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Getting Married? Skip the Fancy Plates and Ask for a Down Payment Instead: How to crowdfund your dream home. Buy, Finance By: Heather Donahoe
Helping a couple get into their first home, that’s a contribution they won’t ever forget. What will really change the way people use gift registries is when they look beyond the idea of purchasing an item, and decide they want to be a part of someone’s overall life experience instead.
Helping a couple get into their first home, that’s a contribution they won’t ever forget. What will really change the way people use gift registries is when they look beyond the idea of purchasing an item, and decide they want to be a part of someone’s overall life experience instead.
How to crowdfund your dream home:
Don’t be sheepish. Wedding registries of any variety are simply a series of gift ideas for wedding guests who are already planning to buy a present. A down payment registry is no different—it’s just a suggestion.
Spread the word. Share the specifics of your down payment registry on your wedding website, on any wedding shower invitations, and when friends and family ask where you’re registered.
Be grateful. In addition to the thank-you notes that you’ll send promptly after the wedding, consider sharing periodic updates about your home-buying adventures with the people who helped make it possible. It’s just another way to show your gratitude.
Leave a paper trail. When applying for a home loan, you’ll need to verify that your down payment is yours, free and clear, and not the result of another loan. Most down payment crowdfunding sites will document the nature of the monetary gift.
What do you think of crowdfunding for wedding registries? Let us know in the comments below or on our Facebook page.
