Throughout the years stepping on to the first rung of the housing ladder has always been a big step to take, taking the decision to buy your first home for many people generally means leaving the relative comfort of their parents home for the first time as well as taking on a responsibility way greater than anything they have encountered before, that of paying their own bills and a mortgage. Add to these points the reality that in many cases the person in question will be setting up the home with a partner which can be fraught with all sorts of teething troubles. All in all it can be a very stressful time, not just the decision making process but also the move itself as well as the first few months of getting settled into a new way of life. So what can you do to make the transition as smooth as possible from parental home life to independent own home life?
Through the whole process and stress involved with moving into your own home the important thing to remember is that it will never get any easier or cheaper to buy your own home as well as remembering that you will be totally independent and the master of your own destiny when you finally own your own home. The first important step to take is to decide how much you can afford to spend on a house, the way the money markets are at the moment it would be a wise move to err on the side of caution and bear in mind that interest rates could well go up again making any mortgage payments more expensive. You should always budget comfortably and never set yourself a budget that you can just scrape inside every month. One thing that owning your own home does teach you is to always budget for the unexpected.
It is important to remember that living in your own home will allow you more freedom than before but it is also remembering that independence does come at a price. You a period of time you may well find yourself not being able to lead the same life that you lived previously with nights out being curtailed until you find a happy medium between expenditure and income. Buying the house is just the start of a very expensive journey, remember that you have to furnish your home, heat your home as well as be able to afford to eat. I would advise making a budget for how much you can spend on furnishing your home and then making a monthly budget to include heating and living expenses, anything left over from that needs to proportion into some for savings and some for relaxation and personal enjoyment. It is important to allow yourself a little free money each month so you can treat yourself, as the old saying goes "all work and no play makes Jack a dull boy".
Before we buy our home we all have an idea what we want it to look like inside, how it is decorated and how it is furnished. The decoration part is not so difficult to achieve as we can generally get a color scheme to match our ideas but when it comes to furnishing it can be a different story. You may get lucky and get the offer of some old furniture from friends and family, my advise to you would be to take as much furniture as is offered to you as this will save you a lot of money in the long run as well as giving you some breathing space before you need to go out and buy the furniture you really would have chosen. The benefit of taking second hand furniture from friends and family is that it also frees up a little more cash for the furniture that you may have set your heart on, a new bed for instance. It is always nice in your first home to have one room that you have completely furnished yourself so you have a goal to aim for the rest of the house as well as an idea of what you would like your house to look like.
Depending on what your budget is you can generally find some really good discount furniture if you spend a little time surfing the inter web for ideas as well as spending an afternoon one weekend visiting a few discount furniture stores. Many of the discount furniture stores will even offer a discount if you explain to them that you are a first time buyer and looking to buy all your furniture from them, remember the old adage "if you do not ask you do not get". Be cheeky enough to ask and you may well get your furniture at a super discount furniture price, allowing you a little extra money to treat yourself.
If you are brave enough to make that first step and get on the housing ladder the rewards can be great, as long as you take it all step by step and do not over stretch yourself. Before you make the move just remind yourself how stressful it will all be but also remind yourself that it will all be worthwhile in the end.
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Harwood E Woodpecker
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