Buying a house in your twenties can be an overwhelming and strenuous ordeal, but there are many things that you can do in order to make it an easier and more manageable experience. There are so many resources at your disposal, and we hope to share some of our favorite thoughts on the matter.
Commit to the Process
Buying a home is one of the largest purchases that you’re likely to make in your twenties, and as a result, you should know that you are ready, willing, and able for that kind of commitment. Millennials are known to be quite nomadic, so it is important to know that 3 to 5 years is the average amount of time that most people spend in a house that they’ve bought.
Buying a home is a huge commitment and also means that you may end up having to get your hands dirty; really dirty. Gone are the days when your air conditioner breaks down and you can just call the maintenance team or your property manager. Because you are all of a sudden responsible for all of the repairs that need to be done to your home. Whether you pay to have them done, or you do them yourself, you are the one who has to take care of arranging all the details.
Understand Your Finances
Any lender is going to look at every part of your financial picture. They will need details about your current salary, your monthly expenses, your credit score, and your spending habits. The more that you have in order when you begin, the faster the process will hopefully go for you.
You also need to make sure that you have a budget in order. When you’re considering your finances and budget, consider the fact that home-ownership consists of much more than a monthly mortgage payment. Home owners have to consider insurance, property taxes and any money it costs to cover routine maintenance or unexpected home repairs.
Not far into the process of buying a house, you will realize that it is almost entirely a financial process and not quite the fun, humorous experience that HGTV portrays. And therefore, sometimes it can take a great deal of time. So be willing to practice some patience. And try not to be too frustrated by the systems that are in place and sometimes take longer than you think they should.
Work With Someone You Trust
Working with someone you trust is one of the most important things to consider when it comes to buying a house. Feeling confident with the person you are working with can help ease an incredible amount of stress. And here at Magnolia Design Properties, we work hard to make sure that you have all the tools and information that you need to make informed and precise decisions. And we are working hard to find houses for you to buy. If you are in the market for a new house, please let us know, and when we are ready to roll out our newest properties, we will make sure that you are at the top of our list!
