Everyone around me bought a home in the past 2 years or is in the market for a home in the next 2 years. It is crazy! Although we may be at that stage in life, purchasing a home isn’t for everyone. Personally, I did a ton of researching before I realized that it was time for me to buy a home instead of continuing to rent. I weighed the pros and cons, read lots of articles, and asked a ton of questions!
In order to help others that may be considering buying a house, a created the following resources:
If you are on the fence about renting versus buying, check out these 8 reasons you should keep renting (instead of buying a house).
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You need to insure your home, but don’t want to pay too much for home insurance. Saving money on insurance involves investigating to find low-cost policies as well as keeping an eye out for discounts and things you can do to pay lower premiums. Getting advice from an agent is also one way to shave off extra money from your monthly premiums. Insurance is a necessity, but that doesn’t mean that you should take the amount you are paying each month as a given. In addition, it is worthwhile to negotiate with companies to find the best rate.
Considering buying a new home? You are in luck. I bought my first home in April of this year. I would ask my friends, family, co-workers, and others about the home buying process. A lot of the answers that I was looking for – especially regarding the cost of home ownership were nowhere to be found.
In order to help you through your journey to homeownership, I decided to discuss the things you need to know if you are considering buying your first home in the next 3 years. To get started, check out these posts:
As you probably know, homeownership isn’t cheap. Even if you have already taken the 5 steps I mentioned previously to prepare for your 1st home purchase and considered all the 10 costs homeownership, there is a good chance you are underestimating some of the costs.
Check out these 5 major costs that 1st time home buyers underestimate:
Today’s guest post is from a fellow millennial personal finance writer, Michael L., from Super Millennial. Check out his bio at the end of the post!
Are you ready to be a homeowner? It may not happen in your 20’s or maybe even 30’s with rising real estate prices & increased student debt but it is still a financial goal for many. It’s one I was able to accomplish at 27 years old thanks to a lot of discipline and planning. The experience can be nerve wracking from start to finish but ultimately very rewarding. Before you even start looking it’s important to evaluate where you are with your life first; both financially & professionally.
First of all, congrats! If you are reading this, then you are probably in the market for a home. I was in your same place earlier this year. Looking for resources in order to assist me on my journey to homeownership.
I was looking for a checklist, you know, something to tell me how to prepare. That’s why I created these 5 steps to prepare for your first home purchase.
After I knew I was ready to buy a home, I wanted something else that showed me all the fees and costs associated with homeownership compared to apartment dwelling. I couldn’t find anything anywhere that detailed all of the costs of homeownership. That’s why I created this list.
In March, I became a homeowner! Time sure flies because it feels like just yesterday. Many of my close friends have recently purchased a house or are in the market to buy in the next 2 years or less. Although it can seem like an overwhelming process, it doesn’t have to be. I am here to help you out. Look for regular posts regarding the home buying process.
To start things off, check out these 5 steps to prepare for buying a home!