Best answer


Because renting doesn build equity, it can be difficult to save money. If money is an obstacle in your homeownership goals,investigate down payment assistance and first-time homebuyer programs. These programs offer a variety of loans, grants, and credits to make buying your first home that much easier.

People also ask


  • How can I save money when buying a rental property?

  • People who really want to dip into their savings for a pair of shoes or a few beers will always find a way, but putting an extra barrier in place is a great way to remind you about the ultimate goal and keep you on track. You might not realise it, but almost anything can be negotiated when it comes to costs around your rental property.

  • How do you save for your first home?

  • Keep calm and remember to breathe. Like any long-term commitment, saving for your first home is going to have its ups and downs. But, Magnus says the silver lining is the new home at the end of the journey, if you檙e prepared to tighten your belt when it really matters.

  • Is it worth saving for Your House?

  • If saving for your house is a longer proposition, sometimes it going to seem like a slog. But it doesn have to be, and if you檙e hitting your savings targets, there nothing wrong with a little pat on the back every now and then.

  • Should you reward yourself when you檙e saving for Your House?

  • If saving for your house is a longer proposition, sometimes it going to seem like a slog. But it doesn have to be, and if you檙e hitting your savings targets, there nothing wrong with a little pat on the back every now and then. Magnus advises people to make sure they reward themselves along the way.