Many young Australian are finding it difficult to save up the deposit to buy a house. If you are renting in a desirable suburb, with high rents, it can be even harder. That’s where house sitting can help you save your way to home ownership.
Being a house sitter requires you to take care of the homeowner’s place and pets while they are away. Responsibilities can include general maintenance of pool and lawns, making sure the home is secure and redirecting mail in return for free accommodation.
Most house sitters have traditionally been retirees or travellers but these days we are seeing a boom in house-sitting among young Australians, because it allows them to avoid paying rent, utility bills, repair costs, and in some cases even for food. House sitting has become an ingenious way to save for a house deposit.
If you’re on the fence about joining the house sitting lifestyle in order to save for a house, these are the pros and cons.
Pros of house sitting
Cons of house sitting
Should you house-sit to save up for a home deposit?
If you think you can take on the house sitting lifestyle, this could be a great way to save for a house. While it may entail a bit of a sacrifice in terms of your living conditions and lifestyle, it will save you on rent and utility bills which you can then use for a house deposit.
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