Home Purchasing Tips Article

Home Purchasing Tips for Newly Engaged Couples

Ways to Save for Both a Wedding and New Home

Home Purchasing Tips - photo courtesy of Pixabay
Photo Courtesy of Pixabay

Preparing a wedding in the midst of buying a home is becoming a more conventional way of going after the American dream. With some careful considerations, it is possible. However, one must be smart about budgeting wise while considering its impact on the relationship. Here is what you need to know and if going down both paths simultaneously is right for you.

It Isn’t As Easy As It Looks

Planning a wedding is a very stressful occasion for many. As many as 23% of men and 16% of women find ceremonial planning to be one of the most complicated endeavors of their life, according to Huffington Post. While that number isn’t large, it can be impactful if you’re trying to make other plans at the same time, as weddings can be expensive — which is why some consider the economic benefits of elopement.

Buying a home isn’t any less difficult. As property prices continue to rise, especially in locations such as San Antonio, the prospect of purchasing a home just seems like a dream for many. Added to that accrued debt from student loans, growing a family and other life changes, you have potential years of costs ahead of you.

There is an upside, however, by saving and preparing for any uncertainties in life. In this case, it’s a good idea to have a thorough discussion with your partner about what your plans and goals are. You’ll also get an opportunity to see if you’re on the same page financially, and if you are, then taking the necessary steps will become easier.

Home-Buying Options

The experience of purchasing a home is an emotional and individual one. Coupled with a wedding, it can become overwhelming. However, when it comes to buying a house, many lenders are easing up on their requirements. According to Fannie Mae, one only needs a minimum credit score of 620 to qualify for a home. However, not all lenders are created equal, as some hold a slightly higher requirement.

Additionally, you may even seek out a foreclosed or bank owned home, which helps you obtain a desirable home under the market price and sometimes motivates the seller to achieve a faster sale. Though foreclosures can often take a while, you have a better chance of getting a home that is otherwise pricier for a reduced rate with the chance of making it your own if you choose to perform any repairs or maintenance.

To Wed or to Buy

Upon moving in together, keeping the peace is important in ensuring a happier life. However, consider the pitfalls that could also occur after the move, such as a breakup or who gets the title to the home if you separate.

Though having financial conversations about money aren’t completely comfortable all the time, they are necessary in order to avoid shortcomings and potential problems along the line. In many cases, staying in close touch with each other will help to bring the two of you closer, especially if you are under the stress of the new place and potential wedding plans.

Once you’ve moved in, communicate both of your hopes and expectations, while considering each other’s needs. Though many couples choose to forgo wedding plans in place of buying a home altogether, it’s important to establish your values and priorities. Weddings can be very expensive, so continuing a budget after the move will become very valuable in meeting any of your long-term goals.

With careful considerations of your budget, you’ll be well on your way to financial and marital bliss. Consider your options on your own terms and decide what’s best for the two of you.

With our wide variety of wedding dress designers, styles and sizes, Bridal Connection can help take some of the wedding planning stress off your shoulders. To make an appointment, call us at 210-967-4696.

Bridal Connection San Antonio Top 3 2021 San Antonio Bridal Shops
2019 KSAT 12 SA
Best Business in
San Antonio in the
Wedding Dress Category
San Antonio Weddings 2021 Local Favorite
Bridal Connection San Antonio Best of 2021 San Antonio Bridal Shops
Contact us

210.967.4696
bridal.connection@yahoo.com

Find us at

Share Your Story with San Antonio Weddings
Visit Us

923 N. Loop 1604 E Ste.106

San Antonio, TX 78232

Business Hours

Sunday: Noon - 4pm
Monday - Friday: 11am - 6pm
Saturday: 10am - 6pm
Private appointments available every day. You must call to schedule your appointment and there is a $50.00 non refundable fee to rent out the boutique for 2 hours before hours or $100 after hours. You are permitted to bring up to 10 guests and welcome to bring drinks and snacks for your private appointment.

Visit Us

923 N. Loop 1604 E Ste.106

San Antonio, TX 78232

Contact us

210.967.4696
bridal.connection@yahoo.com

Business Hours

Sunday: Noon - 4pm
Monday - Friday: 11am - 6pm
Saturday: 10am - 6pm

Private appointments available every day.  You must call to schedule your appointment and there is a $50.00 non refundable fee to rent out the boutique for 2 hours before hours or $100 after hours. You are permitted to bring up to 10 guests and welcome to bring drinks and snacks for your private appointment.

Find us at

  

Share Your Story with San Antonio Weddings
Bridal Connection San Antonio Top 3 2021 San Antonio Bridal Shops
2019 KSAT 12 SA Best Business in San Antonio in the Wedding Dress Category
San Antonio Weddings 2021 Local Favorite
Bridal Connection San Antonio Best of 2021 San Antonio Bridal Shops