Advanced Search

$ 0 to $ 2,000,000

We found 0 results. Do you want to load the results now ?
Advanced Search

$ 0 to $ 2,000,000

we found 0 results
Your search results

Ask about our homes at Shellman Bluff!

Property of the Week

For All Your Real Estate Needs!

Harris Real Estate Coastal Properties has been in business for approximately 19 years in the McIntosh County area. We strive to keep an advantage over the competition and are always researching and exploring new avenues to keep potential customers coming to us first.

Whether you are buying or selling, you need a company that will guide you through with the customer service that you deserve and make your real estate experience an enjoyable one.

 

Real Estate News

How to Save Money for a House Without (Too Much) Sacrificing

 

When you’re wondering how to save money for a house, it can start to feel like you’ll never scrape together enough for a down payment.

Yeah, you already know that Rome wasn’t built in a day. Well, the same holds true for building a down payment. It takes time!

How to save money for a house

Still, as long as you grease the gears early (like now), you’ll barely notice you’re saving until—boom!one day in the foreseeable future you’ll be sitting on a pile of money that could pave the way to homeownership. Sound good? Good. Here’s how to get started.

“It’s about a lifestyle change,” says Travis Sickle, a financial adviser with Sickle Hunter Financial Advisors in Tampa, FL. A more sustainable strategy, he says, is to pinpoint your silent money siphons that you barely notice. Odds are you could try some of the following cost-cutting measures without feeling the pinch:

  • Replace your $250 monthly cable service with a $10 Netflix standard streaming account, and you’ll save $2,880 per year.
  • Cut that languishing gym membershipat $50 per month, you’d save $600 a year. Go running instead!
  • Packing lunch will save you about $60 a monthor $720 a year.
  • Bike to work. For a 10-mile commute, biking can save you around $5 a day, according to Kiplingeror $1,250 a year.
  • Start a coin jar. Saving all your loose change can have a big impactup to $700, according to financial blogger J.D. Roth.
  • Turning down your thermostat just 3 degrees could shave almost 10% off your electrical bill, netting you $20 a month on a $200 bill, or $240 a year.
  • Curb those dinners and drinks out at restaurants, which can quickly add up. If you typically shell out $40 three times a week, reduce that to one evening a week, and you’ll save $80or $4,160 per year. (Bonus: It’ll make those times you do indulge more special!)

And if you and your significant other team up and try all of the above, that would amount to $10,550 per person, or $21,100 in one year’s time. Just remember that when you’re thinking of ordering a second glass of artisanal craft beer.

Open a dedicated account

Financial planner Bob Forrest of Mutual of Omaha points out that CDs and money market accounts offer higher gains than savings. You’ll need a larger minimum balance than for a regular savings account, but your goal is to make it grow, not shrink, right? If you’re using a CD, just make sure you don’t withdraw the money before the time is up or else you’ll face some stiff penalties.

Automate your savings

If you’re struggling to put enough money away because of the constant temptations to blow your paycheck, consider automating the process. Ask your employer if you can have your paycheck deposited into multiple accounts—if so, instruct it to send a certain percentage of your salary directly into your savings account. Or go through your bank, setting up automatic withdrawals from your checking to savings account that will force you to keep spending in check.

Tap into your IRA

Another great place to stash your cash? A traditional or Roth IRA, says Forrest. In addition to being a tax-friendly retirement vehicle, it allows you to withdraw up to $10,000 for a home. While withdrawals from a traditional IRA will be taxed, a Roth IRA you’ve owned for more than five years won’t be taxed at all, as long as you’re a first-time home buyer. Just be careful with this method, though, as you will be denting your retirement funds. But combined with other savings, it can quickly add some heft to your growing nest egg.

Check out down payment assistance programs

Depending on the city and state you live in, you may be eligible for down payment assistance programs, which provide money to help people buy a home. Most offer up to $15,000, typically in the form of a grant or low-interest loan. Most require your income to be below the area median. But even if you make more, do your research—there are programs that provide funds for higher-income households.

Once your down payment is on a roll, it’s time to start looking for a home—and to do that, you’ll need to determine exactly how much house you can afford.

  • Contact Us!

    Harris Real Estate Costal Properties

    912.832.6335

    ellen@harrisrealestategeorgia.com

  • Property Search

    $ 0 to $ 2,000,000

  • Reset Password