Budgeting

For most people a home is much more than a place to live, it’s a long-term investment.
This is your opportunity to find a home that’s not only good value upfront, but holds its
value over time. Your decisions at this stage will have important consequences for your
future, so you want to get it right.
When you start looking at homes, it’s easy to focus on the short term – ‘what can I afford
right now?’ But when you think about it, ongoing costs are really important too. For
example, an energy efficient home means lower energy bills, so you can use the savings
to pay off your mortgage faster.
Times are changing rapidly and new issues need to be factored into smart investment
decisions. This is sometimes called ‘future proofing’ – making sure that your investment
will hold its value over time.
Protect your investment against rising energy, water and petrol costs by ensuring your
home saves energy and water and is close to everything you need, including public
transport. Choose long-lasting, durable materials that don’t need a lot of maintenance.
These choices also have an impact on resale value. Regulations for new buildings are
getting stricter all the time, and when you sell your home you want it to be able to
compete with newer, more energy and water efficient homes.

Posted in Budget & Finance