Build an emergency fund, know how much money you can comfortably afford to pay, and get loan pre-approval if you are a millennial in the market to buy a home for the very first time. These tips are a few offered by Suzanne Delyon and when they are put to use, it is easy to make this sometimes scary experience less stressful.
- Millenials home buying trend was a complete 8 percent point below that of Generation X and the baby boomers generation at the same age.
- Owning a home can be more expensive than renting, says Suzanne Delyon, a real estate expert, so it is advisable that one pays off all debts first.
- Although for home owners, monthly payments are cheaper than for renting, but they need to consider the costs of home maintenance and upkeep.
“home buying can be a long, tedious process, and will most likely be the largest purchase of your life up to this point. But if you undertake the necessary actions and planning, home buying will be a better experience and you will get the most bang for your buck.”