Stuff EBP Like – Buying a house at the age of 30 is not impossible. With good planning, you can have a private residence at a young age.
Having a comfortable residence at the age of 30 may sound like a dream to some people, especially with today’s high property prices. If you start working at the age of 22 or 23 years, it is not impossible if you can realize the dream of having a private residence before you turn 30 years old. Home loans are one way. Even though there is a KPR (Home Ownership Credit), you still have to arrange a precise plan to get the occupancy you want.
1. Check the price of targeted houses
Before making a financial strategy, of course, you must know the price of the house you want. You don’t need to be specific, but at least find out the price range that matches your desired specifications. For example, if you want housing in a housing complex of a certain size, then find out the price range for houses that match these specifications. However, if you want to build a house in the countryside, you must know the price range of land in that area and the total costs involved in building a house.
2. Calculate the Estimated Increase in House Prices for the Next 3 Years
Property prices always go up every year. It is this price increase that you should anticipate, at least estimate the increase in house prices for the next three years. Why 3 years? Actually this is just an estimate of the time it takes for the average person to raise money for a home DP. The time needed to get a dream home would be faster if you can raise money DP ( Down Payment ) in less than 3 years.
3. Determine the Nominal Savings for the Budget to Buy a Home
If the amount of funds needed for the down payment of the house is known, the next step is to calculate the amount of money that you must set aside each month.
4. Creating a Special Savings Account
We recommend that you open a new account to make it easier to manage finances for home DP. By separating the home DP savings account from the regular account, you can monitor the development of your savings more clearly without mixing income or expenses from a regular account.
In this way, the risk of using the savings for things outside the allocation should be smaller. Savings to make your dream home become safer.
5. Consider Other Investments
Saving is indeed the safest way to raise money. However, you also need to remember that your savings will always shrink even if you don’t use it. This depreciation is due to inflation and admin fees charged by the bank. Therefore, you should consider other types of investment.
Actually there are many investment instruments to choose from. However, since you only have 3 years, you should choose short or medium term investment instruments such as money market funds or fixed income mutual funds. You can also choose gold as an investment instrument of choice. But before that, first consider the difference between the selling price and the purchase price.
Currently, there are many types of mortgages that can be selected according to your needs. But before you decide, you should consider a few things. Some of them are the minimum DP, KPR interest, and the tenor provided.