Buying a home on your own is an amazing move and a great step towards financial security, but make sure it’s a home you can afford if there is a momentary, or longer, blip in your financial profile.
Being the only person with a set of house keys also means being the only person responsible for maintenance. A leaky tap or overgrown lawn won’t take care of themselves.
- Safety and security
Remember that being a single homeowner doesn’t allow for someone to be home the majority of the time. So you will need to consider safety and security issues.
- Resale and longevity
Purchasing a home is a great long-term investment. However, there are many reasons single homebuyers may need to move, such as relocating for a job or lifestyle change.
You buy yourself a nice little home or apartment now. But someday you might not be single and you’ll add a significant other to your team and possibly even children.0