Survival is all about making it through a tough time and getting through these tough times as healthy, stress-free and financially secure as possible. Any homeowner can tell you that the first few months after buying a new home is extremely challenging. You need to adapt your lifestyle to the new responsibility of being a homeowner and to all of the other expenses that are associated with having your own home. There is the expensive mortgage fee to cover, a much higher water and electricity bill, gardening that you need to start doing, home chores, cleaning, insurance bills to cover, and much more. Plenty of home owners regret their decision to buy instead of renting simply because it is so hard to survive and adapt to these changes.
Here are a few tips to help you survive your first few months as a homeowner much more smoothly.
Consider buying condo
Condos are much more affordable than the average home which makes it much easier to adapt as a new homeowner. Check out these affordable E Condo Prices and you will be amazed at how affordable these luxury apartments can be. Your monthly mortgage fee is a lot lower and then there are other benefits as well, like the following;
– You don’t need home insurance
– Security is already covered
– No home maintenance requirements
– No garden maintenance requirements
– Lower electricity and water bills
– More affordable to get around since you are centrally located
– You can get around without a car
All of these amazing benefits make it much more affordable to own your very own home and many of these benefits contribute to a much easier and more comfortable new life.
Don’t subscribe anywhere for the next six months
It will take about six months to get used to your new home and the new way of living. It is important not to be tempted to join the gym or sign up for dance lessons during this time. That way you can easily establish what your budget is and you can learn where to cut and where to minimize so you will have more spending money available to you or so you can at least afford your mortgage without affecting your everyday lifestyle.
It is important to draw up a budget so you will know exactly where you stand. Unexpected payments or expenses are the worst and can result in you plummeting into bad debt.
Get your priorities straight
It is important to prioritize the most important things in your life. Your mortgage fee, health insurance, and food, for example, should be at the top of your list, followed by extras like home décor and homeware.
Think before you spend
It is always exciting to go on a shopping spree for your new home but this is dangerous territory. Take your time and evaluate what you want your home to look like before you buy anything. This will keep you from buying unnecessary homeware that is only going to cluster. It can be a good idea to draw up a design for each room and to stick to this design so your money will be applied towards a specific image goal and not just randomly.
These are just a few of the many tips that can help you survive your first few months as a homeowner much smoother and to help you stay out of debt.