Matthew Walsh - RE/MAX Welcome Home | Raynham Taunton Easton Dighton Attleboro Dartmouth Real Estate


Buying a home will likely be one of the largest financial decisions you will make in your lifetime. While this may seem scary at first, it’s worth noting that buying a home can also be a valuable financial investment.

When it comes to preparing to buy a home, many people just wait until they run out of room in their apartment before deciding that they need to upgrade to a home. A better approach, however, would be to start planning for your first home a year or more in advance.

Saving for a down payment is a vital step to making the best long-term financial decision. A larger down payment can help you pay off your home sooner, pay thousands or tens of thousands less in interest, and start using your home equity as an asset.

But, saving for a down payment is easier said than done. So, in this post, we’re going to talk about some of the ways you can aggressively save for a down payment so that, when the time comes, you can achieve long-term financial security from your investment.

Setting your savings goals

The first thing you should be thinking about when saving for a down payment is what your goals are in a home. Setting realistic goals in this phase will make saving for your down payment more feasible and less discouraging.

Think about what you really need from a home at this point in your life and compromise where you can.

Remember that on top of your monthly mortgage payments, you’ll likely also be paying for taxes, insurance, utilities, homeowners association fees, and more.

Save on a timeline

When setting your savings goal, make sure you’re aware of the timeframe you’re working with. If you want to buy a home next year, you’ll need to focus on short-term savings options. However, if you’re okay with renting for the next 5 years, investing your money could be a better option.

Lock away your savings

Treat your down payment savings like an emergency fund. Open a separate account, automatically deposit a portion of your pay into the account, and never withdraw from it. To do this, you will, of course, need to already have an emergency fund with a month’s expenses in it.

However, once you’ve established your emergency fund, start immediately depositing into your savings account.

Pay off credit cards

It may seem like saving for a down payment is more pressing than paying off old debt. However, the numbers will show that making interest payments on your credit cards is essentially throwing away money that could have been used toward your down payment savings.

Adjust your spending habits

While it isn’t easy to start spending less once you’ve built a standard of living, there are ways to spend less money and still lead a fulfilling life. Think about where your money goes each month, including bills and services you might pay for.

Now could be the best time to cut the cord and start using a service like Hulu to save $50 or more each month.

Time for a raise?

If it’s been some time since your last pay raise, now could be an ideal time to speak with your employer. To improve your chances of success, don’t discuss reasons outside of work that might be influencing your decision to ask for a raise (such as saving for a down payment). Rather, back up your request with evidence of your accomplishments at work.



274 S Worcester St, Norton, MA 02766

Single-Family

$217,000
Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Single Family located in a good location with over 2 acres of land. Home is charming with many characteristics. Home needs work but well worth investment. Large garage, open floor plan and good sized bedrooms. Buyer is responsible for ALL inspections, including smokes. AS-IS, AS-SEEN.
Open House
No scheduled Open Houses




Having lived in several tiny apartments, I know firsthand the struggle of having a cluttered bedroom. The bedroom is the room of your home you'll probably spend the most time in. You sleep there, get dressed there, and it's where you go to unwind before bed. It also houses some large furniture items: your bed, your clothing storage, and maybe even a desk or television. However, there are ways to declutter your bedroom to make it feel more minimal, open, and spacious. In this article, we'll go over some of the ways you can arrange, paint, and decorate your bedroom to create space and build a more open and comfortable environment.

1. Colors are important

Interior decorators will tell you all about the need for light colors to make a room feel spacious. We naturally associate darkness with closed spaces--a shady patch of wood, a dark cave--whereas bright spaces tend to be much more spacious--a sprawling field or open body of water. To emulate this openness indoors, decorate your home like you would find in a field. Keep the darker colors lower to the ground like the dirt and grass in a field, and the lighter colors up higher on the walls and ceiling, like the sky above.

2. Mirrors make a difference

Most people know about the mirror trick to adding space in a room. However, the location and size of the mirror also matter. One tiny mirror in the corner of a room won't make much of a difference. However, grouping mirrors together, especially vertically from floor to ceiling, will make the bed room appear much larger, plus you'll be able to use the mirrors while getting dressed in the morning.

3. Use storage furniture

A bed frame, desk, or ottoman with storage space will allow you to keep objects out of sight and help declutter the room. For best results, use furniture items that are light in color or paint them a slightly different shade of the color of your walls.

4. Modular furniture

Modular furniture is minimal and can be built to fit your needs. With modular furniture you won't ever have more drawers in your dresser than you need. If you want a desk in your bedroom, you can buy a fold-up wall mounted desk that helps clear up room when not in use.

5. Store inside, not on top

Bedrooms tend to accumulate a lot of clutter. Before I got rid of my bedside table it was usually covered with any range of items--keys, water bottle, opened mail, pens, etc. However, now that I store everything in a bedroom drawer, I don't have to worry about those items being visible and making the room feel cluttered.

6. Ditch the big bed

Mattresses and bed frames have come a long way in recent years when it comes to minimalism. Since your bed is probably the largest item in your bedroom, it is the most important item to change if you really want to make the room more spacious. The obvious solution is to buy a smaller sized bed. However, if that isn't an option there are also many slim mattresses and bed frames with a sleek, minimalist look.

Welcome Home to this spacious sun filled 4BR, 1BA home in great north end location. Hardwood floors throughout. Large open kitchen with dining area and breakfast bar, with plenty of cabinet storage. Large open living room with with wood burning fireplace and tons of light. Large master on the first floor boasting two closets. Beautifully updated bath featuring an upgraded vanity and tile shower and floor. 2 additional bedrooms on the second floor with hardwood floors. If you like to entertain, not only does the home's layout provide great flow, the large yard with storage shed is sure to please. Windows and doors were updated in 2013. High efficiency furnace and tankless on demand hot water was updated in 2015. All you need to do is unpack! First showings at the open house Sunday 9/16/18 11-12:30

More Info on this Property | New Listing Alerts


56 Jarry Street, New Bedford, MA 02745

Single-Family

$249,900
Price

6
Rooms
4
Beds
1
Baths
Welcome Home to this spacious sun filled 4BR, 1BA home in great north end location. Hardwood floors throughout. Large open kitchen with dining area and breakfast bar, with plenty of cabinet storage. Large open living room with with wood burning fireplace and tons of light. Large master on the first floor boasting two closets. Beautifully updated bath featuring an upgraded vanity and tile shower and floor. 2 additional bedrooms on the second floor with hardwood floors. If you like to entertain, not only does the home's layout provide great flow, the large yard with storage shed is sure to please. Windows and doors were updated in 2013. High efficiency furnace and tankless on demand hot water was updated in 2015. All you need to do is unpack! First showings at the open house Sunday 9/16/18 11-12:30
Open House
Sunday
September 16 at 11:00 AM to 12:30 PM
Come see this beautiful home. First floor master. Many updates!
Cannot make the Open Houses?
Location: 56 Jarry Street, New Bedford, MA 02745    Get Directions

Similar Properties





Loading