Tips to prepare funds DP this house could be a guide for you who are saving to buy a house. And for that you certainly have to estimate how much will be budgeted to buy the house.
After weighing and decide to buy a house, then the next step is to set up funds for DP (Down Payment) your first home. This stage is very important because it can affect your financial situation in the future.
For that, here are some easy guidelines for setting up a DP home fund that is easy for you to practice, so your target to have your own home soon becomes a reality.
The number of DP of a house is generally 20% of the price of his house. But, there are also some developers who give loose like DP that can be paid or a sign so that the value is smaller than that. Note the applicable terms and conditions, if you have determined what target should be collected then saving will become easier.
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Decrease the cost of the current residence
Perhaps you’ve been living in an apartment or rent a house with expensive rent. In order to prepare funds for your first house DP, do not hesitate to move temporarily to a residence with a cheaper rental fee.
Although less comfortable, but it never hurts to struggle first before finally having fun, have their own home in the future.
Create a separate account
If you are really serious about raising large amounts of money for DP house, then you need to increase the amount of income or cut some expenses that are not considered mandatory expenses.
Although it will be burdensome, but you will become more creative in spending a fun time without having to spend money.
Create a Separate Account
If possible, separate the savings account for DP house with the account for daily expenses. Discipline yourself that the money in the account should not be used for anything other than home affairs. Better still if you have emergency deposits in different accounts.