Pre-ApprovaL:YOUR 1st Step In Buying A HomeIn many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to
EASY WAYS TO SAVE FOR A HOUSE
With our economic situation on the rise, especially out here in the Denver area, the real estate market is really bouncing back along with job rates and America's financial stability. The dream of home ownership may be something that you are now considering for the first time in years, or ever. Saving for a house can be a daunting task, whether you are somewhat new to the job market after college graduation or finally settling in to your career field.
The Storck Team found an amazing article from USA Today that we just had to share "How to Save for a House in Just 10 Simple Steps". Here are our top 3 tips for potential home buyers, but read the full article to maximize your savings. You might become a home owner in 2015 much sooner than you thought possible!
1. Create a Budget
If you have never sat down and worked out your monthly finances, it is a really simple and worthwhile activity! Start with the bills that you absolutely have to pay, like your rent and car insurance etc. You will likely be SHOCKED in how much you spend on "extra" or non-necessity items like eating out or shopping. Take it a step further and review your bank and credit card statements to see where the "extra funds" are currently going. Then make a limit into your budget for these fun and non necessity items, going cold turkey on your favorite restaurant or activity is not feasible so be realistic and stick to it!!
2. Separate Your "House Fund" Savings Account
A common mistake with most savers is that they pool all of their savings into one account. Whether that be a separate savings account at you regular financial institution or all of your money standing in your checking account, it needs to be separate if you have one big goal in mind. For the disciplined saver, you might be able to get away with opening a secondary account at your financial institution specified toward your house fund. For those savers like me that just can't help it, you might want to look into an alternative like an online account or something at a credit union separate from your operating daily funds.
3. Simply Work a Little More
To "spend less" is usually pretty obvious to most of us trying to save money. Have you thought of working a little more until you achieve your goal? If available at your job, like a server or employment that offers optional overtime, pick up those extra shifts! Otherwise you might be able to work over the weekends, people are always looking for a little help!
Tatyana Sturm and The Storck Team have 10 years experience in Denver Metro real estate and have helped buyers in many different walks of life with finding their new home from the first time home buyer to seasoned investors all across Colorado. We have a true passion around finding you the best home for your lifestyle. Please call or text The Storck Team at (720) 350-5909 or email us at [email protected]dtc.com to start your home buying process with a knowledgeable and trustworthy real estate professional.
Tatyana truly understands the dynamics of selling homes in the Denver Metro real estate market and is an expert at educating her clients so they can make the best and informed decisions for their need....
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