Moving in with your other half is a big decision. You’ll not only commit to sharing furniture, furnishings, and personal space, but you’ll be making a long-term financial commitment.
It is, therefore, important you’re 100% sure it’s the right decision for your relationship. To help you make the best choice, here are the four signs you’re ready to move in with your partner.
1. You’re Both Happy to Discuss Money
Every couple must sit down and discuss their finances before they move in together. Transparency is vital before you sign on the dotted line for a mortgage, as you won’t want a nasty surprise once you receive the keys to your new home.
If your partner is happy to talk about their finances openly and honestly with you, and you’re confident you’ll enjoy financial security, it might be time to take the plunge and buy a property together.
2. You’ve Decided on a Budget
In addition to discussing your personal finances, you also must agree on a budget for your new property. While your partner might want a large mansion in a popular neighborhood, their dreams might not match your finances. Don’t make the mistake of investing in a property that doesn’t reflect your income, as you could fail to keep up with the monthly mortgage repayments.
Instead, review your finances and factor in the various bills you’ll need to pay each month to find the right mortgage down payment and a repayment amount to suit your budget. Many stunning new build homes could complement both your needs and budget, which you should factor into your decision. Plus, you can buy a property with a 5% down payment.
3. You Accept Their Bad Habits
No-one is perfect, which is why you must understand and accept your other half’s bad habits before you move in together. For example, they might forget to turn lights off, sleep in late, or leave dishes in the sink, which could annoy you from time to time. It might help to go on vacation together to familiarize yourself with their flaws, so you’ll know what to expect when investing in your first home together.
4. You’re Willing to Compromise
Relationships require compromise, especially when you are living together. For you both to enjoy many happy years in your new home, you must be willing to make sacrifices from time to time, such as recording a TV show so your other half can watch a big game or inviting their friends or family members over when you would prefer an early night.
Conclusion
The notion of moving in with your partner might fill you with excitement, but you must do so at the right time for the sake of your relationship. Sit down with your partner and have a serious discussion about your finances, future, and flaws. An honest conversation could help you decide whether to apply for a mortgage and move into your first home together.
