Almost everyone likes to daydream about the first home they are going to purchase. I have to think back more than 50 years ago to my first home hunt.
I was 18 years old and very practical. I had zero interest in starting a family, I just wanted a place of my own where I could crank up the stereo and have a beer.
Fortunately for me my Dad had a Realtor friend and the three of us went on the hunt together. Back then it started out with the "book". A loose-leaf binder with one black and white photograph of the front of the house.
I think we picked out three to look out. My budget allowed for monthly house payments of about $100.00.
The little house above became my dream home. At $13,000 my monthly payments were $101. a month. Even better was it had a little apartment downstairs that I rented to my girlfriend for $100. a month (I paid all utilities). 😏
When I first became a Realtor I was surprised that very few young home buyers today think as conservatively as I did when I purchased my first home. It seems that young, first-time home buyers are only interested in homes as nice as, or better, than the homes they just left.
I've known several first-time homeowners that could not afford to purchase furniture their first year in the home. In the spirit of full disclosure, I ate saltines and pie filling for many meals that 1st year but I did have furniture. ☺️
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