I cannot believe it’s just over a month till we move into our own place. We’re finally paying towards our own home rather than paying for someone else’s mortgage and it feels SO GOOD. It’s a sobering moment though when you realise you’ve probably paid nearly £20,000 into someone else’s pocket over the few years you’ve been living in London. But hey, all that’s behind us now because we’ve finally got the opportunity to buy a brand new home.
I think it’s tough for our generation to get onto the property ladder and I think if we didn’t have Help To Buy to part fund our deposit, we’d be saving our money for a lot longer.
However buying a house isn’t cheap, especially when you are starting from scratch furniture wise. When you’re renting, this is something you don’t think about but suddenly we now find ourselves needing a bed, a sofa, dining tables and chairs, the list goes on forever. I think by buying a new development property, we’ve avoided the added expense of painting walls, laying down carpet etc.
Although, this girl is still dreaming about her forever home. Bi-folding doors looking out onto acres of land, multiple bathrooms and bedrooms, a roaring fire place. Well a girl can dream can’t she? Pinterest is turning out to be quite the inspiration. Anyway, I thought it might be useful to share my budgeting tips for moving into a new home.
You can save money
Money can be saved. Whenever someone tells me that’s not possible, I often raise an eyebrow because back at university I would have probably said the same thing. Yet, if I sat down and looked at my monthly outgoings, I could probably cut down a lot and therefore save money. For example, food prepping your meals can save you hundreds of pounds. Go to the gym? Why not freeze your gym membership for a while and perhaps bring your social outings back home instead by cooking dinner and having a movie night.
Take an evening to sit down, assess your outgoings and make cuts where you can. You’ll probably be surprised by how much you can save.
It’s a work in progress
Our two best friends (who are now together – I know, crazy) have just bought their own place too and Hannah described their home as a ‘work in progress‘. They could probably buy everything they needed right away but then that takes away the enjoyable process of filling a home which I think is very important, especially with a first-time buy.
Also I feel it would stop us from hastily buying stuff that we’d later regret buying.
Categorise and proritise what’s needed first
This brings me onto my next point which is categorising everything you need to buy and proritising what’s needed first. This has a name but I can’t remember it for the life of me, but we’ve actually expanded on it a little. So we’ve organised this by room and each one has these four categories,
- Very Important – Need Right Away
- Important – Need Soon
- Not Important – Would Like Soon
- Things To Get In Future
This has helped us greatly with figuring out everything that we need but organising it so we don’t buy everything all at once. This is something we’ll be taking out with us as a shopping list when we begin buying more stuff.
Invest in quality
Yes a Dyson Cordless Hoover is expensive AF but will it last for years? Yes. Will it’s cordless feature and on-the-wall charging unit make it so much more easier for us to clean and store away? HELL YASSSS. I would much rather pay now for a higher quality product than buy something cheap for it only need replacing every year, costing us more money in the long run.
Are you currently budgeting for a house? Or even just trying to save money? Let me know your tips in the comments below.
*Disclaimer – This is a collaboration with Direct Bi-Fold Doors. All words are my own.