If you’re buying a loft for sale in DTLA, here’s are three habits you should try to get into.
3 Habits Sucessful Homebuyers Share
Check out these three habits that successful homebuyers share:
- Skip the indulgences in favor of saving a down payment
- Make regular deposits into savings just for your home
- Stay on top of your credit report
Let’s take a closer look at each.
#1. Skip the indulgences in favor of saving a down payment.
Saving up for a down payment is hard, but if you’re like most people, you don’t know where you’re spending a lot of cash that could be used toward a new home.
Take a look at ways you can cut spending, like cable, having coffee at expensive shops and dining out. If it’s feasible, go ahead and do it – and before you know it, you won’t even miss the things you cut out.
#2. Make regular deposits into savings just for your home.
Try to stash some of each paycheck into a special savings account that’s just for home ownership. If you can stick to the plan – even if it’s only a modest amount – and if you don’t need to dip into savings for an emergency, you’ll be well on your way to a decent down payment.
#3. Stay on top of your credit report.
Monitor your credit report as best you can. Try a free service like Credit Karma, or use what your credit cards have to offer. You want to make sure your score stays the same or goes up – and if you notice any issues, address them right away. That way, you’ll be ready to qualify for the right loan when the time comes.
Are You Buying a Condo or Loft for Sale in DTLA?
Call us at 213-254-7626 or get in touch with us online to start exploring your options when you want to buy a loft or condo in downtown Los Angeles.
While you’re here, check out our: