It used to be that men and women waiting to be first-time homebuyers until they married. Is rented or lived at home with parents until they find Mr. or Ms. Right.
Today, the National Association of Realtors, one in four home real estate purchases are made by unmarried women outnumber single men by two to one. The cause is believed to be that many single men aged 20 to 30 years still live with their parents until marriage, while the Single women are more likely to enter premises for rent with friends after college. In addition, women are marrying later in life, the attainment of degrees higher education, and spending more time to establish their careers. This gives them more financial resources to purchase their own real estate and move to a proper place.
My daughter did in his 30 years. A web designer of success in West Palm Beach, Florida, decided that it was losing your rent money and wanted something that was hers. As with most of the tenants alone, she bought a condominium (detached houses are another good alternative for apartment dwellers above). Although it was a big step and a big commitment, has a sense of security, satisfaction and achievement that can not be found through rent.
Some advantages of renting
After renting for several years, many singles are frustrated with their money goes into the pockets of someone else, without nothing to show. They do not like not being able to decorate to your liking or sharing space with roommates.
In some places and personal situations, however, the rent may be the best and cheapest alternative. You do not pay for repairs, maintenance or property taxes. You have more flexibility to change at any time, without worry about first sale of your property. Therefore, if you are considering buying residential real estate, compare your options carefully before making a commitment.
There are many benefits of Homeownership
The property owners achieve many benefits. There are numerous deductions on property tax time in both federal income taxes and state, especially if you bought your house real estate in the fiscal year. (See my article on this website, entitled "Property tax breaks for your home" For more benefits of homeownership.) Because it is your home, you can make a change more permanent through the renovation and decoration. Moreover, its investment in general, increases in value and you build equity that can be borrowed in against in the future to the needs, such as buying a car or vacation that you always dreamed.
Although the actual purchase of property before marriage is a great commitment, more and more singles are doing just that and find the movement is much more rewarding than renting.
About the Author:
John Harris is an expert researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit San Marcos Homes for Sale
Article Source: ArticlesBase.com – More Singles are Buying Homes
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