Will I Ever Be Able To Buy A House?


For many young people, the prospect of owning their own home seems like a ridiculous pipe dream.

We hate to hear our parents tell us how old they were when they bought their first house. We’re past that age already with no chance of getting any money together for a deposit.

Rents are so high that the majority of our pay packet is gone immediately if we manage to find any work at all.

Add to that the burden of student loans that many of us have and you build a picture of a life spent living at home with your parents or renting a tiny apartment that you can hardly swing a cat in.

But the truth is, although the cards might be stacked against us a little bit, we complain too much. It’s not impossible, it’s just incredibly difficult. If you really put your mind to it, there’s no reason that you can’t own your own home.

So, how do you do it?



Get Your Finances In Order

The first thing to do is to sort your finances out.

You’ll struggle to find a mortgage if you have a lot of other repayments to make. Student loans don’t usually factor into that, and you aren’t going to be able to pay them off in a hurry so don’t worry too much about that. You do need to get rid of any other debts though.

The best way to do this is consolidating all of your debts into one, easy to handle repayment. This can really help you to get a handle on things and make paying down those debts a lot simpler.

You can find more information about this online at DebtConsolidationLoans.com if you are considering this option.


Consider The Area

While you might love the area that you live in, if house prices are out of control then you are fighting an uphill battle. You need to be realistic about this and consider moving to a cheaper area.

I’m not saying you have to live in the worst place in the country where the houses cost peanuts, but just think about downgrading a little. Look at realtors websites to see what kind of prices you can find nearby.

Cut Costs

The reason that most of us struggle to afford a house is because we can’t scrape together the money for a deposit. If you add up all of the money you spend on useless things, you might find that you can actually afford it.

Buying two cups of coffee, or a sandwich every day doesn’t seem like a lot of money, but if you totaled up the amount you spent on it every year, you’d probably have a heart attack.

The average cup of coffee in the states will set you back $2.70. Buying just one a day will cost you $985.50 every year. That’s almost a thousand dollars that could go towards a deposit on your own house.


Are You Trying to Buy a House?

Just by choosing a cheaper area, and watching your spending carefully, you can save up the money that you need fairly easily.  

So are you trying to buy a new house?  What’s holding you back and what are you doing to overcome this issue.  I would love to hear your thoughts about this in the comments below.


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