This Woman who bought her first home at 22 says ‘young people don’t want to make sacrifices - Bliteoc

This Woman who bought her first home at 22 says ‘young people don’t want to make sacrifices

3 months ago 63

Kirstie Allsopp caused a storm earlier this month after claiming it was ‘easy’ to buy a home in the UK.

The presenter, who fronts a variety of property shows on Channel 4 such as Location, Location, Location, angered many first-time buyers after insisting young people could own their first home if they gave up their luxuries.

Kirstie came under fire specifically for her views when claiming youngsters could afford a home if they stopped buying ‘coffee, gym memberships and Netflix’ – despite the fact her family helped her to buy her first property.

The property guru is said to have bought her first home with her family’s financial help at the age of 21, when the average house price in the UK was around £51,000, reports the Sunday Times.

In light of the backlash surrounding Kirstie’s remarks, one woman has revealed how she scrimped and saved in order to buy her first home at just 22 – and has agreed that “most young people don’t want to make sacrifices.”

Georgina Carson, 25, bought her first property in Wigan three years ago with her fiancé Freddy Quinn, 27, which was on the market for £82,500.

The couple put down a 5% deposit on the three-bed terraced home, which they saved through ditching nights out, prioritizing and budgeting whilst living at home with their parents.

After six months of modernizing the home themselves during lockdown, which cost them between £6,000 and £7,000, they then sold their first home for £115,000 – making a profit of £32,500.

The couple’s first home in Wigan
(Image: Georgina Carson)
Now onto renovating and selling their second property, Georgina states “it’s all about priorities.”

“Whilst saving for our first house my partner and I were both earning just over £20,000 a year, so not an extravagant wage,she said.

“We put away savings every month and managed to save about £1,000 per month between us.

“When we got the keys, we moved into the house straight away and lived in it whilst we were renovating.

“We didn’t even have a bed, we just had a mattress on the floor and we were living very basic.

“We had to wait to get paid every month to buy things to renovate the house. So one month we’d do the tiling and another month we’d get all the paint to do the walls.

“This was all to save as much money as possible as that’s what you have to do.”

Georgina and her fiancé Freddy
(Image: Georgina Carson)
Kirstie claimed that although there are those that cannot afford to buy a home, others are not willing to make the sacrifices – and Georgina agrees.

“I think this is true, a lot of people don’t make sacrifices for what they really want,” she said.

“A lot of young people don’t want to make these sacrifices which, each to their own, but if you want something that much you would do what you could to get it.

“I still enjoyed myself whilst saving, I always liked to make sure I have money saved to go on weekends away or to go abroad and that’s just because I manage my money well not because I come from a wealthy background.”

The kitchen before being renovated
(Image: Georgina Carson)
In response to Kirstie claiming young people should give up ‘coffee, gym memberships and Netflix’ if they want to get on the property ladder, Georgina said: “Giving up things like Netflix and coffee won’t give you the money for a house but it does help to save all that extra bit of cash you can.

“Maybe cut down on how many coffees you buy a week or think about if you really need subscriptions to Netflix etc.”

Both Georgina and fiancé Freddy lived with their parents whilst saving up for their first house – something which Kirstie advised – but not everyone is in a position to do.

Georgina said although this helped, it wasn’t the main factor that allowed them to save.

The brand new kitchen
(Image: Georgina Carson)
“Whilst living with my parents I still paid rent, probably just not as much as I would have if I moved out,” she explained.

“We’re not big drinkers so we didn’t go out every weekend and I only bought clothes for occasions or if I needed them, so that helped us to save.

“We just prioritized and made sure that the money we were spending was just on things that we needed.

“I think young people rush to move out so young, and then use most of their wages on rent.

“For some people who might work but then you are stuck in a trap of paying rent from a young age, which then makes it harder to save for a deposit for a house.

“I think it does help to try and stay at home with parents if you can, just so you can get yourself on track and save up a bit more money instead of moving out at 18.”

The bathroom before
(Image: Georgina Carson)
Kirstie claimed that although there are those that cannot afford to buy a home, others are not willing to make the sacrifices – and Georgina agrees.

“I think this is true, a lot of people don’t make sacrifices for what they really want,” she said.

“.A lot of young people don’t want to make these sacrifices which, each to their own, but if you want something that much you would do what you could to get it.

“I still enjoyed myself whilst saving, I always liked to make sure I have money saved to go on weekends away or to go abroad and that’s just because I manage my money well not because I come from a wealthy background.”

The renovated bathroom
(Image: Georgina Carson)
Kirstie advised that first-time buyers should ‘find homes up north’ in cheaper areas to afford their lifestyles whilst saving for a deposit on a home.

Georgina agreed: “House prices in the north are a lot more affordable.

“I am on my second house that I have bought but I wouldn’t be in this position if I lived in the south.

“You can make money from houses in the north to put towards a house more down south – I think it is more about knowing the property market and how to make money with it.”

The living room when the couple first bought the house
(Image: Georgina Carson)
Georgina and Freddy’s house was ‘liveable’ but quite old fashioned when they bought it, and in need of modernizing.

The pair renovated everything themselves from painting to tiling the kitchen and bathroom, and they learned their DIY tricks from YouTube and podcasts.

“Before we both met we had it in our heads that we wanted to buy a house and rent it out,” Georgina said.

“We both listened to podcasts and watched YouTube videos to learn everything about the home-buying and renovating process.

“We researched loads and found the cheapest way to buy a house without having loads of savings.”

The living room after the couple renovated
(Image: Georgina Carson)
Georgina said that when the couple first moved into the house, they only had a mattress.

“We moved into the house straight away when we got the keys and lived in it whilst we were renovating,” she said.

“We didn’t even have a bed, we just had a mattress on the floor and we were living very basic.

“When we ripped the kitchen out we just had a microwave out. This was all to save as much money as possible as that’s what you have to do.”

She advised that first-time buyers should shop around for the cheapest deals.

“Shop around and go to the clearance sections in supermarkets, and go on Facebook Marketplace to buy second hand things.

“All of our doors in the house were second hand and we just painted them.

“Try and learn DIY on YouTube as that’s really helpful. We got a quote to get a fitted kitchen which was £3,000, but because we did it ourselves it only cost £1,000.

“The more you can do for yourself the more money you can save – and the more you can make on it.”

Source & Credit: plainsmenpost.com

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