Home Ownership and the Single Person

"I should wait to buy a home until I am married." A common misconception when it comes to homeownership. Usually the real concerns are, "Can I afford a home with one income?" and/or "What if my future spouse doesn't like the home I choose?"

If marriage is not in your future, then the issue may be financially. If you can afford to pay rent, you usually can afford to pay for a home. Don't count yourself out before you have even started. The first step is to decide that homeownership is for you. Second, find a great Realtor who can walk you through the process. You shouldn't have to worry about going at it alone when you have someone working on your side that you trust, someone who will put your needs and concerns before their commission check.

If and when your special someone comes along and you need to sell your home at least you will have built some equity up in the home that you can transfer over to your next purchase together. Or maybe they will have a home that you will move into. Then, your options are to: sell your home, pay off some bills, invest it, rent out your home as an investment property. There are so many options. Don't put your life on hold because of the "what if's". There is nothing more attractive than a person living life to the fullest as opposed to someone waiting on the sidelines for life to happen.

Did you know that 38% of first-time home buyers are single? (National Association of Realtors). No matter what category you may find yourself in there is never a bad time to buy a home as long as your purchase is a wise one. Start building equity now, and get in the game. I have learned from experience that you can't control everything in life, and it's that truth that can leave one feeling afraid and unsure about the future, which results in a stagnant life. When we control the things we can we feel a sense of taking ownership for our lives. And that is always a smart move!