Many of us grew up with the idea that saying “I Do” was the key to happiness… and a home. Thankfully, the traditions of earlier generations are being replaced with more empowering aspirations. We’re looking for the right person, not just any person. We’re building our careers. And while we’re at it, we can buy a home and invest in our financial future, too.
Hear us roar.
Some common objections to buying include not wanting to do it alone for financial reasons, or because you might be having nightmares about what could go wrong. These are fair points but, just like most dating profiles we’re swiping on, there’s much more to the story.
Today down payments can be much lower — as small as 3% sometimes, for example. Plus, buying a new construction home can eliminate high maintenance, and you can invest in your future with every monthly payment.
With those concerns out of the way, what’s to stop you now? Here are just some of the advantages of owning a home while you’re single.
1. You can have safety and privacy
In an apartment, you can generally feel safe because you share walls with your neighbors, right? The downside is that you can also hear everything they do, and they can hear you. That can get old really quickly.
All of our homes are built in quiet, safe neighborhoods so you can have peace of mind while you’re getting your beauty sleep or traveling the world. You also have the freedom to install a security system that works for your needs if that makes you comfortable. Safety and privacy together? That sounds more fabulous than Carrie Bradshaw with a cosmopolitan.
2. You can use extra rooms for your hobbies
If you love to host friends and family, you can have guest rooms that are inviting and allow you to welcome people to your home, without having to put them on the couch.
You can also use the extra rooms for hobbies and lifestyle upgrades, such as a home gym, home office, craft room, game room, movie room or whatever your heart desires. Want an entire room dedicated to needlepoint? Owning alone gives new meaning to “nobody is stopping you.”
3. You can build equity for yourself
Why wait for a partner to invest in yourself? Owning a home can be a great opportunity to build equity and improve your financial situation. Buying instead of renting while you’re single can help you reach your financial goals sooner and move you toward even more financial freedom in the future. Plus, the more you don’t need anyone else for your financial needs, the more confident you’ll feel to say “Thank u, Next” on dating prospects who aren’t a good match.
4. You can plan for your future
Having a home of your own can provide you with the space to plan for your future, like welcoming a new partner, children or hobby. Instead of cramming into a one bedroom apartment or dealing with the stress of needing more space as you grow, you can open the doors to new possibilities without much hassle.
5. You can take personalization to the next level
Bohemian oasis? Parisian flat? Go wherever your heart and your Pinterest board take you. In a home you can take decorating your space further by painting, changing light fixtures and taking on simple improvement projects like built-in bookshelves. When you’re single, you can make all of these updates exactly to your taste, creating a level of personalization that isn’t possible in a rental property.
What’s the first step?
If you’re buying a home while you’re single, it’s important to buy with a company you trust, who can help you every step of the way. Our Sales Guides can do that for you. We’ll walk you through the entire process, answer any questions you may have and guide you home. We can also help you connect with a trusted lender. Contact us today to set up an appointment, which includes a tour of a home in your price range.