Tips For Buying A House With Low Income - The dream meaning of having your own house, usually owned by everyone. Although in reality, not everyone has the ability to be able to make it happen. Especially if the salary you get is only enough for daily needs, aka a small salary.
Even so, there are still ways that can be done, if the desire to own a house has begun to take root. Any? Check out how you can do it so you can buy a house even though the salary is small below.
Tips For Buying A House With Low Income
1. Participate in the KPR Program from the Bank
For people with small salaries who tend to be mediocre, it will be difficult if they want to buy a house with a cash system. Although it can be cultivated, it certainly takes a long time.
Well, if you are in this condition, you can take part in the Home Ownership Credit (KPR) program from the bank. This credit facility can help you get the home you need.
2. Set aside 30% of your salary to pay the down payment on the house
When you join the mortgage program, in principle the bank pays in full for the purchase of the house you want. Then, the responsibility for payment will shift to the bank, and it will be done in installments.
Even so, you will still be charged a down payment, which is about 20-30% of the house price. Well, to be able to pay the DP, you can start setting aside 30% of the salary you get every month.
3. Using Autodebit Account
Saving may be very difficult to do with low salary conditions. There are only considerations that make the desire to save, usually aground in the middle of the road. But, if you want to own a house, then you have to push yourself a little.
Well, if spending your own money to save is difficult, try using an auto-debit account. So, you don't have to bother anymore to set aside and transfer your salary to a savings account for a down payment on a house.
Try investing to support your dream home purchase plan. Investments in gold or mutual funds can be the right choice. Both of these types of investments have low risk, so they are safe to try. Make this investment an emergency fund that can be used when conditions are urgent, and savings are not sufficient.
5. Debt Free
Forcing yourself is necessary, but if you still have other debts/installments, then cancel your desire to buy a house first. Prepare yourself when you are free from debt, so that the small salary you get can still meet other needs.
6. Consider Subsidized Homes
Choosing a house for a small salary owner should not be careless. Although avoiding high prices, you also need to consider the location of the house.
Well, the solution, you can consider buying a subsidized house from the government. Usually subsidized houses are located in strategic places and of course the price is much cheaper.
7. Don't be extravagant
If you used to be able to spend your salary on things that are not really important, then you should not do it again. Make a clear budget, so that your salary can be allocated appropriately. You can also replenish your savings for DP on a regular basis.
8. Stay Disciplined and Consistent
Discipline and consistent! These two words must be used as the last weapon if you want to realize your dream, to be able to have a dream home.
Tips For Buying A House With Low Income, Wise decisions need to be taken, so that the dream of owning a home can come true. You can try some of the ways above, so that your dreams can soon come true. Good luck!