Lisa Bradley - Re/Max Vision



Posted by Lisa Bradley on 2/6/2018

If you want to buy a home in the near future, youíre going to need to really focus on the goal. Buying your first home is no small feat. There are a few habits that youíll want to start right away once you decide that youíre ready to take the plunge into homeownership. 


Make Savings Automatic


If youíre going to start saving for all of the expenses that buying a home brings, the best thing that you can do is automate your savings. The down payment is usually more money than most people can even plan for. If you have a small amount of each paycheck go into a dedicated account for the house fund, youíll be in better shape financially. You can never start saving too early or too much. The goal is to save as much as you possibly can. Put the money in a place where you wonít have easy access to it. If you donít see it, you wonít spend it! 


Check Your Credit Score


Your credit report is one of those things that canít be magically fixed. It takes some time and a little work to keep your credit score up. Youíll need to make sure that you make on-time payments each and every month. If there are any glaring mistakes on the report, youíll need to fix them, as it could take some time for any changes to show up. The most important thing is to keep your credit record clean by making on-time payments, refraining form opening too many new accounts, and paying down any outstanding debt. Once you check your credit score and see what you have to work with, youíll be in good standing in no time. 


Become A DIYer


When you move into a home, thereís a lot that may need to be done. If you can do some of the work yourself, instead of hiring contractors and other people, you may be able to save some money. This wouldnít include anything dangerous like electrical work or complicated plumbing issues. There are plenty of projects that you can safely take on in a home that will save money and keep your home in great shape. 


Learn To Budget


Owning a home can actually be cheaper than renting in some cases. If you learn to budget, factoring in things like food, utilities, and how much you spend on entertainment, youíll see how much you have to work with. See how much youíre spending and then decide where you can cut down costs from there. Youíll find more money that you can be saving towards a home. The best part about buying a home is that you own it! There is no middle man telling you what you can and cannot do in a space.




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