Buying a house is an expensive task. It is probably the biggest amount of money you will spend at once in your lifetime.
Unless, your name is Robert Downey Jr in which case you are probably having fun deciding which country to buy. But for the rest of us a big financial decision can put a heavy burden on our bank accounts. That is why we want to make it as cheap as possible. Here are some tips on how to do that.
Selling An Old Home?
It’s possible that you might be selling an old home to buy your new house. If that’s the case, you need to maximise the value before you sell. You can do this in lots of small ways like improving curb appeal.
Just spruce up the garden a little with some decorative features and keep it neat and tidy. Or, you can work on the inside. Buying new modern furniture gives the home the look of being more expensive than it is.
You also want to play around with the way your furniture is laid out to save on space and make it look less cluttered. By using these techniques, you can add a couple thousand on to the price you sell at which will come in handy buying your new home.
Starting From Scratch
Of course, you may not have an old home to sell. If that’s the case, your starting point is going to be finding the house you want. Greenaway Residential can help here because they specialise in finding people their dream home.
They are also a lovely little company that gives a good percent of their profits to charities. So, if you want good karma while searching for a new home they might be the right choice for you. By using their website, we imagine you will find the right house in no time.
Paying For It
Once you find the home you want, you will put down an offer. After haggling with an estate agent – not an easy task – you will hopefully get the price to the floor. That means the home will be at its most affordable and you will be ready to make the purchase.
But, you’re only going to be purchasing around five – twenty percent of the property. The rest is going to be a mortgage. If you want to make things cheaper for yourself, aim to pay a larger deposit. That way you’ll be able to access the cheaper, more attractive mortgage deals.
Get A Mortgage
Your next issue is finding the right mortgage deal, and this can be tricky if you have a bad credit record. You should find this out before you buy a house, but even if you do there are ways around it. A good mortgage broker will find the right deal for you no matter what your situation. You just have to make sure you can afford the monthly payments.
If you follow these steps, you will be able to get your new home at the cheapest possible cost. We hope you find this guide helpful.
Main Image Source