How to Afford a House in Your 30’s

Home ownership may be a big sign of financial stability for some of us, and of course, being in our 30’s and still renting may sound a little sad.

But, all is not lost. With the right research, a strict saving plan, and a lot of preparation, buying a house in your 30’s can be possible.

Save. Save. Save.

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Let’s face it: Buying a house can be a big turning point in everyone’s financial life, and believe it or not, you can only afford it when you have enough money, so first of the list is to save money.

Creating and following a budget can be a great place to start. There are tons of ways you can save money. There is always the good old saving 20 percent of your paycheck trick, or you can draw a saving plan that you can follow for only a certain time period.

Whatever your saving scheme is, the bottom line is to pool enough money that can fund your dream house. You can choose to save for the initial down payment fund only or you can save for the whole house and pay it on cold cash.

Of course, saving requires extra money from your income. This means you need to…

Earn A Lot Of Money

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Exactly. Home ownership is expensive. There is a reason why most of us are comfortable and perfectly fine with renting because let’s be honest — owning a home is not quite a priority when you’re in your early 20’s, but when you are in your 30’s, home ownership is that one goal that you should really tick off your list.

To do this, you need to earn a lot of money. Get a job, do side hustles, start your own business or even bet on the daily lottery. The point is, to save a large amount of money, you also need to have a lot of extra cash lying around.

But fret not — your homeownership can be jump-started by what we call, “loan”.

Seek Financial Help With A Loan

Ever wonder how your co-worker got a nice home? You have the same salary and the same standard of living. Maybe, it’s because she’s thrifty or she dabbled at some point in the wonder of loaning? Maybe she got a preapproved mortgage and is ahead of the game?

Loan or credit is pretty normal these days. Credit cards, cash loan, car loan — are just a few of them. Home mortgage loan in particular, can be helpful in owning a home. Of course, leaning into home loan needs a detailed groundwork. You can do this by doing your research and finding the best lenders available for you.

Of course, getting loan approval is no picnic either. Usually, you have to own a good credit score to have any success in getting payment assistance.

But the truth is —some lenders recently introduce the guaranteed loan. It offers near-automatic approval without even performing a credit check on your account. In a nutshell, it is the perfect loan if you have a bad credit staining your application. Check this out here.

Do All Your Homework

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All of this financial plan will go down the drain when you’re not doing your research right. Make sure that you have enough information to make the best decision. Here’s a list of what you may check out for:

  • Developer
  • Type of home
  • Home inspection/ Survey
  • Mortgages
  • Comparable properties
  • Market trends
  • Legal paperworks

Get Help From A Professional

It is always handy to have a few experts’ advice when hoping to buy a house. Consult with your financial advisors to create the best game plan as soon as possible. They can also help you set savings and repayment goals based on your income. You can also count on to the tons of guides on the Internet that are both free and accessible.

Final Thoughts

Let’s face it: you need someplace to live and call home. You’re in your 30s. Now is a great time to buy a home. But before you pour all your cash to your dream house, always remember to research and make your investments worth it in the long run.


Revision 21.9.2020 – updated content


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