Newlyweds equate to over half of the first-time homebuyers saying "I do" to their dream homes. It makes sense! When you put two hearts together, the time comes to find a home to nourish that love. A home that brings two of your places together and makes it one. If you and your spouse are ready to fall in love with the perfect house together, here are five tips to make sure the process goes smoothly and that you come prepared.
YOUR WEDDING BUDGET: Your wedding is a one-time event that shouldn't be less than what you'd imagine. It is a beautiful time to put all of your dreams together. However, it is best to sit down and find out ways to shift the budget to help with your down payment for a home if you plan to purchase. In my previous work as a wedding planner, my couples spent nearly three times the national average of $20K. Even a savings of $5000 from your wedding budget can help with owning the perfect home.
WEDDING GIFTS: Let's admit, one of our favorite times during the wedding season is all of the gifts that come pouring in! Have any friends or family pitching in cash? Save that to put towards your down payment. Depending on the generosity of your gifts, you can even open an account dedicated to your down payment that friends and family can gift to - or register for a down payment on your future home (The Knot Cash Fund)
GET PRE-APPROVED: One of the least brought up conversations in relationships is the credit and financial history of your soon-to-be spouse. Work with a lender to go over your credit history to know what needs to occur to put you in a position to own a home jointly. In some cases, only one person can get approved, while the other can't. If you want to put both of your incomes toward the cost of the house you want, talking to a lender early on can ensure you are prepared to make the right moves.
THE RIGHT AGENT: That's where I come in! For starters, I can connect you with a lender to ensure you are being watched over from the best recommendations. It is an absolute joy to take the stress out of buying a home for my newlywed couples. Believe me; I know how stressful, although joyous, a wedding can be. To then jump into buying a house shortly after, well, it is certainly a lot to get through. I can guide you through all of the steps to make sure you end up with a house you love. Just think of me as a wedding planner, but for homes.
NOW THERE'S TWO: Although some spouses are a match made in heaven, loving and adoring the same things, often that is not the case. You are each still your person and have your tastes. This is where the first step to comprise begins - spending a fair bit of money on a place you both will love and call home. A happy marriage starts with a happy home, so be sure you both are considerate of each other's wants and needs in style and location, so you both are satisfied with the home you end up getting.
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