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Six Unconventional Ways to Become a Homeowner

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Six Unconventional Ways to Become a Homeowner

Each month as you write your rent check, you dream of the day when you’ll be able to write a check for your mortgage instead. No one likes throwing money away to a home you’ll never own, which is why home ownership is considered the American Dream, but has that dream seemed like it’s always just been out of reach for you? It actually might be closer than you think. Here are six options you may not have considered that could transform you from a renter to a homeowner:

  1. Buy a Mobile Home.

Mobile homes may not be something you dream of, but the truth is they can be great starter homes to get you out of renting. At about $41 per square foot for a mobile home versus about $83 per square foot for a new house, these manufactured homes are a lot more affordable than your average house.

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An advantage of buying a mobile home over a new house is that you can walk through the exact house you’ll be getting, and you won’t have to worry about building delays and new development headaches. Mobile homes can also be customized to feel more like a traditional home with garages, decks, and vaulted ceilings.

  1. Buy a Modular Home.

A modular home is similar to a mobile home in that they are manufactured in a factory. They differ slightly from mobile homes because they are assembled in pieces and moved to a permanent location. They are insured and appraised the same way that a traditional home is, and you can even purchase a warranty just as you would with a traditional  house. Modular homes can be customized and take less time to build than a traditional home. You can also expect to pay 10 to 20 percent less for your modular home than if you had the same thing stick-built.

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  1. Build Your Own Home.

If you have the budget for a new home, you might consider building your own. The good thing about new construction is that you know exactly what you are getting and aren’t as likely to experience those little “surprises” that often develop in an older home. Choose a reputable builder and ask about your customization options to make sure you get a home you love. You can even talk with your builder to see if you are able to work on some of the building yourself to reduce costs. Remember that you’ll need to own the land to start building a new home, so shop around to find a good deal on a piece of land you’ll enjoy for years to come.

  1. Go to an Auction.

Auctions are a good choice if you have a large amount of money saved in the bank. You will have to pay the full amount you win the house for at the auction, but if you can afford it you can get a great deal.

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If you watch any of the home flipping TV shows, you’ve probably seen people buying homes at an auction and were impressed with the deal they got. One thing you don’t want to do, though, is be like them and buy the house mostly unseen. Do your homework and evaluate the home before you spend the cash. Understand that if you purchase a home at an auction, it’s likely going to take time and money to get it to the condition you want.

  1. Obtain Special Financing.

Look into what options you have when it comes to financing. Rural areas have the U.S. Department of Agriculture’s Rural Development Single Family Housing Guaranteed Loan Program that offers zero-down financing. However, don’t assume rural means “country” and isolated. Homes can be found around major cities. You just need to check if the address is eligible for the loan. If you don’t qualify for this option, do look into other down payment assistance programs and financing that are available to first time home buyers.

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  1. Get a Co-Buyer.

What’s a co-buyer? It sounds just like what it is. Someone buys the home with you. This is often done with a younger and older generation, such as parents buying a home with their adult children. You can find a property that has separate living areas so it doesn’t feel like you’re back home living with mom and dad.

If you’d rather not move in with your parents again no matter the space on the property, maybe you can get your parents to cosign the mortgage to get a more affordable interest rate if they have good credit. Another option is asking mom and dad to purchase the home for you in their name and let you pay the mortgage as rent.

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You could also buy a home together with friends or even your siblings.

There you have it- six ways you can say goodbye to renting and hello to home ownership. Think outside of the box, and you might just be one step closer to home ownership.

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Anum Yoon

Writer & Journalist

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Last Updated on December 2, 2021

The Importance of Making a Camping Checklist

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The Importance of Making a Camping Checklist

Camping can be hard work, but it’s the preparation that’s even harder. There are usually a lot of things to do in order to make sure that you and your family or friends have the perfect camping experience. But sometimes you might get to your destination and discover that you have left out one or more crucial things.

There is no dispute that preparation and organization for a camping trip can be quite overwhelming, but if it is done right, you would see at the end of the day, that it was worth the stress. This is why it is important to ensure optimum planning and execution. For this to be possible, it is advised that in addition to a to-do-list, you should have a camping checklist to remind you of every important detail.

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Why You Should Have a Camping Checklist

Creating a camping checklist makes for a happy and always ready camper. It also prevents mishaps.  A proper camping checklist should include every essential thing you would need for your camping activities, organized into various categories such as shelter, clothing, kitchen, food, personal items, first aid kit, informational items, etc. These categories should be organized by importance. However, it is important that you should not list more than you can handle or more than is necessary for your outdoor adventure.

Camping checklists vary depending on the kind of camping and outdoor activities involved. You should not go on the internet and compile a list of just any camping checklist. Of course, you can research camping checklists, but you have to put into consideration the kind of camping you are doing. It could be backpacking, camping with kids, canoe camping, social camping, etc. You have to be specific and take note of those things that are specifically important to your trip, and those things which are generally needed in all camping trips no matter the kind of camping being embarked on.

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Here are some tips to help you prepare for your next camping trip.

  1. First off, you must have found the perfect campground that best suits your outdoor adventure. If you haven’t, then you should. Sites like Reserve America can help you find and reserve a campsite.
  2. Find or create a good camping checklist that would best suit your kind of camping adventure.
  3. Make sure the whole family is involved in making out the camping check list or downloading a proper checklist that reflects the families need and ticking off the boxes of already accomplished tasks.
  4. You should make out or download a proper checklist months ahead of your trip to make room for adjustments and to avoid too much excitement and the addition of unnecessary things.
  5. Checkout Camping Hacks that would make for a more fun camping experience and prepare you for different situations.

Now on to the checklist!

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Here is how your checklist should look

1. CAMPSITE GEAR

  • Tent, poles, stakes
  • Tent footprint (ground cover for under your tent)
  • Extra tarp or canopy
  • Sleeping bag for each camper
  • Sleeping pad for each camper
  • Repair kit for pads, mattress, tent, tarp
  • Pillows
  • Extra blankets
  • Chairs
  • Headlamps or flashlights ( with extra batteries)
  • Lantern
  • Lantern fuel or batteries

2.  KITCHEN

  • Stove
  • Fuel for stove
  • Matches or lighter
  • Pot
  • French press or portable coffee maker
  • Corkscrew
  • Roasting sticks for marshmallows, hot dogs
  • Food-storage containers
  • Trash bags
  • Cooler
  • Ice
  • Water bottles
  • Plates, bowls, forks, spoons, knives
  • Cups, mugs
  • Paring knife, spatula, cooking spoon
  • Cutting board
  • Foil
  • soap
  • Sponge, dishcloth, dishtowel
  • Paper towels
  • Extra bin for washing dishes

3. CLOTHES

  • Clothes for daytime
  • Sleepwear
  • Swimsuits
  • Rainwear
  • Shoes: hiking/walking shoes, easy-on shoes, water shoes
  • Extra layers for warmth
  • Gloves
  • Hats

4. PERSONAL ITEMS

  • Sunscreen
  • Insect repellent
  • First-aid kit
  • Prescription medications
  • Toothbrush, toiletries
  • Soap

5. OTHER ITEMS

  • Camera
  • Campsite reservation confirmation, phone number
  • Maps, area information

This list is not completely exhaustive. To make things easier, you can check specialized camping sites like RealSimpleRainyAdventures, and LoveTheOutdoors that have downloadable camping checklists that you can download on your phone or gadget and check as you go.

Featured photo credit: Scott Goodwill via unsplash.com

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