On November 28th, 2006, a random Tuesday afternoon, my beloved boyfriend became my beloved fiancé! I immediately started planning for our big day. Being the Type A person I am, I practically had the whole thing planned within a month! The one thing that we didn't have to worry about, however, was buying our first home.
I already own a cute a little bungalow in the Waldo area of Kansas City and even though it is a small house, the payments are low, the area is safe and it will offer us a little financial wiggle room as we build a great foundation for our marriage- and pay down our hefty student loans!
Some newlyweds are not going to have it so easy. On top of having to consolidate bank accounts, possessions and learning to live together for the first time, a lot of them are going to make that first step into buying their first home.
From one newlywed to another, here are some things to consider:
1. Don't get in over your head. I personally believe (and so does my fiancé) that it is better to live modestly for the first few years of our marriage, so that we can better position ourselves for our future. Unless you are just rolling in the dough, a $250,000 home may not be the best choice.
2. Separately, sit down and write out all the things that are important to you in a home. Do you want a big kitchen? Must the house have walk in closets? Once you have written down those things, come together and discuss what you are willing to compromise on and what you are not.
***This next one is for the girls only***
3. Let him have his own room or special area in the house. I only say this because I have seen some of my fiancé's things and, well, lets just say that I'm not too sure I want his Marvel Comic's poster hanging in our bedroom. I have agreed that he can take the spare room as his "Boy Palace" as long as he leaves the rest of the decorating up to me!
Even if it is a $50,000 fixer-upper, I would be honored to help you find it, because no matter what the price, a first home is something very special.