Forget about Traditional Wedding Gifts! Create a Down Payment Wedding Registry Instead
Are you heading to the altar soon? Nobody likes to think about it, but as a bride and groom, it’s your job to make sure you get the best wedding gifts to set up your life as you head into the future as a happy married couple.
Truthfully, many of us already have a home filled with dishes, pots, pans, and every other traditional gift that friends and loved ones give. Since you do not need any of this stuff, wouldn’t it make more sense to raise money for a down payment on your future home instead?
Many of today’s soon to be married couples need to rethink creating a traditional retail wedding registry, or in many cases, multiple registries. And the couples that are using their heads are thinking clearly and creating down payment wedding registries and pointing their loved ones and wedding guests in that direction.
Why Create a Down Payment Wedding Registry As Opposed to a Traditional Gift Registry?
There are a number of great reasons to go this route. Some of the most simple and straightforward explanations are as follows:
- The couple realizes that they are going to need additional funding in order to achieve their down payment goals.
- Couples already have their future home picked out, but lack a plan to get the money for a down payment.
- Instead of working for the next five years to save up enough money for a down payment on their future home, couples are getting creative and using Plumfund to create a down payment wedding registry.
- Couples are looking for better ways to involve their friends and family members in this huge, life altering purchasing decision. Friends and family are always willing to help those in need, and this is especially true when it comes to one of the most important couples in their life.
How Much Money Should Couples Expect to Receive When Creating a Down Payment Wedding Registry?
At the end of the day, there are going to be a number of different factors that play into the amount of money that you’ll receive. But the average estimate from one crowdfunding website specializing in down payments says that the average registry brings in between $8000-$8500.
As you can clearly see, this is a huge benefit for the future married couple.
And the down payment registry can pay for other home related expenses as well. It’s not limited to paying a down payment. In fact, if there is additional money available after the down payment is covered, the couple can also use this money to pay real estate agents and other closing costs.
Creating a down payment wedding registry might seem like a crazy thing to do, and some of you might not feel comfortable asking for money in lieu of traditional wedding presents. If you’re serious about buying a home after you‘re married, this might be the easiest and fastest way to come up with cash for a down payment on your future home. Please keep this in mind when creating your wedding registry.