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Clever Ideas to Help You Find a More Affordable Home

There’s no doubt that homeownership is still very much part of the American Dream. And some might say it is the most significant. But for many people out there, whether they are just starting out in adulthood or struggling with low wages, it can seem impossible to get a foot on the property ladder. There are, however, a few things you can do to lower the costs of buying a home and realize your dreams. Let’s take a look at some of the bright ideas on property buying that could save you a fortune, and find the right home for you and your family.

The fixer upper

There is a price to pay if you want to move into a home where everything is perfect. In fact, a home in tip top condition can often be anything between 25-50 percent more expensive than one that needs significant improvement. The good news is that for anyone wanting to buy a home and is prepared to do a lot of work to fix it up, is that there are plenty of bargains to be had. By the time you spend a little money on making a rundown piece of real estate liveable, you will have still spent less than the market value of a similar home that is in excellent condition.

Square footage

The simple fact is that the bigger your ideal home, the more expensive it will be. There is no getting around it, so if you want to find an affordable home for your family, it might be worth considering downsizing. The square footage comes at a premium, so look for homes that are smaller in stature, but still have plenty of access to outdoor spaces and open floor plans.

The DIY option

Building a home yourself can result in savings of anything between 25-40 percent, at least. There are other ways of saving money, too, such as looking at steel buildings or cookie cutter homes from home building companies. If you are prepared to wait a while - and get your hands dirty and become a project manager -  it might be worth it. Plus, of course, you might get the chance to design your home, so it is perfect for your needs.


The address and zip code will go a long way towards adding thousands of dollars to a piece of real estate. People are prepared to pay a significant premium for those attractive addresses, which is likely to price anyone on a strict budget out of the market. Instead, look at areas that surround the most appealing zip codes. This way, you will be able to benefit from all the services that everyone else enjoys but should save some money off the asking price.

Raise a big deposit

Finally, ask around and see if anyone in your family can front you the cash to put towards a deposit. By law, your parents can ‘gift’ you up to $14,000 every year, be sure to check the laws on this, and if they both put their hands in their pockets, it can help you get the home of your dreams. As long as you arrange a repayment schedule with them, you will also be able to offer them a better rate than they enjoy with their current savings account - and everyone wins!


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