Who said home buying was only for the middle-agers, married with children? Young, single (or both) - you too can partake in the American dream of home ownership! The real estate market has noticed a boom in the number of young adults purchasing homes, and the amount will continue to increase. Below I will equip you all in the 30 and under crowd with some valuable tips & information I gathered from www.realtor.com and www.NYtimes.com, that'll make accomplishing your goal of buying a home a reality.
1) Establish good credit habits & history - Pay all of your bills on time! Know what your credit score is, and what is on your credit report.
2) Start saving up for a down payment and closing costs. - Costs don't just begin/stop with the mortgage!
3) Read books on financial management & real estate - Establish a financial plan for yourself.
4) Do your research on areas you potentially would like to live in.
The number of young adults purchasing homes is on the rise - If you follow the aforementioned tips, you will be well on your way in becoming apart of the movement!
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