Ah, the dream of waving goodbye to your landlord once and for all. But it’s just a dream, right? Wrong! If you are paying rent each week in WA then home ownership is a huge possibility for you. We have listed the top things you can start doing now to help you live that dream sooner, so your landlord can find someone else to pay his mortgage!
Whether you’re a First Home Buyer or just sick of renting, these simple tricks will help set you up for when you decide to get the freedom of your own home.
Know your details
This seems pretty obvious but the more you know about your finances the better. Keep track of your income, savings, bills, expenses and debts. Not only will these details come in handy if and when you enquire about what you qualify for, it will also keep you accountable for your daily spending’s.
Sell before you buy
Use the many online platforms like Facebook, Marketplace and Gumtree to sell items you no longer want or need. Then buy something you really do want with the money you make!
While we all like to make ourselves feel better by browsing for lush accessories to spruce up your rental place. Try jump onto one of many Kmart Inspired Instagram accounts and see if you can substitute that $150 chunky knit throw for a sweet $30 Kmart version instead. I mean who doesn’t love a trip to Kmart for homewares?!
Yes, you might HAVE to have car insurance and health insurance but are you getting the best deals possible? Take an hour out of your day to get some online quotes for your necessities and see how much you could be saving. If you don’t check, you’ll never know.
Talk to a professional (that’s us!)
When you know you have had enough of living with your parents or renting a place you don’t love, then speak to the people who can guide you through what options are available for you. Our team will go through finance options, finding land and choosing your home design so when you’re ready, we will be too!
These tips are here to help you save while renting but also while continuing to live your best life! At the end of the day, if you have a positive mindset, everything is achievable, and our team are making it possible for renters all around Perth.
Our biggest piece of advice would be “only commit to what you can, without drastically impacting your lifestyle.”
If you’re curious about if you can afford to own your own home, take this quiz today!