A new year is here, which is a great time to set up goals for the upcoming months! This just might be the year you’re ready to make the move into your dream home. So, how do you go about making this dream a reality? There are some steps you can take to ensure that by the end of 2018, you’ll be in the home you’ve always imagined. It’s all about what works best for you, but these tips are sure to help you get your dream home within reach.
Getting organized is an important and key step in calling that dream home your own. A strategic plan will help you be able to reach your goal the way you want, without taking on too much or getting in over your head. It can be scary to create a plan for such a major move, but by having a plan, you know exactly what to do to get there. Plus, with each step, you’re that much closer!
Automate Your Down Payment Savings
Getting that down payment can be the biggest hurdle when striving for your dream home. A very easy way to help yourself in this step is to set up automatic savings. With each paycheck, set a certain amount to be automatically removed and put into a different savings account for your dream home fund. If you decided to manually save, it takes a lot of disciple and focus. If you don’t ever have access to the cash, you won’t be tempted to spend it.
Build Your Credit History and Keep It Clean
We’ve said it before and we’ll say it again – your credit is a HUGE piece of getting any home, your dream home included. Mortgage lenders will want to see proof that you have been able to pay off your past debts. Stay on top of any debts you have, including credit cards, student loans, and car loans. Show the lenders that you can make payments on time. It goes a long way when it comes to getting the mortgage approved.
Practice Living on a Budget
Living on a budget doesn’t have to be a negative thing. Analyze your spending and downsize. This will help you save more for that down payment, and at the same time pay off other debts you might have to improve your credit score. This is just one more way to get you into your dream home faster!