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Make Your £££ Go Further On Your Next Property 🤑

If you are adding a property to your portfolio, or you are just simply moving house, you can be sure that you are going to need to think about the financial side of things as soon as possible. The better you are able to manage this, the more likely it is that you will be able to make the most of it, and the less likely you are to end up having to worry about what your money is doing or where you are going to live.

The truth is that there are many ways to ensure that you are making the most of your money, and as long as you take a look at just some of them at least, you should be able to improve your situation massively. We’ve done heaps of research, as we plan our next move after we get back from our honeymoon. Here’s best ways to make your money go further on your next property, no matter what kind of personal situation you might be in.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Save Up Early

One of the simplest and best things you can do here is to simply make sure that you are saving your money as early as possible. If you can do that, you should be able to make sure that you are going to make much more of what you have, and be much more likely to get a property you are really happy with as well.

Saving money is something that a lot of people find incredibly hard to do, and generally you will need to make sure that you are going to approach it from ass many angles as possible if you really want to make it work as well as possible for you. Let’s take a look at some of the many ways in which you can save up money. Remember: even the small savings add up to make a huge difference.

For a start, you can easily start saving by thinking about some of the smaller expenses in your life which you can cut down on. Everything, from your mobile phone contract to your grocery bill, can be sliced or halved if you know what you are doing. More often than not, it’s about using your common sense and not allowing the problem to worsen. As long as you know what to do here, you will find that saving money is actually very easy.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

You should also think about the larger things, as although the smaller things do save up a lot over time, it is equally as true that the larger savings are going to make an even bigger difference. By saving up early for your next property, you can be sure that it is going to be that much easier. Both in terms of the property itself and all of the various costs associated with moving house, you can be sure that saving money is going to make a huge difference on the whole.

Choose Your Property Wisely

It goes without saying that the property itself makes a huge difference to whether or not you are going to be able to keep your finances in tact. There is always the possibility of ensuring that you save money by simply going for a property which is not going to cost you as much, and that is one of the biggest things that you will want to think about.

Choosing your property is something that takes time anyway, and the price is just going to be one of many concerns you are looking out for. But as long as you manage to keep your wits about you, you should find a property that is not going to cost you too much, and which you can hopefully enjoy living in as well. Getting this balance right is always going to be important, so make sure that you are doing whatever you can to make sure it happens.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

When you are choosing your property, you should also try to be aware of the different kinds of costs that might be associated with it. Things like the type of heating and whether or not there is a water meter will make a difference to your finances in the long term, so you will benefit from considering these issues as best as you can. As long as you do that, you will find that you can make your money go much further, and that you won’t have overlooked any of the important details. This will men\ you are in a much better situation on the whole.

The Location & Your Wallet

One of the biggest concerns in choosing the property, too, is choosing the location, and that is something which you are going to have to consider if you are keen to make this all work as well as possible. Not only does the location affect the price of the property, meaning that you could get a similar property for less money elsewhere, but you also need to think about the general living costs of the place you’re moving to.

This is less of a concern if you are not moving there, but only renting it out of course. But in either case, you should think about the associated costs and how much better or worse it could be in an adjoining town or city. As long as you can do that, your money will automatically go that much further from the outset, as you will be setting yourself up for greater financial success immediately. That will mean that you don’t have to worry quite so much about what is going to happen to your finances when you buy that new house.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Managing The Mortgage

Almost everyone needs to find a mortgage if they are to be able to afford a property, and this is not something you want to rush into or take lightly. This is arguably the biggest loan you will ever take out, and you need to make sure that you are going to get it right if you are to keep your money in the best possible position.

As long as you manage your mortgage well enough, you should find that you can much more easily and effectively keep your money in tact in general, so it is worth knowing about how to do so. As it happens, there are a few basic rules of thumb you need to consider if you are going to be able to manage your mortgage as well as possible.

First of all, don’t just go for the first one you come across that accepts you. You need to make sure that you’re getting the best possible deal on the mortgage you find, so it’s worth shopping around for something that is likely to be the best you can find.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Secondly, get clued up on the different kinds of mortgage, most importantly the different kinds of interest rates. A fixed one will not vary at all, but may be a little higher on average, whereas a variable one will start lower but probably or possibly rise at some point. It’s up to you to decide which of these situations is best for you.

You should also seriously consider looking for a usable housing loan calculator or mortgage calculator, so that you can work out exactly how much you would be paying back with any mortgage which you come across. Going through the actual figures and being absolutely certain of them is a hugely important step if you are to try and keep on top of your loan, and if you re to make your money go as far as you would like to.

Do all this, and you should be able to manage the mortgage much more effectively.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Plan Far Ahead

One of the simplest and yet most effective things to consider as well is to make sure that you are planning out your finances as far ahead as possible. You probably already do this with your basics such as food and bills, so it would be strange not to do it for the largest purchase you will ever make.

If you sometimes struggle to know how to plan far ahead, you might want to think about going out of your way to make a change in that respect from now on.

If you manage to do that, you will almost certainly find that it improves your chances of success with your next property, and that you will be that much more likely to keep your finances in tact the whole time. This kind of planning is something that can easily make your entire life that much easier and quicker to achieve.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

As long as you have taken care of the above, you will find that you can make your money go much further on whatever next property purchase you might make. That will then mean that you can have more money aside for other expenses in your life, which is something that you will need to think about at this time as well.

2018-08-22T12:30:03+00:00 August 22, 2018|Home Decor|

The Things First Time Buyers Really Need to Know

When you are a kid, the milestones and rites-of-passage come thick and fast. From your first steps to your driving test, there are hundreds of little milestones in the middle. All big deals in a young life and all something to celebrate. Then, as you start getting older, they dry up a little.

The important birthdays stop, birthdays, in general, get much less exciting, and day to day your life changes very little. But, when the milestones come, they are huge, like getting married or having a baby. One such important milestone for many young adults (or even older adults in the current climate) is buying their first house.

The Things First Time Buyers Really Need to Know | UK Lifestyle Blog

Buying your first house is an important step. It’s usually your most expensive and important purchase to date, maybe ever. It’s your chance to make a house your family home, to truly settle in your space and to give yourself financial stability and security in the future.

But, it’s not always easy. Buying a house isn’t quite like buying anything else. There are many steps to take and hoops to jump through before you get the keys to your home and if you’ve always rented before you might have no idea what you are letting yourself in for. There’s plenty of conflicting advice out there, but here’s what you really need to know.

The Things First Time Buyers Really Need to Know | UK Lifestyle Blog

😱➡️  Thinking of buying a house? Read this before you start looking!

You’ll Need More Than a Deposit

When first-time buyers start looking, they often look at mortgage calculators online, putting in whatever they’ve got saved up as their deposit, without considering the associated costs. In reality, you might have to take around £5,000 out of your savings to cover the other costs of buying a home.

Conveyancing searches can cost up to £600; legal fees might set you back a further £1500, you’ll need to pay bank transfer fees and around £150 for a valuation for your lender.

There’ll also be mortgage arrangement fees of up to £2,000, a booking fee of between £100 and £250, survey costs vary depending what you want but could be over £1,000 and then there’s the cost of actually moving all of your positions and covering the notice period on your rental.

This extra money can be the difference between getting approved for a mortgage and not. So, it’s important to take them into account when you are making your calculations and save for them separately if you need to.

It Takes Longer than You Think

When you are renting, it can be tempting to give notice to your landlord as soon as you have an offer on a purchase approved. Don’t do this. It can take a lot longer than you might think.

Once you’ve found a solicitor, they’ll have to prove your identity, and there’ll be paperwork to fill in and certify before they even start their searches. Then, these can take up to six weeks to come back, and you never know what they might find. Your survey might also reveal problems that lead to further negotiations.

Even if everything runs smoothly, the vendor might be waiting for their own purchase to complete before they can move out of the home that you are buying. It’s not uncommon to wait up to six months between first viewing your home and moving in.

The Things First Time Buyers Really Need to Know | UK Lifestyle Blog

You’ll Forget What It Looks Like

You may view a house once before you move in. Sometimes twice. But rarely more than this. You can go months before seeing your future home for more than a quick visit. You’ll start making plans for new furniture you want to buy and where you are going to put things.

Over time you’ll start to doubt yourself. You’ll forget exactly what shapes the rooms are, or how big things are. When you get the keys and spend proper time there without an estate agent or vendor, you might find it doesn’t look quite how you remember. So, try not to buy too much beforehand.

There’s Lots of Waiting

During the searches and surveys stage of making a purchase, you’ll spend a lot of time just waiting. You won’t have a moving date to tell people when they ask, you won’t know what’s happened, and there can be weeks at a time when you hear nothing. This can be frustrating, but a lot is going on behind the scenes.

If you want an update or any information don’t hesitate to ring your solicitor. Remember, you are paying for their services so don’t worry about making contact. Then, suddenly everything will happen in one go, and the wait will be over.

The Things First Time Buyers Really Need to Know | UK Lifestyle Blog

2018-05-09T22:36:30+00:00 May 9, 2018|Home Decor|

Why You Should Consider Buying a Flat Instead of a House

If you are looking for your next place to live, there are several different types of property you might consider. One of the most popular property types that most of us pick for our homes is a house. However, if you are living alone or you work in the city this might not be the most economical option.

The next option is a flat: which is great, but flats can often feel cramped and dingy. This doesn’t have to be the case, as you’ll see, even if the tiniest properties can feel spacious. If you haven’t ever thought of living in a flat, by the end of this post you’ll want to pack your bags and move in.

Why You Should Consider Buying a Flat Instead of a House | UK Lifestyle Blog

Safe and secure property

When you move into a building with a flat, you will live under Property Management. This means that a group of people own the building and are solely responsible for making sure that you and all of the other residents are happy and safe at all times. This means that they will dedicate their time and resources to good security doors, alarm systems and privacy for all people who live there. It takes the worry off you and gives you the peace of mind you need in your home.

Convenience

flats are one of the most convenient types of property you can buy. The reason for this is that they are usually located in the middle of the city near to transport links, shops and other amenities. They are also run by a board of people meaning that you don’t need to worry about taking care of the maintenance and other small jobs in your home because everything is taken care of.

Why You Should Consider Buying a Flat Instead of a House | UK Lifestyle Blog

Great amenities

You know when you go abroad and stay in a really fancy hotel which has a gym, a spa and a communal garden? Well, how about having these amenities available to you every single day? Every flat building has a whole host of amenities which are there for all residents of the building. It means that you can live in your own private space, but also enjoy getting to know your neighbours while using the gym, the pool and even the rooftop observatory which some buildings offer.

Fitness motivation

The amazing thing about being in a communal building is the fact that you don’t travel to go to the gym. It means that when you are on that health kick in the springtime you don’t have to roll out of bed at 5am to get in the gym before work. You can simply get up, go downstairs and you will have all of the facilities you need to keep yourself fit and healthy.

Why You Should Consider Buying a Flat Instead of a House | UK Lifestyle Blog

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Great investment

Flats are a great way to invest your money because they don’t cost the earth and they will always be increasing in value. A flat is a type of property which many people want to live in, and this means that you will never have a problem selling it on and making yourself a good profit. You can even decide to rent out your flat to holiday makers and you will get a great return on this during the summer months.

Psst! Don’t you LOVE this tiny 366 Sq. Ft. apartment in Stockholm, Sweden? The open plan design and the glass wall between the bedroom and living space provides a bright and spacious feel. It’s stunning 💕

2018-04-02T19:52:36+00:00 April 2, 2018|Home Decor|
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