The dream of this generation is to buy the ideal house or apartment. However, it is important for them to have knowledge about what are the steps to be able to buy a house.
Some studies mention that Millennials always try to find a great location, smart home technology. They also want an outdoor space where they can relax and spend time with their friends.
A study by the NAHB (National Association of Home Builders) showed that more than 80 percent of Millennials wanted laundry rooms, hardwood floors, patios, and garage storage.
First and foremost, it is important to start calculating the amount of mortgage you can afford today. If that figure is far from your goal, we would like to give you some strategies you can start using.
1.- Save money: Budget carefully and see where you could save the most.
The typical millennial currently has about 26% of their income left over to save after covering expenses, down from 30% in 2020, according to Redfin’s calculations.
2.- Get more income:
Some consider that this strategy could be a bit difficult but it is not impossible to achieve, since if the motivation is to buy a house, it will focus on earning more money and saving and this can help with the initial payment.
3.- Look different options:
It is always good to be open to various options. Sometimes we are not going to find all the features we want in a house, in some cases, certain aspects have to be sacrificed.
Others seek the option of moving completely to a city where they can live more comfortably and can afford the house easily. This will be the decision of each person but it is always important to have several options and not be closed only in an alternative.
Sources:
Images via Pinterest: realestate.com.au, tuacasa.com.br, Incríveis Fachadas de Casas Modernas
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