Moving in with your partner is a decision that shouldn’t be taken lightly. Given that buying a home is likely to be one of the biggest financial investments you make, you have to make sure that you and your partner are fully prepared. So how do you know when you should move in together? Stay tuned for some of our tell-tale signs that it’s time to take the plunge.

You basically already live together

If you spend every waking moment with your partner, buying a home together is a logical next step. Do you spend 5 or 6 nights a week together already? By now you should know all about your partner's habits, their pet peeves and how tidy they are. This should be pretty good prep for sharing a home with your partner. Even if you are a young couple in your 20's, buying could be for you, as this level of commitment should hold you in good stead to buy your first home together. 

You’ve discussed finances

Wondering when to move in with someone? You’ll know it’s the right time when your finances are in order. Getting on the property ladder isn’t easy. At some point, you and your partner will have to agree on a budget for your home, how much to put down for a deposit, and what option to go with.

Depending on your situation, you may need to also discuss what you are willing to sacrifice to save for a home. Be prepared to divide the burden of buying a home between you - financially and emotionally. Above all, be realistic and choose a home you can afford. Struggling to repay a mortgage for your home could have a big impact on both your finances and your relationship!

You are in a committed relationship

Buying a home with a new partner is a high risk strategy. If you’ve not spent much time together, you might discover that they have a habit that you just can’t live with, from snoring to serious hygiene issues.

So, how long before you should consider moving in together? You should ideally be looking to wait around 1-2 years before you move in together - this will give you enough time to learn how it is to live with your partner, for better or worse.

Buy a new build with your partner

Buying your first home as a couple should be an exciting time, as you step onto the property ladder.

You can agree on what and where the home should be

Have a discussion about what you need from your first home. For example, how many bedrooms do you need? Do you want a new build or an old build? How do you want your home to be decorated? Buying your first home with your partner will be all about compromise, so choose your battles wisely!

Speaking of compromise - next comes the issue of location. Ideally, you will want somewhere that is closely located to family and your place of work. But so will your partner. If you can find somewhere that balances both of your priorities, perfect. If you can’t, keep looking!

You’re buying a home for the right reasons

If you are buying your first home with your partner, it should be because you want to take a big step towards a more committed relationship. If you are buying a home to solve a problem in your relationship, it’s likely things won’t end well.

Don’t buy a shared home because of financial reasons, or because of trust issues in your relationship. A home shouldn’t be the solution to your problems - it should be a natural next step in your relationship!

What to do if you break up?

Hopefully, this won’t be something you have to face, but it’s a good idea to prepare for the worst-case scenario. In the event that your relationship doesn’t work out, you will need to think about what to do with the home. How will you split the profit or loss if the house is sold? It’s a difficult talk to have with your partner, but it will save you scrambling for a solution in the event that something goes wrong.

 

Are you ready to move into a new home with your partner? Peabody has a range of unique new apartments geared towards first time homeowners. With high-quality facilities and affordable prices, you can get your home-buying journey off to the perfect start.

Find a home with Peabody

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