Threatened to not be able to pay in installments at home, Millennials must apply these 7 tips

Research results from Rumah123.com and Karir.com show that in five years, millennials, especially those born from 1981-1994, are in danger of not being able to buy a house. Of course, this research makes young people nervous, especially those who don’t have enough savings or salaries, that’s all.

The results of the research revealed that the normal salary outside of promotions throughout 2016 was 10 percent. Meanwhile, the increase in house prices is at least 20 percent. “In fact, we take the increase in house prices at a minimum when the property market is sluggish,” he said Country General Manager Rumah123.com Ignatius Untung as quoted from Smart-money.co. In addition to their salary increases that are not balanced with house prices on the market, the millennial generation’s lifestyle is considered big.

For those of you who want to own a house, you don’t need to be upset. The following tips you can immediately apply guys!

1. Determine the type of house, adjust it to your needs.

rayskillmaninsurance.comBefore buying, first determine what type of house you want. Should be adjusted to the needs and activities that you do everyday. The distance between home and work location must also be considered.

For those of you who have busy work activities, it is better to buy a house close to the city center. However, if you want to have a conducive environment for children’s growth, you can choose a house in a housing complex. Don’t forget, the type of house must also adjust to your budget. If income is limited, it is better to choose a simple house.

Currently, the average income of the younger generation is at the level of IDR 6,072,111 per month. Meanwhile, for housing installments, for example in Jakarta, the cheapest price is Rp. 300 million. So, at least you need a minimum income of IDR 7.5 million per month.

Read also: Who says your salary is 3 million so you can’t buy a house?

3. Reduce rah-rah funds.

Posbali.idThe Financial Literacy Center Caucabus Financial Planner argues that if the millennial generation still prioritizes lifestyle over long-term needs, then the research results can be proven.

4. Additional funds.

Padangproperty.comIn addition to raising money to buy a house, you also have to prepare additional funds. Don’t forget to also prepare additional funds to buy household furniture to complete the dream home you have chosen.

5. Gold savings.

Cermati.comSavings gold is the right way if you want to buy a house in the long term. Reporting from Viva.co.id, gold is a form of investment that will not be affected by inflation, so its value is quite stable. Saving with gold is the right thing to consider.

6. Consult a property agent.

Viva.co.idBefore deciding to buy a house, it’s a good idea to consult with property agents and banks. The goal is to get convenience, for example, the mortgage program is offered with different loan interest and down payments between banks. As quoted from Liputan6.com, property agents can also help choose the type of house, quality, and location which is the best choice.

7. Determine the method of payment.

Okezone.comThe payment methods offered by property developers are usually hard cash, gradual cash, and Home Ownership Credit (KPR). If you have sufficient funds, hard cash is the best choice because you don’t have to think about monthly installments for the next few years.