For some, homeownership is a scary thought, especially if city life or travel are priorities. Here’s why waiting until your 30s to purchase a home is a smart move.
You’ll have more time to save for a down payment.
If you wait a few years after getting married to move into a home of your own, you will have more than enough time to save up for a 20% down payment, which is the recommended amount. This will cut down on stress and allow you and your new spouse to enjoy your new lives together without the pressure of home payments. Those in their 30s are more likely to be more financially stable than the younger crowd.
You’ll know where you want to settle down.
As opposed to twenty-somethings who are fresh out of college and keen on adventuring, those in their 30s have had more time to explore and find a place they want to call home. This way, you won’t make the wrong decision and regret purchasing a home in a location not fit for your family.
You’ll be secure in your career.
It takes a while to not feel like a newcomer anymore in your career. By your 30s, you will have enough experience under your belt to feel confident and settled. Buying a house comes with a lot of costs and job security is a must.
You’ll be able to afford a home that is not a fixer-upper.
DIY projects are great, but they often come with stress and more costs than you planned for. Being able to buy a move-in ready home will be a great feeling when the time comes.
Trey Willard, CEO The W Group
Berkshire Hathaway Home Services – United Properties
8440 Jefferson Hwy. Suite 100 Baton Rouge, LA 70809
- (225) 413-4835 F. (225)448-3253