How to save for your new home in Birmingham
Saving for your new home is tough and the rising cost of living isn’t making the task any easier. Whether you’re a first-time buyer or an experienced homeowner, the same struggles arise.
That’s why we’re giving you some helpful tips and tricks.
Donate or sell your clutter
Letting go of your things can be tough. Some hold sentimental importance, some you just like the look of, so how do you decide what to throw out? It’s simple: if you don’t absolutely need something and could make some money from it, sell it.
There are lots of selling platforms online, and they’re a quick and easy way to make money. The numbers soon add up, it helps you evaluate what you need ahead of the move, and you can put all the earnings towards your budget for essentials for your new home.
Keep an eye on your spending
We all have the habit of spending money on things we don’t need, and this is one of the worst things to do if you’re looking to save. See something you like in a shop window? Wait a few days and think if you already need it. Friends invite you on a night out? Get them over to yours for a couple. Want a takeaway? Raid in the fridge – meal prepping is healthier, time-efficient and saves a lot of money!
We don’t want to sound sanctimonious and we know everyone deserves a little treat every now and again but keeping an eye on your budget will really help you save up!
Ask friends and family
Everyone gets presents they never touch, so why not think outside the box by starting a savings account and asking your friends and family to transfer money on special occasions? it doesn’t have to be a huge amount, every little helps, and they’d probably rather contribute to something meaningful than go through the trouble of choosing a gift.
Whilst on savings accounts, make sure you do your research and find the one with the best interest rate and deal for you.
Maximise your current property’s value
If you’re lucky enough to already be on the ladder, giving your home a facelift before you contact agents to bring it to the market will raise the asking price in an instant. When buyers book viewings, they want to arrive at a property that makes them think ‘wow, this is the place for me’, and they won’t back down from the competition if they really want a property – first impressions really do count. You can make thousands if you get it right!
Are you looking to buy a property in Birmingham or the Midlands? Need to sell a property first? Call your local John Shepherd estate agents today and we’ll help you make new memories in no time! You can find the details for your local branch right here.