Marcia's Blog

Why You’re Never Too Young to be a Homeowner

Homeownership used to be something you thought about when you were ready to have a family and settle down. Today, that type of thinking can hold you back. Your 20s (or even your 30s) can be an ideal time to become a homeowner. Whether you’re single, married or somewhere in-between, here’s why homeownership should be a part of your financial strategy

Your 20s are the Perfect Time to Buy a Home

Homeownership used to be something you thought about when you were ready to have a family and settle down. Today, that type of thinking can hold you back. Your 20s (or even your 30s) can be an ideal time to become a homeowner. Whether you’re single, married or somewhere in-between, here’s why homeownership should be a part of your financial strategy.

You can start earning wealth sooner.

Homeownership is one of the keys to building wealth. In fact, studies show that for most families, a home is their greatest asset. By buying a house sooner rather than later, you begin to earn equity, which you can use later to make other big financial moves.

Homeownership can build confidence.

One of the keys to building confidence is setting and realizing goals.  When you achieve the dream of homeownership, you bear witness to your own financial prowess. With that success under your belt, it will be easier to believe that you can achieve greater goals.

Renting out a home can create a new stream of income.

Some people may put off homeownership because they don’t want to settle down in one place. Maybe you like to travel.  Homeownership does not have to hold you back. You can rent the house out and enjoy a new stream of income in the process.

You can create family stability.

You don’t have to be a parent to create stability in the life of others. A home can be a central meeting place for extended family or even your friends.  By purchasing a house at an early age, you’ll have a place where your loved ones can gather, and if you decide to start a family of your own, you’ll have a place that they can call home.

Homeownership isn’t just about settling down. It’s a financial tool that can help you build wealth and create a better life. No matter what age you are, there’s no better time to start than today.