If you are a young, single person between the ages of 21-35, it may be a bit more difficult for you to own your own home, but it is not entirely our of the question. While it is much more beneficial to purchase a home with two incomes, buying a home as a single young person is very much feasible and will financially benefit you in the future. Investing in real estate is a smart move that will only bring you money in the long run. Purchasing a home and renovating it may cost you more now, but it will increase the home’s value and bring in more money for you should you ever decide to sell. Here is some advice to owning your own Erath County home as a young, single person in America.
Look for a home that is not too flashy, as well as a great deal. If you are not looking into spending too much time on home repairs and maintenance, make the first property you purchase a condo or townhouse. These properties will still increase in value and the upkeep will be much less bothersome.
Save up as much money as you can. Paying for a down payment is not cheap, not to mention the other fees that come with purchasing a home, and making sure you have the funds ahead of time will put you ahead of the game.
Scour the internet, newspapers, blogs and any other media outlet for deals of a lifetime. You never know when you will find a home under foreclosure that is selling for much less than what it was originally bought for. Additionally, consider purchasing a fixer-upper. Renovating a house may take time, but fixing it up with $5,000-$6,000 is very realistic and will only make the home increase in value.
Interested in Erath properties? Please contact us with all your questions.