No New Year’s Resolutions; just one big GOAL!
I turn 30 on the 8th June this year and my goal is to be a homeowner by then! My partner and I have been saving for what feels like forever and we are finally on the cusp of buying our first home!
If you’ve read any of my previous posts you’ll know I like to save money whenever possible. I’m now putting my thrifty ways into overdrive to save as much as possible in the run up to buying a property. We want to be able to get as much for our money as possible so having as much cash as we can will mean we can stretch our budget if needed.
We are ideally looking for a three bed semi-detached house with off-road parking, a garden and room to extend… Not your average first time buyer property! We figured that we might as well buy somewhere that we can grow into rather than having to move again a few years down the line. Living in the north means this is achievable on our budget of £130,000-£150,000.
We are extremely excited but we do have some concerns and hurdles to overcome, one of which is Brexit! Knowing that we are set to leave the EU in March next year leaves us worrying about the state of the economy over the next few years. As a result, we are looking at getting a fixed rate mortgage for 3 or even 5 years. This means we will have a slightly higher rate on the mortgage but it will give us a bit of security knowing our repayments won’t be affected if anything drastic does happen.
I highly anticipate that the next few months are going to be stressful at times but I’m excited that all our hard work is finally paying off. We have lots of viewings on the horizon and hopefully we will find the house for us meaning we can enter our 30’s with a bit more security and a huge life goal achieved.
Until we find the one I’ll keep you up to date with our progress as well as the usual bargains I’ve found. I’m off to trawl Rightmove now to see what’s new to the market.
Have a great weekend!
Thrifty Clair x
2 thoughts on “2018 Goals!”
Great news, Clair, to hear you’re on track for your goal!
Fixed rate is def best option right now, but as a new home-owner, it’s good for your budgeting to know exactly where you’re at.
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Thanks 😊 the saving process has been so long I’ve had plenty of time to work out how much we can/can’t afford and how much we’re willing to pay. Hopefully we will be able to find the right property at the right price and get a decent fixed rate.