Skip to main content

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.

Address

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!

Comments

Popular posts from this blog

Prilosec OTC $25 Rebate plus a $100 AMEX Giveaway

Hey Neighbors! Do you suffer from heartburn? I do sometimes. I personally can not eat really spicy foods. Problem? I LOVE MEXICAN! So does my whole family. My husband enjoys really spicy foods and sometimes suffers from it. Solution? Have you heard about Prilosec OTC? If not perhaps you would like to try it. Prilosec OTC has a special offer going on right now through February 15th. Buy 2 Prilosec OTC and get $25 back. Now, I personally have not tried Prilosec OTC yet. But according to the site: "How and Why Prilosec OTC® Works Prilosec OTC Blocks Heartburn When you eat, millions of tiny pumps in your stomach lining create acid to break down food. Normally your lower esophageal sphincter (LES) works as a door, opening and closing to let food pass from your esophagus HEARTBURN GLOSSARY Esophagus: Tube connecting the mouth to the stomach; a passageway for food; part of the digestive

What To Do About Those Fuzzy Uninvited Guests In The Home

When we talk about pests in the home, the most common that we tend to deal with are the creepy-crawlies that find their way in. Ants, termites, and spiders, for instance. Occasionally though, you have a real chance of getting a much bigger, fuzzier unwanted guest in the home. What do you do about the fact your home is at risk of becoming a wildlife sanctuary for some truly unhealthy and even dangerous beasts? Picture by Alexas_Fotos Know the signs It doesn’t matter if you’re in a suburban home, a country cottage, or a fourth-floor apartment. Some animals can find their way just about anywhere. It’s worth knowing the signs of pest infestation so you can confirm it and act on it immediately. Spotting droppings, keeping an ear out for scratching, and looking for signs of nesting like shredded paper, scrunched leaves, and grass clippings around the home without explanation can help you start fighting back. Picture by wolfgang_vodt Cleanliness is key If there’s

Walmart Box Tops for Education $25 Walmart GC Giveaway!

Hi Neighbors, Looking towards the beginning of school, Walmart is promoting their Box Tops for Education. Starting in mid July you will be able to find 70 participating products that each have 4 box tops. So be sure to shop your local Walmart to help raise funds for your local school. Purchase General Mills products like; Cheerios, Nature Valley and Yoplait. Box Tops for Education has helped America's schools earn over $400 million since 1996. Box Tops also has ways to earn more for your school online. You can even follow your schools progress here. Make sure you stop by and register, so you can support your school online. Another rally nice attraction on the website is a list of recipes using the General Mills products. Walmart and Blog Spark have partnered together to bring you this information as well as give one winner a $25 Walmart Gift Card. I already received mine! You can use the card to purchase products with Box Tops for Education, or perhaps you have som