If you got engaged recently, you probably have a lot on your mind. There are countless steps you’ll have to take in the near future, from planning the details for your wedding to deciding where you’re going to live and who is going to pay for what. But before all that, you get to make a fun choice: rings.

Beyond just the engagement ring, you may be in the market for a complete wedding set. Sets are ideal because after you flaunt the first ring for a few months, you get to add the wedding ring onto it. A lot of people pine after traditional diamonds, but we’ve learned that sourcing this jewelry can be unethical and downright expensive. You and your partner should consider shopping for simulated diamond wedding sets. A simulated diamond engagement ring will have the same cut, clarity, and sparkle of a natural diamond. Additionally, simulated diamond jewelry will be much less expensive than natural diamonds, which can be helpful if you’re planning on buying a house with your fiancé.

If buying a house is, indeed, the next step you plan on taking, here are a few things to keep in mind.

Strategize Your Mortgage

When two people buy a house, it’s often assumed that both of their names will be on the mortgage, meaning they both are legally responsible for the mortgage. However, this doesn’t always have to be the case. There are quite a few benefits of having both names on the mortgage, like being able to qualify for a larger loan, being able to build credit scores simultaneously, and not having to worry about losing the house if a separation occurs.That said, there are also benefits to only having one person on the mortgage, too—if one partner has a lower credit score or is currently unemployed, having the other person be on the mortgage alone could allow for larger loan approval. Furthermore, it may bring some peace of mind if a couple doesn’t have to fully combine their finances yet in case the marriage doesn’t happen. Ultimately, it’s up to the couple to decide what’s best for their specific situation.

loving couple

Be Ready to Compromise

Buying a house can be a complicated and long process, especially if the real estate market isn’t doing well where you’re looking to buy. This is why it’s important to have open communication and be ready to compromise with your partner. You should decide on a few “must-haves”, like the location, number of bedrooms or full baths, and storage space. If there are some “must-haves” that you both agree on, you should be willing to compromise on other features, like granite countertops and the location of the living room.

For example, if you and your fiancé want to look for a cabin for sale and you decide you need mountain views and plenty of space for your future family, you may have to add features like wood floors and french doors after you buy the property. And compromising on some of the things you want in a house could also allow you to buy a mountain cabin for the fraction of the price of a more finished, and more expensive, house.


Understand What Marriage Means Legally

Real estate is a big commitment and it’s important that both you and your fiancé understand the legal aspects of the process. Because both of you don’t technically have to be on the mortgage or the title, you should know who has legal rights to the property and set it up so that the other partner can be given rights to the property if the legal owner should pass away.

Additionally, you should establish a budget and payment system so you can ensure both partners are putting money towards the mortgage and other expenses as needed. Having an attorney look over purchasing documents and help make sure both partners have legal access to the property is always a good idea.

Buying a house with your fiancé can be a really exciting, but somewhat scary, process. But if you keep this information in mind, you’ll be well on your way to buying your dream house and starting your life together.