Top Tips for First-Time Homeowners in Dorset
For tenets who rent their homes and seem to be stuck in a never-ending cycle of renting, becoming a homeowner would be a dream come true. However, there’s a reason why millions of people find themselves in this predicament, and it’s often impossible to pay rent and save for a deposit. And for people who don’t have a safety net of staying with a relative, this can often rule buying a house or flat out of their immediate plans.
The good news for any potential first-time buyers is that there are new ways for people to get their foot on the property ladder. An area like Dorset is a sound investment for any prospective buyer because property values tend to be stable. Additionally, new buyers have various options at their disposal when it comes to using purchasing schemes which we’ll elaborate on in this blog.
First-Time Home Buyer Tips 2019 –
It’s time to get serious about saving by managing your money and record everything you spend. Create an Excel spreadsheet, keep any receipts and invoices as you buy things. You then record all the information once a week. And by the end of the month, you should see patterns emerge. Then it’s time for some tough questions on where you can cut costs and save money.
You will have to create a monthly budget, which includes your expenses and some money for things like gym membership and entertainment. Anything leftover should go into a savings account, so go and open one now. If possible, set yourself some monthly savings goals. Check online to see if there are examples of typical mortgage deposits and any information that relates to saving.
Your next line of research is first-time buyers’ schemes. The government are making it easier for first-time buyers and low-income households to get onto the property ladder. You’ll need to work out what sort of scheme fits your situation. Some examples are Help to Buy, Shared Ownership, and Starter Home Scheme, but there are many more.
There are also other avenues to explore when trying to find affordable ways to get your first home. Housing auctions in Dorset are an excellent way to acquire properties well below the average market price. However, it’s not as easy to see if there are any issues, so there is a lot of risks if you go this route.
Using Storage Between Moving Dates –
There are times where we need more room to get more out of our living spaces, which is where storage fits in. By using Johnson’s self storage, you can keep all your possessions safe from theft or damage without having swaying towers of boxes. Ultimately, you’re swapping the garage for something that would prevent the elements from damaging your belongings.
The surprising thing about having a storage unit is you can use it for multiple reasons. If you have an outdoor hobby like football or golf, you can store them with your gardening equipment, tools and containers. And if you have any items from inside the home, you’ll be creating a lot more space in your house, garage and even your loft.
At Johnson’s of Shaftesbury, we offer excellent domestic and business storage options to suit everyone’s needs. There is no lease or minimum storage period to worry about, making it easy to store for as long as you need to. Our storage rates are the lowest in Dorset because we believe everyone can and should benefit from using storage.
Johnson’s – Here to Help Out First-Time Buyers in Dorset –
Johnson’s of Shaftesbury is Dorset’s favourite removals and storage company, and we work with hundreds of people every week. We cover the whole of Dorset and the neighbouring counties. Furthermore, if you have an area in mind that you are considering, we will gladly provide you with any information we can about it. We often note that first-time buyers benefit from information about Dorset useful when narrowing down their property search.
Customer service is the key to our reputation, and we strive to meet and surpass our customer’s expectations on every job we do. We’re residents of Dorset, and we love living here. The county has a range of different towns and areas with varying property prices, so you’ll be able to find the ideal starter home here.
We know that saving for your first home can be expensive. That’s why our removals and storage packages are affordable and well below the typical rates. We make sure that our removals and storage services are designed to cover all bases. The Johnson’s team know how difficult it is to get on the property ladder. That’s why we always try to help our first-time buyers as much as possible.
If you’re planning for a move into your first home, contact us today. We can provide you with a free, no-obligation quote while discussing our range of services in Dorset.