Why getting your house before your wedding is a brilliant idea.

You’re engaged! Fantastic! Now it’s saving for the wedding! So many bills to look forward to. Now someone suggests to buy a house first? Are they crazy? No they’re not; it’s probably the best advice you’ve had in a while!

Of course you need to set a good plan regarding your savings, but earmarking a few thousand of your savings now to secure yourself a House&Land package could save you thousands down the line.

Chances are there that your wedding budget will stretch automatically to the full available funds, you will set your dream of owning a home together months if not years back.

Now you have genuine savings (read more about genuine savings here), once you spend them all, you need to start all over again. If you are eligible for low deposit lending, you could be done by putting $4-5000 in as a deposit and paying $50/week during the building period of about 6 months ($1300-ish all up).

If your wedding is a year away, you could be in your own brand new house before you tie the knot. Then your life together can start properly and you can start working on the family expansion! (Read here why getting a home before kids is a good idea!) And get this: in today’s market (March 2016) many developers are offering rebates on the purchase of land, so while you have to dedicate for example $6300 to get into your home, you might find a block on which you get a $10000 rebate, leaving you with a brand new home and $3700 more to put towards the wedding then you would’ve had if you had not bought a house!

#timing #finance