Budgeting For A New Home in 2018
The 2018 Tax deadline is soon approaching and many 
families will be getting a tax return soon as the April deadline approaches. What will you do with your tax return? Save it for a rainy day? Pay off some debt that needs to be cleared up? There are many ways a taxpayer can spend or save that money depending on the individual’s personal situation. Some people pay out the maximum amount monthly to the IRS in hopes to receive a nice big return. If this is you and you are planning on saving for a new home in 2018 then you may want to reconsider this.
Buying A New Home
If you are planning on buying a new home then you will want to make sure that your credit score is in a reasonable place. If you have large debts it would be wise to pay those down to increase your credit score. If you have not been paying taxes on your income it would also be wise to start paying that so that you have earnings records for the lender. No lender is going to loan money to an individual that doesn’t have tax history with the IRS. So if you are planning on buying a new home in 2018 this is something to take into consideration.
Building A New Home
The process of building a new home is a bit different than the process of buying a home that has already 
been built and is on the market. Building a new custom home is a multistep process that requires multiple loans and purchases along the way. First, you need to secure a property to build on, then you need to find a custom home builder to create the blueprint for your new home. This is always an exciting step in the process, designing your home with the builder allows you the opportunity to specify the layout, room count, bathroom locations and kitchen modifications.
Setting Achievable Goals
Once you have determined how you want to proceed you can begin implementing a game plan for savings. Getting a budget in place, adjusting the amount of taxes taken out of your paychecks, and staying on course in 2018 will assure you that your new home buying or home building goals are met.