Buying a home is one of the most important things you can do in your lifetime, but it may seem like an accomplishment that’s just out of reach, especially when you’re young. Waiting until you’ve crossed the three-decade threshold is a smart way to shelve the stress of buying a home for when you’re slightly more mature, but in case you need specific reasons to wait, here are three.
You’ll (probably) be more established in your career by the time you’re in your thirties. The stress of managing a mortgage while stagnating in a job or field you’re unsure of is stress you don’t need. Focus on your professional life for a couple of years before pursuing homeownership so you can truly enjoy both.
Waiting to buy gives you more freedom to travel, explore and discover, which is precisely what you need to do before settling down in one spot. Find the cities, towns, communities, and neighborhoods that resonate with you and you’ll feel superbly confident when it’s time to choose a locale for your first home.
Waiting gives you time to save, save, save. And that nest egg will need to be pretty well padded by the time you’re ready to buy your first home. Saving enough for your down payment is a considerable accomplishment, but having an income that allows not just for a confident down payment but for a comfortable life once the papers are all signed is even more considerable.
For more homebuying tips and tricks, visit Stonebridge Mortgage’s blog each week. Stonebridge Mortgage Group can help you with your Reverse Mortgage, Real Estate Loan, and many other mortgage solutions. We serve the greater Portland area and are located in Gresham, Oregon. Call us today at 503.661.5580.