Updated on September 26, 2019
How To Save Money For Your Dream House
In today’s age, it is a struggle to get your dream home. The fees get higher, the mortgage has skyrocketed and the bills eat away at your savings. But that does not mean it is not impossible for it not to happen. There will always be opportunities for you to save money for your dream home – regardless of what type of house it is.
So in a bid to help you, we spoke to the leading property, townhouse and double storey home builders in Perth in Domination Homes about how they have helped people get the finances to get their dream home.
- Make An Investment
Sometimes, it is good just to get into the property market early. You don’t necessary have to buy a home to live off right off the bat, but instead invest in something to secure your future in the long term. So make an investment by spending money on a piece of land or a small property that you can sell down the line. Whether that’s an apartment or a small block of land, an investment is one step closer to getting your dream house.
- 75% Of Your Wage
The extreme way of saving for your dream house is to put away 75% of your wage every week, and living off the rest. It is hard, difficult and will suck the joy out of your life, but it will help you in securing a dream house sooner than ever.
- Start Low & Build Up
Say you go around and find two storey display homes in Perth and you want to buy one. It is in your price range, affordable and gives you the chance to grow. You can buy it and then build your home up from scratch! To get your dream home, you might have to take a hit, invest in something smaller and then building your property from the ground up. By buying a smaller property, you can focus on using the money to make adjustments to the property to get what you want.
New Land, New Dream Home
Who says that you have to buy a home right off the bat? There are other more viable options for people who struggle when it comes to getting their dream homes. One of the best ways is to purchase a new piece of land and build your house on top of it. You’ll save plenty of money on top of it all and ensure that you will be able design and construct the home you want. One of the most enjoyable ways when it comes to getting your dream house.
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