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How I Bought my 1st home on 20k income

Tips to Afford a Home and Yard for a Small Family

Buying a home for your family isn’t always easy. Not only do property prices always seem to be on the rise, but finding a home with a real yard is getting harder and harder. If you want both, though, you may want to look at the tips below.

Small House, Big Property

Depending on where you live, the property itself can be cheap. If you’re willing to have less square footage inside, you may be able to get a huge yard for a reasonable price. The great thing about having a lot of land is that you can absolutely expand later if your family grows, but you’ll still have the option of having plenty of outdoor space to enjoy.

Get a Condo Instead of a House

On the other hand, if you want all of the benefits of a home without the outdoor maintenance, you might want to consider condos for sale. Many condos give their owners access to great amenities – including outdoor space – for much less than the price of a stand-alone home. This can be a perfect choice for a small family, especially if you really enjoy spending time outside of your home.

Get an Unfinished Yard

If your goal is a yard, you might be able to get more if you’re willing to put in a bit of work. Houses that have unfinished yards or yards that are in disrepair typically sell for less than homes that are in better shape, so you should be able to get quite a bit for your money. Remember that you’ll need to factor the cost of fixing up the yard into your budget, though, so that you don’t take on a project that you cannot afford.

Look for Summer Mortgage Deals

Did you know that mortgages actually go on sale? Banks are like any other business, and most try to encourage buyers to make a purchase when they wouldn’t otherwise spend by offering deals. There are often specials on mortgages in the summer, ranging from lower rates to one-hundred percent financing. If you can wait, you might be able to find the kind of mortgage deal that makes it possible for you to get a better home.

It is still possible to get a home and a yard for your small family. It may, however, take a bit of searching to find your ideal home. If you manage your expectations and are able to think outside of the box, you can find the perfect place in which to live and play.

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