Buying a home you can grow into, versus something that fits you now, is smart planning.Trulia has advice for homebuying, no matter what age or stage of life you might be in.
Blake Miller writes, for 20-somethings:
Take time to choose your mortgage options and choose a loan product that fits your needs.
Stay on top of your credit, checking it for mistakes (if you want more guidance, check out our Credit Guide!).
Savings are key for encountering unexpected costs like down payment, furniture, a home warranty, or whatever!
For those in their 30’s?
Priorities – Looking at the bigger picture and where your life is headed is super important, as well as considering budget.
Don’t over-do improvements to your home, valuing it out of the neighborhood.
Timing is everything – Try to time the selling and purchase of your next home, with a talented, experienced real estate agent on hand.
In your 40s? Here’s what you should know:
Evaluate your lifestyle – it’s all about your needs are your life dictates.
It’s never too early to downsize, and even if it’s not time for you to downsize just yet, you may begin planning for it.
For more tips on homebuying in your 20s, 30s, and 40s, check out Blake Miller’s blog via Trulia here.