Just Got Hitched? 4 Great Housing Options for Newlyweds

Congratulations on your recent marriage. Now that you're a newlywed, it's time to start thinking about where you'll live. There are many great options for newlyweds: from renting an apartment in the city to buying a house near your spouse's hometown. In this blog post, we will discuss 4 of our favorite housing options for newly married couples.

Renting a House

Renting is an excellent option for newlyweds because it will allow you to have plenty of room with no long-term commitments. You may also be able to avoid maintenance expenses that come with owning your own home, such as homeowner association fees. This is a great option for couples who want to learn more about the responsibility of ownership before making the commitment. Lawn care, snow removal, and other routine maintenance are often required when renting a home, which can help build some useful skills if you eventually plan on owning.

Buying a House

Owning a house can be a great investment for newly married couples. You may be eligible for a tax credit, depending on your income and the type of home that you purchase. Additionally, you can take advantage of the appreciation in your home’s value. Your house may be worth more as time goes on and this will help to offset any mortgage payments that you make each month. The down payment for a new home is typically 20% or higher; however, you may be able to use the seller-financing option to reduce your down payment. If you have a smaller budget, consider buying an older home that needs repairs and updating it with new fixtures or appliances.

Buying a house is expensive but if you can afford it, this decision will likely lead to financial security in the long term.

Renting an Apartment

Two-bedroom apartments are a great option for newlyweds. Two bedrooms provide more flexibility in terms of room size. If one person requires a larger bedroom for their work, a two-bedroom has the space to accommodate such needs. As individuals with different sleep habits often have trouble sleeping in close proximity, two bedrooms succeed at accommodating both people's sleep schedules which can greatly improve the quality and duration of each individual's sleep. Most importantly, it can feel great to have some personal space away from your other half, and physical spaces help promote mental boundaries that result in healthier relationships on the whole.

Two-bedroom apartments are commonly found in major cities as well as neighboring suburbs, so this is a great option if you want flexibility in location at a great price.

Staying With Friends and/or Family

While living with your family may not seem like a glamorous option after a wedding, it can be an economical and stress-free way to avoid signing a lease. It can also give you and your partner time to save money for a more permanent living solution.

The downside is that you may be sharing a space with friends or family who are not your spouse, which can lead to tension and conflict if expectations of privacy differ from person to person. Make sure that there are areas of privacy that you two can retreat to when you need alone time or couple's time.

Whether you’re new to the housing market or looking for your first place, there are many great options available. The key is figuring out what kind of living situation will work best for both partners from a financial standpoint and with regards to other needs such as space and proximity to family members. To help get started, talk about these considerations together so that you can make an informed decision when it comes time to buy something.