Buying a Home This Autumn? 4 Unconventional Ways to Save up for Your Down Payment

Autumn is a popular time for new home buyers to start looking for their first house or condo. But with that down payment looming, everybody could use a bit of help saving up to make that bulk payment a little less intimidating.

There are plenty of unconventional ways to save up that may seem small, but will quickly add up and put a dent into that down payment.

Create A High Interest Savings Account

Talk to the bank about creating a secondary savings account with a higher interest rate. These super savings accounts usually come with the caveat that no money can be removed for a designated period of time. Using this account for the down payment works in everybody’s favor because it guarantees those extra dollars cannot be used for any other purpose.

Discard One Guilty Pleasure

Enjoy Starbucks coffee? Grab a pint every happy hour? Choose one vice and put the amount that would be spent on it into a jar. Most people will be surprised on how much money they spend each month on one guilty pleasure that can easily be cut out of their life. Every perk that’s cut will increase the amount by a decent margin.

Put Away Any Bonus Money

Holiday bonuses from work, tax refunds, birthday or Christmas presents, income from side gigs, any and all extra dollars that come in from any source outside of the main paycheck should be considered ‘down payment dollars.’ Sure it’s tempting to use that nice bonus or tax refund on a weekend trip or a night out, but all extra income should be saved away for that initial down payment.

Bring On The Roommates

People who already own a home and are looking to relocate can take this unconventional approach. Decent housing is hard to find so anybody with an extra room can rent it out and put that money towards the new house. Having a roommate can be a pain, but it’s for a limited time and can add up quickly.

While saving for a down payment can be stressful, you don’t have to go through the process alone. I’d be happy to guide you and provide some helpful tips for how to make that down payment without breaking the bank. I’ve seen countless couples go through the same thing and my experience can make a world of difference for you.  Give me a call – J.P. Cook – 602-320-4253.

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14042 N 92nd Avenue Peoria, AZ 85381

$458,900

3 Beds

2 Baths

2,038 SqFt

Status Active

MLS # 6685815

Property Type Single Family Residence

Price Type --

Beautiful home with very little maintenance. Freshly Painted inside and out. New carpet. New kitchen sink and dishwasher and Microwave. The countertops in the Kitchen resurfaced. Inviting fireplace in the family room. Bonus room between two Bedrooms. Could be an office, or playroom. Basketball playcourt in the back. Beautiful fenced pool. Prime location, close to P83, and has amazing restaurants. Sports Facilities. Medical Facilities, and Great schools. Local to Westgate, State Farm Stadium, Spring training, Peoria Sports Complex. Arrowhead Shoping mall. Rio Vista Community Park along with hiking and bike paths. For fun in the sun, boating and water crafts Lake Pleasant is 10 miles away! Very Desirable and sought out Neighborhood. This home will go fast, dont miss out !

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10097 S Vaquero Lane Hereford, AZ 85615

$458,719

3 Beds

2 Baths

2,051 SqFt

Status Active

MLS # 6612437

Property Type Single Family Residence

Price Type --

Stunning mountain and valley views from this 3bed+/2bath 2051sqft home in the popular Kings Ranch community. Lots of natural light in the open concept kitchen complete with white painted cabinetry, quartz countertops, stainless steel appliances, and tile backsplash. Wood look tile throughout living areas with upgraded carpet in the bedrooms. Plumbed for soft water & tub sink in garage, can lighting throughout, and prepped for landscaping irrigation w/ timer. Energy Star and Environments for Living Certified home.

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20323 N 273rd Avenue Buckeye, AZ 85396

Open House

$458,400

2 Beds

2 Baths

1,961 SqFt

Status Active

MLS # 6668685

Property Type Single Family Residence

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Embrace Southwestern living in this luxurious turn-key 2-bed, 2-bath home. A custom landscaped courtyard welcomes you into a fully furnished retreat featuring an open floor plan, chef's kitchen with SS appliances, cabinets with rollout shelves, and a charming breakfast area. Flexibility is found in the office/den with French doors. Enjoy the convenience of an insulated 2-car garage and additional 3rd car garage. The primary suite boasts an en-suite bathroom w/dual sinks, a soaking tub and shower alongside a spacious walk-in closet. Custom interior and exterior features abound. Relax on the outdoor covered patio with a natural gas BBQ grill, creating the perfect space for entertaining. Your dream home is move-in ready plus a new HVAC & HW Heater!

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39302 N Kaden Lane San Tan Valley, AZ 85140

New

$458,018

2 Beds

2 Baths

1,645 SqFt

Status Active

MLS # 6692754

Property Type Single Family Residence

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Up to 2% of total purchase price towards closing costs incentive offer. Additional eligibility and limited time restrictions apply. MLS#6692754 May Completion! Explore the Kaibab floor plan within the vibrant 55+ community of Ovation at Meridian. This charming single-story design spans 1,645 sq. ft. and features 2 bedrooms, 2 bathrooms, and a 2-car garage. As part of the Adventure Series, it prioritizes privacy with distinct owner's suite and bedroom zones. Upon entry, you're greeted by a welcoming foyer leading to a generous kitchen and gathering space. An optional flex room adds versatility, ideal for a dining area or third bedroom. Perfect for individuals seeking seamless room-to-room privacy. Structural options include: upgraded square corners, 5' baseboards, backyard turf.

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