Phasing It
One room at a timeHalf NOW, Half Whenever
There are a few examples of how to start on small with your new home, replacement home, reconstruction, etc., and then expand. This might be all you can afford, or you might just want to wait and build as you can afford to, instead of taking out a mortgage and paying a banker nearly 2 times what your house costs in interest.
Cutting out the bank
Low Budget
No Budget
No loan
The common thread is keep costs low. Not only because you may not have money now, but to save you money in the long run. Borrowing money is great, enables much good in the world. However, it causes much pain too. By sharing a house, living in less, building bit by bit, you can reduce or eliminate the need to borrow as much. It's not just some esoteric good thing, you borrow less, you pay less interest. You could save ONE HUNDRED to TWO HUNDRED THOUSAND DOLLARS in interest costs by growing your home yourself rather than buying it lock stock and barrel. Money that you should put into your retirement fund, and that should grow into as much as FOUR HUNDRED THOUSAND DOLLARS by retirement time. Well, it's a theory.
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