Buying a house is a very expensive experience. With your standards ultimately being so high for your own living space, it can make it hard to stay within the set price range and this can lead to disappointment after eventually having to ‘settle’ for something less. Luckily, there are several things that you can do which will help you to save money when purchasing your next home, and they couldn’t be simpler to implement into your search. If you’re interested in discovering some savvy tips and would like to know more, then read on to uncover what you can do today to stay within budget!
Consider A Property That Needs Renovation Work
The difference in price between a fully furnished home and one that is empty and in need of a small amount of work is huge. Considering properties that need a little bit of renovation could save you thousands, and it may only take hundreds to fix the place up. When you go to view these kinds of houses, always be as open minded as possible. Try to picture the space as an opportunity, and envision the wonders that could be created with this blank canvas. Approach a professional for any work that may require extensive knowledge such as electrical or plumbing, but aim to complete the rest yourself to save the most money possible. It’s so easy to find DIY tutorials online, and there are countless step by step guides to most household renovation tasks.
Check The Date
Though you may not believe it, the date has a big effect on the price of a house. For example, if a property has been on the market for longer than 9 months, they’re much more likely to be willing to negotiate and accept a lower offer than compared to a new home posted just this week. As well as this, there are high and low seasons – figuring out the low season will really work to your advantage!
Research Some Alternative Ideas
If your budget is not enough to make a sound purchase yet you would still like to invest in something worthwhile, there are several schemes available that may just help you to achieve your goal. It’s said that new build homes are perfect for first-time buyers when you take the route of ‘help to buy’ thats backed by the government. This way you can spend what you have on a deposit, and pay a reduced percentage mortgage in the future. For something a little more outlandish, search for a plot of land instead of an actual property, and then order your very own flat pack home. They can come in at less than a third of the price of their brick counterparts, yet offer many of the same features. Ensure that you have planning permission before you start to build, else you may encounter a fine that blows your budget out of the water.
With any luck these tips can help you to save up for your deposit and find your dream home for the best price possible.