measures newlyweds can take that will help them save money for whatever their next big purchase might be.
*Learn To Cook*
Learning to cook is not only a rewarding lesson, but also one that can help newlyweds save a significant amount of money. Contrary to popular belief, cooking isn't terribly difficult.
*Downgrade The Apartment*
Non-married couples who live together commonly prefer 2 bedroom apartments, using the 2nd bedroom as a guest bedroom / home office. The cost of a 2 bedroom is more than a 1 bedroom, but non-married couples often feel it's worth the extra money. No matter how negligible that extra cost is, newlyweds saving for a home should consider downgrading to a 1 bedroom .
*Furnish The Home Piecemeal*
One advantage today's newlyweds have over those of yesteryear is that many live together before walking down the aisle. This means they're not really starting from scratch once they get married. A typical modern couple already has enough furniture and other household items to get by once they have moved into their new home. For those concerned about how they're going to furnish a home once they've signed on the dotted line, 1 way to cut those costs is to hang on to what you currently have and steadily buy new items 1 by 1 after you've moved in.
*Find Ways To Make Home Ownership Work*
1st time home buyers are typically shocked at the cost of home ownership. However, communities might offer a class that explains the home buying process and how best to navigate it. Some lenders even offer a lower interest rate to prospective buyers who have completed such a class.
references: home seekers guide, donsrealty.net
Comments(0)