Published on January 18th, 2019 | by Balanced Family
One-Third Of People Looking To Buy Homes Are First-Time Homeowners Finding Your Dream House
Buying a new home is a process many American families and couples are looking forward to in 2019.
Becoming a homeowner is a liberating act. It gives you the opportunity to finally shape the world to your specifications, whether it’s adding a new garden to the backyard or painting the walls your favorite color. It’s just getting there that’s the tough part. Should you prioritize the neighborhood you live in or is it better off going with the cheapest option? When you need some extra help, there are new construction resources available to help.
Custom estate homes can simplify a complex journey and get you that much closer to your dream. Here’s what you should keep in mind as you look online and compare prices.
Several Demographics Want To Become Homeowners Today
You may think it’s mostly Baby Boomers that are interested in owning a home. Recent statistics suggest otherwise. The Harvard Joint Center For Housing Studies predicted Millennials will form over 20 million new households over the next decade. There’s just something incredibly freeing about owning your own home and crafting it for the following generation. A custom home community can be yours, too, with a little research and deliberating.
Residential Growth Is Seeing A Notable Increase
Are you considering moving into a suburban community? You’re far from the only one. One study showed 80% of residential growth will be in suburban communities over the next decade, with the shift being led primarily by families and newlywed couples. While you don’t have to rush such an important decision, it’s best to start looking as soon as possible. Homes are flying off the shelves and soon many of the best locations will be snatched up.
There Are Many Reasons To Own A Home
The reasons that are pushing you to own a home will guide you through the initial rough patches. Some want to own a home so they can enjoy more independence, particularly if they’ve had bad experience after bad experience with apartment managers. Others are starting a family and want a stable location with plenty of flexibility. One study found nearly 35% of recent buyers purchasing new homes to avoid renovations or issues with plumbing. Jot down your particular issues so you never lose sight of what’s important.
Prioritize Location, Then Budget, Then Style
You want to make sure you’re going about things as smart as possible. Before you think about all your home renovation projects, focus on a good location. If you’re starting a family you want to live somewhere with quiet neighborhoods and good walkability. It’s also important to sift through different budgets so you’re not feeling trapped by looming mortgage payments. A 2017 National Association Of Realtors report revealed 55% of buyers 36 years old and younger found their homes online.
Look Into New Construction Homes In 2019
Becoming a homeowner is a gradual process. It involves looking toward a future that may not arrive in another year or two. It means being honest with what you want and need, without going too far in any one direction. Over 30% of people looking to buy new construction homes today are new buyers. Before you get too wrapped up in the potential for failure, look at homes for sale online and write down some important notes about your dreams.
They’ll be the key ingredient in getting you where you want to be, whether it’s in sunny suburbia or in lively urban townhomes.