Congratulations on your wedding and welcome to the wonderful world of marriage!
Being a newlywed is one of the most exciting times in anyone’s life. Your image of forever with the ONE seems enticing and adventurous. Of course, that does not mean marriage is a walk in the park. Married life also means facing a set of challenges, and that includes housing concerns.
Most newlyweds dream of owning a home and wish to begin after their ‘I dos’. While owning a home has its rewards, it is not for everyone, especially for the new husband and wife. Rather than consider a purchase immediately, renting might be the best option for you.
The Less Expensive Option
Owning a home is expensive and just because you are combining two bank accounts does not mean you can afford it. Newlyweds should spend their first years saving as much as possible, especially if you wish to have children.
Choosing homes or rooms to rent in Auckland reduces your worries about mortgages or unexpected repairs. You can save more for the future and place your money on other investments.
You Might Move Soon
When you are starting out as a married couple, the future remains unpredictable. One of you might have to change jobs or live closer to aging parents. There is always a chance that you will pick up your belongings and relocate.
With a home, moving proves to be extremely difficult and time-consuming. Putting your house on the market already takes a couple of months or even a year before finalisation. With renting, all you have to do is inform your landlord, make the necessary changes and leave.
Save Yourself from Stress
The first year of marriage should be blissful instead of stressful. New marriages are not always hugs and kisses, and adding a home purchase might worsen the stress. House hunting is not easy and it results in unnecessary stress, which may strain your marriage.
Finances and legal matters, as well as adjusting to marriage, are a lot to take in. Instead, take things one step at a time.
Buying your first home is a great goal for newlyweds but consider it a long-term goal. By renting a home, you have the flexibility you need to go wherever life leads.