When you think of down payments, what comes to mind? If you think of dollar signs, you’re right on the money (no pun intended)!
If you’re looking at Briarwood homes for sale, you can make your life easier by having a substantial down payment ready to go. Down payments are tough to accumulate, but not impossible! Here are a few tips on how to start saving for your real estate goals:
- Reexamine your monthly budget.
Before you decide how much money you can spare for a down payment, you need to see where your income is going. Whether you choose an app or the paper-and-pencil method, grab a cup of coffee, sit down and take an honest look at your bank and credit card statements. - Skip your annual vacation.
It might hurt to do this, but taking a pass on your yearly trip is one way to save a substantial amount of money toward a down payment for Briarwood homes for sale. Don’t forget to take the amount you would have spent and put it directly into your savings account! - Score a side job.
If you have the time, incorporate a side hustle into your schedule. Grocery delivery, restaurant delivery and freelance opportunities are flexible ways to add extra dollars to your down payment. - Get a roommate.
If you get a roommate to share your current space, you could make a tremendous impact on your savings. Think about it: If you currently pay $2,000 per month in rent, taking on a roommate would cut your monthly rent costs down to $1,000. That’s an extra $1,000 per month to contribute to your down payment! - Set up regular automatic deposits into your savings account.
Make saving money a non-negotiable priority. Look at your budget, determine how much you can spare and route that amount directly from your paycheck to your savings account.
If you are interested in Briarwood homes for sale, be prepared to act quickly! Connect with us today to learn more about what you need to score the home you want.
Contact us today at (718) 380-5000 or email us here.
⇒ Click Here to View All Listings in Briarwood ⇐
