In today’s real estate market, the number of single home buyers has increased significantly. It has been shown that single women now surpass single men as homebuyers. Single women now make up 21 percent of all new home purchases. If you are looking into becoming a single home owner in the Stephenville or Erath areas, here are a few things to take into consideration.
Make sure to stay within your budget. As a single home owner, you do not have the convenience of falling back on a spouse or significant other if you lose your job or suffer from a sudden health issue. Your monthly mortgage and other home-related costs are your responsibility alone, so it is important to make sure that you are purchasing a home that you can comfortably afford.
As a single home owner, you will also be the only person in charge of maintenance around your home. Issues such as overgrown lawns and leaky faucets are things you will have to handle yourself. If hands on maintenance seems like too much, a convenient alternative to a single-family home are town homes and condos. These properties require less exterior maintenance and are a good option for a single home buyer who does not want to manage an entire property on their own.
Make sure to take security and safety into consideration. You home may be empty most of the time, so installing secure locks and possibly a security system are definitely options to take into consideration.
Take your future plans into account when purchasing a home. You may be a single homeowner at the moment, but you may want to add a spouse and possibly children in the future. Buying a home with additional space, such as a spare room, is a smart move.
For additional information on homes in the Erath County and Stephenville areas, please contact us with all your questions.